Contingency Date definition
Examples of Contingency Date in a sentence
This Agreement shall terminate and Buyer shall receive a refund of the ▇▇▇▇▇▇▇ money unless Buyer gives notice that the Feasibility Contingency is satisfied to Seller before 5:00pm on the Feasibility Contingency Date.
Buyer must have determined, on or before the Contingency Date, that it is satisfied with the results of and matters disclosed by a Phase I Environmental Report with regard to the Real Property (“Phase I”) (if obtained by Buyer) and any other soil tests, engineering inspections, hazardous waste, and environmental reviews of the Property, all such tests, inspections, and reviews to be obtained at Buyer’s sole cost and expense.
If such notice is timely given, the feasibility contingency shall be deemed to be satisfied and Buyer shall be deemed to have accepted and waived any objection regarding any aspects of the Property as they exist on the Feasibility Contingency Date.
After the Feasibility Contingency Date, Seller shall not enter into or modify existing rental agreements or leases, service contracts, or other agreements affecting the Property which have terms extending beyond Closing without obtaining Buyer's consent, which shall not be withheld unreasonably.
Buyer shall notify Seller of any objectionable matters in the title report or any supplemental report within the earlier of: 20 days after receipt of the preliminary commitment for title insurance; or the Feasibility Contingency Date.