Investigation Period Clause Samples

Investigation Period. The first sentence of Section 4.1 of the Purchase Agreement is hereby deleted in its entirety and the following is hereby substituted in lieu thereof: “During the time period commencing upon the Effective Date of this Agreement, and terminating at 11:59 p.m. on October 18, 2012 (the “Investigation Period”), Buyer shall have the right to conduct and complete an investigation of all matters pertaining to the Property and Buyer’s purchase thereof including, without limitation, the matters described in this Section 4.1.”

Investigation Period. During the time period commencing upon the Effective Date of this Agreement, and terminating at 11:00 p.m. Eastern Time on the date that is thirty (30) Calendar Days after the Effective Date (the "Investigation Period"), Buyer shall have the right to conduct and complete an investigation of all matters pertaining to the Property and Buyer's purchase thereof including, without limitation, the matters described in this Section 4.1.

Investigation Period. Sections 11.1 and 11.2 are hereby amended to provide that the Investigation Period shall expire on April 30, 1999 at 5:00 p.m. Eastern Daylight Time.

Investigation Period. Commencing as of the Effective Date and continuing for a period of sixty (60) days thereafter (the “Investigation Period”), the Buyer, including all persons designated by the Buyer, shall have the right, at reasonable times to enter onto the Property for the purpose of investigation, discovery and testing of such Property, including, without limitation, surveying, soil testing and boring, hydrological studies, concurrency, zoning, environmental studies, the drainage and subsurface soil conditions being satisfactory for Buyer’s use and maintenance of the Property. Buyer shall provide Seller reasonable notice of ▇▇▇▇▇’s entry onto the Property and shall schedule such access to the Property with Seller. Buyer will not unreasonably interfere with the operation of the Property. If ▇▇▇▇▇ is dissatisfied, in ▇▇▇▇▇’s sole discretion, with the results of ▇▇▇▇▇’s investigations, then Buyer may cancel this Agreement by notifying Seller of such cancellation, in writing, no later than 5:00 p.m. on the last day of the Investigation Period (if not a business day, then it shall be the next business day). In the event Buyer terminates the Agreement prior to the expiration of the Investigation Period, Escrow Agent shall return the Deposit to Buyer, together with any interest earned thereon. Upon a termination of the Agreement by Buyer prior to the expiration of the Investigation Period, both parties shall be released from all further obligations provided in this Agreement. In the event the Buyer does not elect to cancel this Agreement prior to the expiration of the Investigation Period, then the Deposit shall become non-refundable (except as otherwise set forth in this Agreement), but applicable to the Purchase Price, and the parties shall proceed toward Closing. Notwithstanding any provision in this Agreement to the contrary, ▇▇▇▇▇ does and shall indemnify and hold harmless Seller, its agents, officers, directors, employees, successors and assigns, against all losses, claims, damages, liability, attorney’s and accountants’ fees and costs of litigation and all other expenses related to, growing out of, or arising from the investigation of or entry upon the Property, or other acts undertaken by Buyer, its agents, contractors, employees or assigns, under this Agreement. If Buyer does not close on the purchase of the Property under this Agreement, Buyer shall return the Property to the condition in which is existed prior to any investigations undertaken by Buyer, its agents, e...

