Property Inspection Contingency Sample Clauses

Property Inspection Contingency. This offer is subject to inspection(s) of the property pursuant to the terms and conditions of the Property Inspection Addendum. □ (f ) Other Contingency(s). .
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Property Inspection Contingency. Purchaser’s obligation to close under this Contract is is not subject to a property inspection contingency. If this Contract is subject to a property inspection contingency, the parties must execute a Property Inspection Contingency Addendum which shall become part of this Contract.  
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Property Inspection Contingency. Subject to the terms of Paragraph 11, Xxxxx and Seller agree that the Property is being sold in its present, “AS IS” condition, with no warranties, expressed or implied, and that conditions of the Property that are visible on a reasonable inspection by the Buyer should either be taken into account by the Buyer in the Purchase Price, or the Buyer should make the correction of these conditions by Seller arequirement of the Contract; this provision shall survive Closing and delivery of Seller’s deed to the Buyer.
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Property Inspection Contingency. Purchaser and Purchaser's agent shall have the right to make a thorough examination of the property within thirty (30) days of the date of full execution of this Purchase Agreement. Purchaser shall advise the Seller, in writing within ten (10) days of the expiration of said thirty (30) day inspection period of any defects or conditions deemed unacceptable by the Purchaser. Seller shall, at Seller's option, either correct such conditions to Purchaser's satisfaction at Seller's expense or terminate this Purchase Agreement and refund all xxxxxxx money to Purchaser. Purchaser shall have the right to reinspect the property within five (5) days of the date of closing. Seller covenants and agrees that Seller shall maintain the property in its present condition until the date of closing and shall repair or correct any conditions noted by Purchaser upon reinspection which have occurred or arisen since the date of Purchaser's original inspection.
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Property Inspection Contingency. SELLER agrees to have all utilities in service at the time of the BUYER’S inspection. BUYER at BUYER’S expense, reserves the right to retain a New York State Licensed Home Inspector, Architect, or Engineer to make the following inspections to determine if there are any MAJOR defects: (check inspections desired) [ ] [ ] structural [ ] electrical [ ] plumbing [ ] heating [ ] radon [ ] pest infestation [ ] lead other (specify)
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Property Inspection Contingency. (a) For a period of twenty-one (21) days after November 17, 1997 (such period, the "Inspection Period"; the last day of such period, December 8, 1997, the "Inspection Period Expiration Date"), Purchaser and its employees, consultants, agents and independent contractors shall have the right and permission to enter upon the Property at reasonable times for the purpose of conducting studies, inspections and tests, including, without limitation, physical, geotechnical and environmental tests and inspections and such other tests and inspections as Purchaser deems appropriate. The foregoing studies, inspections and tests shall be conducted at the sole cost and expense of Purchaser. Notwithstanding the foregoing, Seller shall be responsible for fifty percent (50%) of Purchaser's out-of-pocket costs in the event that (a) Seller shall fail to procure the Settlement Agreement, or (b) Purchaser shall elect to terminate this Agreement under the provisions of Paragraph 5(e) below; provided that in no event shall Seller's liability for such costs exceed Five Thousand Dollars ($5,000.00). Such reimbursement by Seller, if applicable, shall be made within five (5) business days after Purchaser provides Seller with written evidence of such out-of-pocket costs. The aforesaid liability of Seller, if any, is cumulative with the liability, if any, of Xxxx Xxxxx pursuant to that certain letter executed by Xxxx Xxxxx for the benefit of Purchaser.
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Property Inspection Contingency. Buyer acceptance of the condition of, and any other matter affecting the Property, is a contingency of this agreement. Within the contingency period of days, Buyer, at the Buyer’s expenses, may have inspections, certifications and/or investigations completed by properly licensed or otherwise qualified professionals and may include, but are not limited to: structural components, roof, exterior windows and exterior doors, swimming pools, hot tubs and spa, appliances, plumbing, heating and cooling systems.
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Property Inspection Contingency. From and after the full execution and delivery of this Agreement through and including January 10, 1998 (such period, the "Inspection Period"; the last day of such period, the "Inspection Period Expiration Date"), Purchaser and its employees, consultants, agents and independent contractors shall have the right and permission:
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Property Inspection Contingency. (a) For a period of thirty (30) days after the full execution and delivery of this Agreement (such period, the "Inspection Period"; the last day of such period, the "Inspection Period Expiration Date"), Purchaser and its employees, consultants, agents and independent contractors shall have the right and permission to enter upon the Property at reasonable times for the purpose of conducting studies, inspections and tests, including, without limitation, physical, geotechnical and environmental tests and inspections and such other tests and inspections as Purchaser deems appropriate. Without limiting the generality of the foregoing, Purchaser shall have the right to review any and all files and other records and data relating to the management, maintenance and operation of the Property, including, without limitation, all warranties, guaranties and agreements relating or pertaining to the Property, as-built plans and specifications for the buildings thereon and all site plans and studies in respect of the Property, and any and all financial information with respect to the management, maintenance and operation of the Property (collectively, the "Financial Information"), including, without limitation, all records and books of account, or copies thereof, relating to the Property. The foregoing studies, inspections and tests shall be conducted at the sole cost and expense of Purchaser.
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Related to Property Inspection Contingency

