Property Conditions. Sellers agree that for a period of time commencing upon the date of this Agreement and continuing until 5 business days before Closing (the "Review Period"), Purchaser, personally or through its authorized agents or representatives, shall have the right to make any and all physical inspections of the Property which Purchaser may desire to make or to have made and to make all such other inspections, surveys, tests or other studies (including, but not limited to, environmental assessments and evaluations) as Purchaser deems necessary or desirable. Purchaser, and its authorized agents and representatives, with prior notice to Sellers, may enter upon the Property for the purpose of conducting those inspections, surveys, tests, and studies. If Purchaser shall determine that the condition of the Property is not in compliance with any governmental regulations (including environmental regulations), then upon discovery Purchaser must promptly give written notice to Sellers (but in no event later than the last day of the Review Period) of such condition. Upon receipt of such notice, Sellers shall have the option, but not the obligation, to (a) cure or remedy such condition to the satisfaction of Purchaser (if current remediation of such condition is required by a governmental agency, Sellers agree that the condition shall be remedied in accordance with and to the satisfaction of the appropriate agency's requirements); or (b) agree with Purchaser on a reduction to the Purchase Price, which reduction shall reflect Purchaser's cost to remedy such condition. If the condition cannot be cured or remedied to Purchaser's satisfaction and if agreement cannot be reached on reduction to the Purchase Price, then the affected Property may be excluded by Purchaser from the Property to be acquired by Purchaser hereunder and the Purchase Price shall be reduced according to the value of the affected Property (or that portion of such Property so affected) as determined by the allocated value shown on Schedule 2. In the event the parties fail to agree upon the implementation of either subclause (a) or (b) prior to Closing, and if a reduction of more than 20% in the Purchase Price results from the exclusion by Purchaser of the affected Property, Purchaser may terminate this Agreement by delivery of written notice so indicating to Sellers, in which event this Agreement shall terminate, and the parties hereto shall have no further rights or obligations under this Agreement. Notwithstandi...
Property Conditions. The Parties agree that upon completion of Purchaser’s operations the Property shall be left in a condition consistent with the University’s designation of the Property as future development property. Therefore:
Property Conditions. THIS SALE OF THE EQUIPMENT AND ALL OTHER PERSONAL PROPERTY THAT IS A PART OF THE PROPERTY IS MADE ON AN "AS IS, WHERE IS" BASIS WITH ALL FAULTS AS TO ITS CONDITION, AND SELLER EXPRESSLY DISCLAIMS ALL WARRANTIES AS TO THE CONDITION OF THE EQUIPMENT (NOTE, HOWEVER, THERE ARE CERTAIN WARRANTIES AS TO TITLE AS HEREIN SET FORTH) INCLUDING, WITHOUT LIMITATIONS, THE
Property Conditions. Each Property is free of material structural defects, and all building systems contained therein are in good working order in all material respects, subject to ordinary wear and tear.
Property Conditions. Landlord will allow Property Manager to make necessary repairs to the property to offer tenants a quality home. If Property Manager feels that Landlord is not offering a good quality of living for the tenants, Property Manager may terminate this contract.
Property Conditions. The PRODUCER agrees to leave Property in as good order and condition as it was immediately prior to any use of property pursuant to this AGREEMENT, and to pay for any physical damage, reasonable wear and tear excepted, that may occur through the use of said property by the PRODUCER. The PRODUCER will use reasonable care to prevent damage to said Property, and will indemnify the OWNER, and all other parties lawfully in possession, of said Property, and hold each of them harmless from any claims and demands of any person or persons arising out of or based upon personal injuries, death or property damage suffered by such person or persons resulting directly from any act of negligence on PRODUCERS’ part in connection with PRODUCERS’ use of the Property.
Property Conditions. The Agreement shall contain the minimum mandatory conditions required by state law, including, but not limited to, provisions related to maintenance or rehabilitation of the property, explanation of conditions for non-renewal or revocation, and requirements for access by government officials for owner’s compliance with the Agreement.
Property Conditions. THIS SALE OF THE EQUIPMENT AND ALL OTHER PERSONAL PROPERTY THAT IS A PART OF THE PROPERTY IS MADE ON AN "AS IS, WHERE IS" BASIS WITH ALL FAULTS AS TO ITS CONDITION, AND SELLER EXPRESSLY DISCLAIMS ALL WARRANTIES AS TO THE CONDITION OF THE EQUIPMENT (NOTE, HOWEVER, THERE ARE CERTAIN WARRANTIES AS TO TITLE AS HEREIN SET FORTH) INCLUDING, WITHOUT LIMITATIONS, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE. Seller agrees that for a period of time commencing with the date of the letter of intent dated October 17, 1996, above described, and continuing until five (5) business days before Closing (the "Review Period"), Purchaser, personally or through its authorized agents or representatives, shall have the right to make any and all physical inspections of the Property which Purchaser may desire to make or to have made and to make all such other inspections, surveys, tests, or other studies (including, but not limited
Property Conditions. Seller shall deliver the Property to Buyer at the time agreed in its present "as is" condition, except that Seller shall have right to remove from the Property anything which the Seller considers, in it's sole discretion, to be of value prior to closing or within ninety (90) days after closing. Seller makes no warranties except that to the best of Seller's knowledge without making any investigation, no Hazardous Substances exist as further defined in Section 20. By accepting the Property "as is", Buyer waives all claims against Seller for any defects in the Property.
Property Conditions. Seller and Buyer acknowledge that various substances used in the construction of the improvements on the Property or otherwise located on the Property may now or in the future be determined to be toxic, hazardous or undesirable and may need to be specially treated, handled and or removed from the Property. Persons who have an interest in the Property may be required by law to undertake the clean‑up of such substances. Buyer and Seller acknowledge that: Brokers have no expertise with respect to toxic wastes, hazardous substances or undesirable substances; such substances can be extremely costly to correct and remove; Brokers have made no investigations or representations with respect to such substances; and Brokers shall have no liability to Buyer regarding the presence of said substances on the Property. Seller and Buyer release Broker and Broker's Affiliated Licensees from any claim, rights of action or suits relating to the presence of any hazardous substances, toxic wastes, or undesirable substances on the Property.