Investigation Period. 11.1 During the period from the Effective Date until April 23, 1999 (the "Investigation Period"), Purchaser shall have the right to conduct, at Purchaser's expense, whatever reasonable investigations, analyses and studies of the Property that Purchaser may deem appropriate to satisfy Purchaser with regard to: 11.1.1 the physical condition of the building(s) and other improvements included in the Property, including their structure, roofs, air conditioning, heating, electrical, plumbing and other mechanical systems; 11.1.2 the physical condition of all fixtures, equipment, furnishings and other items of property referred to in Subsection 1.3 above, an inventory of which shall be furnished by Seller at Seller's expense within fifteen (15) days after the Effective Date; 11.1.3 the permitted uses of and improvements to the Property under applicable building and zoning ordinances and the present compliance or non-compliance with the same; 11.1.4 evidence of any hazardous waste or similar materials, and of Radon, in, on, under or about the Property; 11.1.5 all existing Contracts, Leases, lease files, lease abstracts, historical MRI reports (not including prospective information, such as budget projections, which are proprietary to Seller) and tenancies affecting the Property; and 11.1.6 Seller's historical operating statements for calendar year 1998 and year-to-date 1999 (as and when available). 11.2 Purchaser and its agents and employees shall have the right to enter upon the Property for the purpose of making inspections, at Purchaser's sole risk, cost and expense, and subject to the rights of tenants. No destructive testing shall be permitted. All of such entries upon the Property shall be at reasonable times during normal business hours and after at least one (1) business day's prior notice to Seller or Seller's agent, and Seller or Seller's agent shall have the right to accompany Purchaser during any activities performed by Purchaser on the Property. Seller shall make available to Purchaser at all times during business hours during the Investigation Period, and after the Investigation Period until the Closing Date, upon one (1) business day's prior notice, all documents relating to the matters described in Section 11.1 above which are in Seller's possession for review and copying by Purchaser (the "Due Diligence Documents"). In addition, within five (5)

Investigation Period. The first sentence of Section 4.1 of the Existing PSA is hereby amended and restated in its entirety to read as follows: "During the time period commencing upon the Effective Date of this Agreement, and terminating at 11:00 p.m. Eastern Time on February 28, 2020 (the "Investigation Period"), Buyer shall have the right to conduct and complete an investigation of all matters pertaining to the Property and Buyer's purchase thereof including, without limitation, the matters described in this Section 4.1."

Investigation Period. During the time period commencing upon the Effective Date of this Agreement, and terminating at 11:59 p.m. on July 15, 2012 (the “Investigation Period”), Buyer shall have the right to conduct and complete an investigation of all matters pertaining to the Property and Buyer’s purchase thereof including, without limitation, the matters described in this Section 4.1.

Investigation Period. For a period of fifteen (15) days from the date of this Contract (the "Investigation Period") Seller grants to Buyer and its agents, employees, contractors and representatives, a right to enter upon the Property and to examine the Property. During such entry and examination Buyer shall not unreasonably interfere with any tenant's occupancy. During the Investigation Period the Buyer shall further have the right, but not be required to or otherwise limited to, review the following items to be provided by Seller to Buyer: A. All zoning, land use, environmental, building and construction laws and regulations restricting or regulating, or any other requirements or conditions of any governmental or other agency or entity having jurisdiction over, the Property, which would affect the access to, use, occupancy, enjoyment or development of the Property; and that the Property will be fully usable by Buyer for Buyer's intended purposes. By execution of this Agreement, Seller hereby authorizes and grants to Buyer, its agents, employees, and contractors, the right to access to all records held by Seller or its agents, and to interview, appropriate government authorities relative to any phase of the use, occupancy, construction, development, marketing or future use or enjoyment of the Property and/or Building; B. Any soil test, geological studies and surveys and environmental studies or surveys Buyer may cause to be conducted at its own expense, on the Property; C. All soil and subsoil conditions and other physical characteristics of the Property in connection with Buyer's use of the Property, and determining whether, in Buyer's sole and absolute discretion, extraordinary costs for repairs or completion of the Building will be required; D. The nature and location of any easements, covenants, restrictions, agreements, contracts, or other documents or conditions which benefit or affect the Property; E. The size, availability, capacity and cost of all utility services to the Property and the Building; F. An inspection of the physical condition of the Building situated on the Property by a certified engineering firm at Buyer's sole expense; Seller agrees in addition to the foregoing to provide to Buyer within three (3) days of the Effective Date of this Contract copies of all of the following to the extent they exist and are in the Seller's possession or control (and which have not been previously supplied to Buyer): i. Soil tests and all prior engineering tests. ii. As bui...

Investigation Period. The Investigation Period described in Paragraph 3 of the Agreement is hereby extended to expire at 5:00 PM local time in Tampa, Florida, on the date which is two (2) days prior to the Closing Date established in Paragraph 1 above.