Common use of Zoning Contingency Clause in Contracts

Zoning Contingency. This Agreement is subject to Purchaser obtaining all zoning approvals and other approvals, including the issuance of building permit from all government agencies having jurisdiction to construct the improvements substantially incompliance with the Cash Equivalency Consideration and the Project as defined in Section 1(b) above. Purchaser agrees to make application for said Xxxxxx Approvals within sixty (60) days after expiration of the Due Diligence Contingency. The acceptability of such approvals and conditions shall be in the sole discretion of the Purchaser. In the event Purchaser has not received all such approvals and permits necessary for construction of the improvements with the expiration of all appeal periods one hundred and twenty (120) days after filing of applications, Purchaser may terminate this Agreement with the Seller returning the Cash Deposit to Purchaser and the parties release of all liability each to the other hereafter and this Agreement shall be null and void. Seller agrees to be co-applicant with the Purchaser on all applications contemplated herein and to suppress said applications. Under no circumstances shall Seller reimburse Purchaser for its Due Diligence, Financing or Zoning Approval expenses Purchaser shall have the right to extend the Zoning Contingency until decisions have been rendered for all applications and all appeal periods have lapsed. [Signatures on following page]

Zoning Contingency. This Agreement is subject to Purchaser obtaining all zoning approvals and other approvals, including the issuance of building permit from all government agencies having jurisdiction to construct the improvements substantially incompliance with the Cash Equivalency Consideration and the Project as defined in Section 1(b) above. Purchaser agrees to make application for said Xxxxxx Zoning Approvals within sixty (60) days after expiration of the Due Diligence Contingency. The acceptability of such approvals and conditions shall be in the sole discretion of the Purchaser. In the event Purchaser has not received all such approvals and permits necessary for construction of the improvements with the expiration of all appeal periods one hundred and twenty (120) days after filing of applications, Purchaser may terminate this Agreement with the Seller returning the Cash Deposit to Purchaser and the parties release of all liability each to the other hereafter and this Agreement shall be null and void. Seller agrees to be co-applicant with the Purchaser on all applications contemplated herein and to suppress said applications. Under no circumstances shall Seller reimburse Purchaser for its Due Diligence, Financing or Zoning Approval expenses Purchaser shall have the right to extend the Zoning Contingency until decisions have been rendered for all applications and all appeal periods have lapsed. [Signatures on following page]