Common use of Purchasers Rights and Obligations Clause in Contracts

Purchasers Rights and Obligations. During the Due Diligence Period, Purchaser shall have the right, at Purchaser’s sole cost and expense, to examine any and all matters in connection with the Subject Property, including, without limitation, the physical and environmental condition of the Property (including but not limited to Phase I and, if warranted in Purchaser’s sole discretion, Phase II environmental studies and reports). The matters set forth in the preceding sentence are hereinafter collectively referred to as the “Purchaser’s Examinations.” Seller agrees to reasonably cooperate with Purchaser during this process, including without limitation, executing any reasonably necessary documents related thereto, including without limitation the requisite Seller Questionnaire in connection with a Phase I environmental site assessment. If Purchaser determines, in Purchaser’s sole and absolute discretion, that any of Purchaser’s Examinations, or results relating thereto, are not, for any reason, satisfactory to Purchaser or are not conducive to Purchaser’s plans or tentative plans for the use and/or development of the Subject Property, the Purchaser may terminate this Agreement by written notice to Seller delivered at any time within five (5) days after the expiration of the Due Diligence Period (the “Termination Date”). In the event of such a termination by Purchaser on or prior to the Termination Date, this Agreement shall thereafter be without any further force or effect. Purchaser shall not provide Seller or any agent or representative of Seller with copies of or information relating to any reports or documents generated by Purchaser’s investigations or inspections of the Subject Property conducted during Purchaser’s Due Diligence Period. In the event Purchaser does not exercise its right of termination and this transaction closes, Purchaser agrees to accept the Subject Property in “AS IS” condition.

Purchasers Rights and Obligations. During the Due Diligence Period, Purchaser shall have the right, at Purchaser’s sole cost and expense, to examine any and all matters in connection with the Subject Property, including, without limitation, the physical and environmental condition of the Property (including but not limited to Phase I and, if warranted in Purchaser’s sole discretion, Phase II environmental studies and reports). The matters set forth in the preceding sentence are hereinafter collectively referred to as the “Purchaser’s Examinations.” Seller agrees to reasonably cooperate with Purchaser during this process, including without limitation, executing any reasonably necessary documents related thereto, including without limitation the requisite Seller Questionnaire in connection with a Phase I environmental site assessment. If Purchaser determines, in Purchaser’s sole and absolute discretion, that any of Purchaser’s Examinations, or results relating thereto, are not, for any reason, satisfactory to Purchaser or are not conducive to Purchaser’s plans or tentative plans for the use and/or development of the Subject Property, the Purchaser may terminate this Agreement by written notice to Seller delivered at any time within five (5) days after the expiration of the Due Diligence Period (the “Termination Date”). In the event of such a termination by Purchaser on or prior to the Termination Date, this Agreement shall thereafter be without any further force or effect. Purchaser shall not provide Seller or any agent or representative of Seller with copies of or information relating to any reports or documents generated by Purchaser’s investigations or inspections of the Subject Property conducted during Purchaser’s Due Diligence Period. In the event Purchaser does not exercise its right of termination and this transaction closes, Purchaser Xxxxxxxxx agrees to accept the Subject Property in “AS IS” condition.

Purchasers Rights and Obligations. During the Due Diligence Period, Purchaser shall have the right, at Purchaser’s sole cost and expense, to examine any and all matters in connection with the Subject Property, including, without limitation, the physical and environmental condition of the Subject Property (including but not limited to Phase I andI, if warranted in Purchaserprovided that any invasive tasting, including but not limited to a Phase II, shall be subject to Seller’s sole discretion, Phase II environmental studies and reportswritten approval). The matters set forth in the preceding sentence are hereinafter collectively referred to as the “Purchaser’s Examinations.” Seller agrees to reasonably cooperate with Purchaser during this process, including without limitation, executing any reasonably necessary documents related thereto, including without limitation the requisite Seller Questionnaire in connection with a Phase I environmental site assessment. If Purchaser determines, in Purchaser’s sole and absolute discretion, that any of Purchaser’s Examinations, or results relating thereto, are not, for any reason, satisfactory to Purchaser or are not conducive to Purchaser’s plans or tentative plans for the use and/or development of the Subject Property, the Purchaser may terminate this Agreement by written notice to Seller delivered at any time within five (5) days after on or prior to the expiration of the Due Diligence Period (the “Termination Date”). In the event of such a termination by Purchaser on or prior to the Termination Date, this Agreement shall thereafter be without any further force or effecteffect except for those matters which expressly survive the termination of this Agreement. Purchaser shall not provide Seller or any agent or representative of Seller with copies of or information relating to any reports or documents generated by Purchaser’s investigations or inspections of the Subject Property conducted during Purchaser’s Due Diligence Period. In the event Purchaser does not exercise its right of termination and this transaction closes, Purchaser agrees to accept the Subject Property in “AS IS” condition.