  • Property Inspection The Servicer is required to inspect each Delinquent Mortgaged Property at such time and in such manner as is in accordance with Prudent Servicing Practices. The Servicer must prepare a Property Inspection Report following each inspection. All Property Inspection Reports must be retained by the Servicer and copies thereof must be forwarded to the Master Servicer promptly upon request. All expenses related to the foregoing shall be recoverable by the Servicer from the Principal or from Liquidation Proceeds, Insurance Proceeds, payments on the related Mortgage Loan or any other source relating to the related Mortgage Loan or the related Mortgaged Property. The foregoing shall not preclude the Servicer from recovering such expenses from the Borrower to the extent permitted by applicable law and the related Mortgage Loan Documents.

  • Property Inspections The Servicer shall conduct property inspections in accordance with the milestones of the repair and rehabilitation plan for such Mortgaged Property and prepare Property Inspection Reports on any Mortgaged Property involving property damage over $15,000. The Servicer shall furnish a copy of the repair and rehabilitation plan for such Mortgaged Property to the Master Servicer upon request.

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Environmental Audit Upon reasonable notice, Director shall have the right but not the obligation to conduct or cause to be conducted by a firm acceptable to Director, an environmental audit or any other appropriate investigation of the Premises for possible environmental contamination. Such investigation may include environmental sampling and equipment and facility testing, including the testing of secondary contamination. No such testing or investigation shall limit Tenant’s obligations hereunder or constitute a release of Tenant’s obligations therefor. Tenant shall pay all costs associated with said investigation in the event such investigation shall disclose any Hazardous Materials contamination as to which Tenant is liable hereunder.

  • Due Diligence Examination At any time during the Review Period, and thereafter through Closing of the Property, Buyer and/or its representatives and agents shall have the right to enter upon the Property at all reasonable times for the purposes of reviewing all Records and other data, documents and/or information relating to the Property and conducting such surveys, appraisals, engineering tests, soil tests (including, without limitation, Phase I and Phase II environmental site assessments), inspections of construction and other inspections and other studies as Buyer deems reasonable and necessary or appropriate to evaluate the Property, subject to providing reasonable advance notice to Seller unless otherwise agreed to by Buyer and Seller (the “Due Diligence Examination”). Seller shall have the right to have its representative present during Buyer’s physical inspections of its Property, provided that failure of Seller to do so shall not prevent Buyer from exercising its due diligence, review and inspection rights hereunder. Buyer agrees to exercise reasonable care when visiting the Property, in a manner which shall not materially adversely affect the operation of the Property.

  • Environmental Remediation Failure to remediate (or pursue the remediation process with due diligence and good faith) within the time period required by law or governmental order, (or within a reasonable time in light of the nature of the problem if no specific time period is so established), environmental problems in violation of Applicable Law related to Properties of the Borrower and/or its Subsidiaries where the estimated cost of remediation is in the aggregate in excess of Seventy-Five Million Dollars ($75,000,000), in each case after all administrative hearings and appeals have been concluded.

  • Property Insurance Building Improvements and Rental Value 9.2.1 Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. If the coverage is available and commercially appropriate, such policy or policies shall insure against all types of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee’s personal property shall be insured by Lessee not by Lessor unless the item in question has become the property of Lessor under the terms of this Lease.

  • Environmental Inspection 13 ARTICLE XI....................................................................14 11.1 Modifications...................................................14 ARTICLE XII...................................................................15 12.1

  • Environmental Audits There are no environmental audits, evaluations, assessments, studies or tests relating to the Corporation except for ongoing assessments conducted by or on behalf of the Corporation in the ordinary course.

  • Phase I a. In Phase I, the project will be connected as a tap to the Transmission Owner’s 230kV transmission line MWP-2 via one 230kV circuit breaker in series with one of two ring bus breakers for stuck breaker protection (one in each direction) and a tie-line breaker, as shown on the one-line diagram labeled CL-E-IA-01 attached to this Appendix A as Figure 1. The changes to the existing MWP-2 line protection for this arrangement are described in Phase I System Upgrades in Section II of this Appendix A.

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