Common use of Feasibility Study Period Clause in Contracts

Feasibility Study Period. On or before the expiration of the Feasibility Study Period as set forth in the Basic Provisions (the “Feasibility Study Period”), Buyer shall conduct a review with respect to the Property to review the condition of the Property and all other matters related to the Property that the Buyer may consider in its sole discretion relevant, including without limitation its suitability for Buyer’s intended use (the “Feasibility Study”). Seller and ▇▇▇▇▇’s Real Property Manager or designee may agree in writing to extend the Feasibility Study Period. The Feasibility Study may include all inspections and studies Buyer deems necessary or desirable in its sole discretion. ▇▇▇▇▇ and ▇▇▇▇▇’s agents, representatives, consultants, and inspectors have the right, from time to time after the Effective Date, to enter upon the Real Property and conduct inspections and tests to ascertain the condition and suitability of the Property. Such inspections and tests shall be non-destructive unless otherwise agreed by the Seller and ▇▇▇▇▇’s Real Property Manager or designee in writing. If ▇▇▇▇▇ delivers to Seller written notice effective on or before the expiration of the Feasibility Study Period that Buyer disapproves the Property, then the Deposit will be returned to Buyer, ▇▇▇▇▇ shall return