Purchasers Rights and Obligations. During the Due Diligence Period, Purchaser shall have the right, at Purchaser’s sole cost and expense, to examine any and all matters in connection with the Subject Property, including, without limitation, the physical and environmental condition of the Subject Property (including but not limited to Phase I andI, if warranted in Purchaserprovided that any invasive tasting, including but not limited to a Phase II, shall be subject to Seller’s sole discretion, Phase II environmental studies and reportswritten approval). The matters set forth in the preceding sentence are hereinafter collectively referred to as the “Purchaser’s Examinations.” Seller Xxxxxx agrees to reasonably cooperate with Purchaser during this process, including without limitation, executing any reasonably necessary documents related thereto, including without limitation the requisite Seller Questionnaire in connection with a Phase I environmental site assessment. If Purchaser determines, in Purchaser’s sole and absolute discretion, that any of Purchaser’s Examinations, or results relating thereto, are not, for any reason, satisfactory to Purchaser or are not conducive to Purchaser’s plans or tentative plans for the use and/or development of the Subject Property, the Purchaser may terminate this Agreement by written notice to Seller delivered at any time within five (5) days after on or prior to the expiration of the Due Diligence Period (the “Termination Date”). In the event of such a termination by Purchaser on or prior to the Termination Date, this Agreement shall thereafter be without any further force or effecteffect except for those matters which expressly survive the termination of this Agreement. Purchaser shall not provide Seller or any agent or representative of Seller with copies of or information relating to any reports or documents generated by Purchaser’s investigations or inspections of the Subject Property conducted during Purchaser’s Due Diligence Period. In the event Purchaser does not exercise its right of termination and this transaction closes, Purchaser Xxxxxxxxx agrees to accept the Subject Property in “AS IS” condition.

Purchasers Rights and Obligations. During the Due Diligence Period, Purchaser shall have the right, at Purchaser’s sole cost and expense, to examine any and all matters in connection with the Subject Property, including, without limitation, the physical and environmental condition of the Property (including but not limited to Phase I and, if warranted in Purchaser’s sole discretion, Phase II environmental studies and reports). The matters set forth in the preceding sentence are hereinafter collectively referred to as the “Purchaser’s Examinations.” Seller agrees to reasonably cooperate with Purchaser during this process, including without limitation, executing any reasonably necessary documents related thereto, including without limitation the requisite Seller Questionnaire in connection with a Phase I environmental site assessment. If Purchaser determines, in Purchaser’s sole and absolute discretion, that any of Purchaser’s Examinations, or results relating thereto, are not, for any reason, satisfactory to Purchaser or are not conducive to Purchaser’s plans or tentative plans for the use and/or development of the Subject Property, the Purchaser may terminate this Agreement by written notice to Seller delivered at any time within five (5) days after the expiration of the Due Diligence Period (the “Termination Date”). In the event of such a termination by Purchaser on or prior to the Termination Date, this Agreement shall thereafter be without any further force or effect. Purchaser shall not provide Seller or any agent or representative of Seller with copies of or information relating to any reports or documents generated by Purchaser’s investigations or inspections of the Subject Property conducted during Purchaser’s Due Diligence Period. In the event Purchaser does not exercise its right of termination and this transaction closes, Purchaser agrees to accept the Subject Property in “AS IS” condition.