Common use of Zoning Reports Clause in Contracts

Zoning Reports. Within 20 Business Days after the date hereof, the Parents will jointly retain one or more zoning report service companies to prepare zoning reports for all of the Title Reviewed Properties. The zoning report service companies will be jointly selected by the Parents in good faith and will be reputable and of a size commensurate for the nature of the properties being evaluated. The Parents will direct the zoning report service companies to prepare the zoning reports as promptly as reasonably practicable, and in any case within 30 Business Days of the zoning report service companies’ receipt of the surveys. The Parents will share the costs of such reports in the same proportions as those set forth for the title commitments.