Purchaser’s own inquiries Sample Clauses
The 'Purchaser’s own inquiries' clause establishes that the buyer is responsible for conducting their own investigations and due diligence regarding the property or subject matter of the contract. In practice, this means the purchaser cannot rely solely on the seller’s representations or information provided, and should independently verify details such as zoning, planning permissions, or the condition of the property. This clause serves to protect the seller from liability for any issues the buyer could have discovered through reasonable inquiry, ensuring that the risk of inadequate investigation rests with the purchaser.
Purchaser’s own inquiries. Without limiting the provisions of Special Condition 2 of this Agreement, the Purchaser acknowledges and agrees that:
(a) it has had sufficient opportunity to make its own inquiries and investigations about:
(i) the State of the Land and Groundwater;
(ii) the remediation works disclosed to the Purchaser in the Vendor’s Environmental Reports; and
(iii) the location and nature of any existing services, and is satisfied with the results and findings of those inquiries and investigations; and
(b) where it has not made (or otherwise procured or commissioned the making of) any inquiries or investigations about the State of the Land and Groundwater, then the Purchaser:
(i) has determined of its own volition (and without reliance upon any statement(s) or representation(s) made by or on behalf of the Vendor) that such inquiries and investigations are unnecessary; and
(ii) is satisfied (or is otherwise deemed to be satisfied) with the State of the Land and Groundwater.
Purchaser’s own inquiries. The Purchaser acknowledges and agrees that:
(a) it has had the opportunity to make its own inquiries and investigations into and about:
(i) the State of the Land and/or the Groundwater; and
(ii) the location of the Land and its ambience, including its proximity to a range of commercial, industrial, road and transport, entertainment and other uses; and
(b) it is in any event deemed to have made and relied upon its own inquiries and investigations into and about:
(i) the location of the Land and its ambience; and
(ii) the State of the Land and/or the Groundwater.
Purchaser’s own inquiries. Without prejudice to its reliance on the Vendor Warranties, the Purchaser has examined all of the information concerning the Purchased Assets obtained independently by the Purchaser or supplied to it by or on behalf of the Vendor; obtained such independent advice as it considers necessary; made such inquiries of the Vendor as it considers necessary; has knowledge and experience in mining, legal, tax and financial matters; has fully and completely evaluated the merits and risks associated with the purchase of the Purchased Assets; and is aware of the actual and potential risks for a transaction of this nature that are generally known within the global mining industry and within the jurisdiction to which the Purchased Assets relates. The representations and warranties in this Section 3.2 shall survive the Closing and continue in full force and effect for a period of one year from the Closing Date.