Common use of WELL TEST Clause in Contracts

WELL TEST. This Agreement is contingent upon the well water serving the Property passing testing for 247 suitability for drinking as performed by a testing laboratory selected by ▇▇▇▇▇, or required by ▇▇▇▇▇’s Lender 248 prior to Closing. Buyer shall be responsible for ordering, supervising and paying for any such well water sample 249 test. This Agreement shall also be contingent upon said well providing an adequate quantity of water to serve 250 Buyer’s intended purpose for the Property. If Buyer provides a copy of said test along with written notification to 251 Seller and/or Seller’s Broker within days after the Binding Agreement Date that test results are 252 unacceptable, then in such event this Agreement shall automatically terminate, and Holder shall promptly refund the

Appears in 1 contract

Sources: Purchase and Sale Agreement

WELL TEST. This Agreement is contingent upon the well water serving the Property passing testing for 247 268 suitability for drinking as performed by a testing laboratory selected by ▇▇▇▇▇, or required by ▇▇▇▇▇’s Lender 248 Lender, prior 269 to Closing. Buyer shall be responsible for ordering, supervising and paying for any such well water sample 249 test. 270 This Agreement shall also be contingent upon said well providing an adequate quantity of water to serve 250 Buyer’s 271 intended purpose for the Property. If Buyer ▇▇▇▇▇ provides a copy of said test along with written notification to 251 Seller 272 and/or Seller’s Broker within days after the Binding Agreement Date that test results are 252 unacceptable, 273 then in such event this Agreement shall automatically terminate, and Holder shall promptly refund thethe ▇▇▇▇▇▇▇ 274 Money/Trust Money to Buyer. If ▇▇▇▇▇ fails to provide said notice and report, then this contingency shall be 275 deemed to have been waived by ▇▇▇▇▇.

Appears in 1 contract

Sources: Purchase and Sale Agreement