Initial Due Diligence definition
Examples of Initial Due Diligence in a sentence
Seller will have the right to amend the Schedules attached hereto during the Initial Due Diligence Period in the event Seller or Purchaser should determine that the information on such schedule is incomplete or inaccurate (or needs to be updated) and this shall not be an event of default.
Seller and Purchaser will seek to reasonably agree upon such allocations prior to the expiration of the Initial Due Diligence Period and, if agreed upon, such allocations shall be binding on the parties hereto.
Any portion of the Initial Due Diligence Fee paid to Lender not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.
The Borrower has previously paid to the Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to the Lender on the Initial Closing Date.
Borrower has previously paid to Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to Lender on the Initial Closing Date.
Should GSK determine that it would like to consider exercising its Opt-In Right with respect to a Discovery Program prior to the expected or anticipated Initial Due Diligence Date, GSK shall notify Theravance through the Joint Steering Committee and the parties shall use their reasonable efforts to mutually agree on the information requirements and timetables applicable to such a decision.
If Purchaser finds objectionable any exception to title shown in the title insurance commitment, Purchaser shall notify Seller of Purchaser’s objection thereto no later than ten (10) days prior to the expiration date of the Initial Due Diligence Period (as hereinafter defined).
For clarification purposes only, Purchaser agrees that it shall have completed its physical, financial and legal due diligence, including without limitation with respect to title, survey, zoning and land use, permitting and licensing, environmental, engineering, property condition and financial underwriting that Purchaser elects to do, on or before the expiration of the Initial Due Diligence Period, except for any remaining audit work or work on obtaining Hilton approval.
In the event of a termination pursuant to this Section 10.8, Redeveloper shall be entitled to return of the Initial Payment, if such termination occurs within the Initial Due Diligence Period, after which the Initial Payment shall be non-refundable under this Section, and return of the Second Payment, if such termination occurs within the Second Due Diligence Period, provided for under Section 3.3 herein.
Any portion of the Initial Due Diligence Fee Deposit deposited with Lender and not actually used by Lender to cover due diligence expenses shall be refunded to Borrower on the Initial Closing Date.