Common use of Wear and Tear Clause in Contracts

Wear and Tear. Buyer specifically acknowledges that Seller will continue to use the Property in the course of its business and accepts the fact that reasonable wear and tear will occur after the date of this Agreement. Buyer specifically agrees that Seller is not responsible for repairing such reasonable wear and tear and that Buyer is prohibited from raising such wear and tear as a reason for not consummating this transaction or for requesting a reduction in the Exchange Value.

Appears in 14 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc), Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc), Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc)

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Wear and Tear. Buyer specifically acknowledges that Seller will continue to use the Property in the course of its business and accepts the fact that reasonable wear and tear will occur after the date of this Agreement. Buyer specifically agrees that Seller is not responsible for repairing such reasonable wear and tear and that Buyer is prohibited from raising such wear and tear as a reason for not consummating this transaction or for requesting a reduction in the Exchange ValuePurchase Price.

Appears in 3 contracts

Samples: Lease Agreement (Dts, Inc.), Agreement of Purchase and Sale and Joint Escrow Instructions (TNP Strategic Retail Trust, Inc.), Agreement of Purchase and Sale (Regency Realty Corp)

Wear and Tear. Buyer specifically acknowledges that Seller will continue to use the Property property in the course of its business and accepts the fact that reasonable wear and tear will occur after the date of this Agreement. Buyer specifically agrees that Seller is not responsible for repairing such reasonable wear and tear and that Buyer is prohibited from raising such wear and tear as a reason for not consummating this transaction or for requesting a reduction in the Exchange Value.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc)

Wear and Tear. Buyer specifically acknowledges that Seller will continue to use the Property in the course of its business and accepts the fact that reasonable wear and tear will occur after the date of this Agreement. Buyer Xxxxx specifically agrees that Seller is not responsible for repairing such reasonable wear and tear and that Buyer is prohibited from raising such wear and tear as a reason for not consummating this transaction or for requesting a reduction in the Exchange ValuePurchase Price.

Appears in 1 contract

Samples: Termination of Lease Agreement

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Wear and Tear. Buyer specifically acknowledges that Seller seller will continue to use the Property in the course of its business and accepts the fact that reasonable wear and tear will occur after the date of this Agreement. Buyer specifically agrees that Seller is not responsible for repairing such reasonable wear and tear and that Buyer is prohibited from raising such wear and tear as a reason for not consummating this transaction or for requesting a reduction in the Exchange Value.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc)

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