Inspection Period definition

Inspection Period. Shall have the meaning given to it in Section 4.1.

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Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

Inspection Period has the meaning set forth in Section 2.07.

Examples of Inspection Period in a sentence

Purchaser shall have through the last day of the Inspection Period in which to (a) examine, inspect, and investigate the Property Documents and the Property and, in Purchaser’s sole and absolute judgment and discretion, determine whether the Property is acceptable to Purchaser, (b) obtain all necessary internal approvals, and (c) satisfy all other contingencies of Purchaser, including, without limitation, obtaining financing for the acquisition of the Property.
During the Inspection Period, Purchaser shall review title to the Property as disclosed by the Title Report and any survey provided to or obtained by Purchaser.
Following the end of the Inspection Period, if Purchaser receives any supplement to the Title Report disclosing additional title exceptions which adversely affect title to the Property and are not caused by any act of Purchaser (“New Exception”), then Purchaser may disapprove any New Exception by delivering a notice of objection (each, a “New Exception Notice”) by the date that is five (5) Business Days after such New Exception is disclosed to Purchaser.
However, if Purchaser elects to terminate this Agreement prior to the expiration of the Inspection Period pursuant to Section 4.4, Escrow Agent shall pay the Initial Deposit (less the Independent Consideration) to Purchaser one (1) Business Day following Escrow Agent’s receipt of the Due Diligence Termination Notice from Purchaser (or as soon as the current investment can be liquidated and disbursed).
Subject to Section 5.3 below, S▇▇▇▇▇ further agrees to remove any exceptions or encumbrances to title which are voluntarily created by Seller after the last day of the Inspection Period without Purchaser’s consent (if requested, such consent shall not be unreasonably withheld or delayed prior to the expiration of the Inspection Period).

More Definitions of Inspection Period

Inspection Period means the period beginning on the Effective Date and ending at 5:00 p.m. local time at the Property on March 2, 2015.

Inspection Period shall have the meaning set forth in Section 5.13(b).

Inspection Period has the meaning ascribed to such term in Section 5.1(a).

Inspection Period means the period of time which expires at the end of business on the thirtieth (30th) day after the date of execution by the last of Buyer or Seller to execute this Agreement and transmit a copy of the fully executed Agreement to the other. If such expiration date is a weekend or national holiday, the Inspection Period shall expire at the end of business on the next immediately succeeding business day.

Inspection Period as used herein, shall mean the period ending at 5:00 p.m. Boston time on the date which is thirty (30) days after the date of this Agreement. Buyer shall have the right to terminate this Agreement, in its sole discretion, by giving written notice of such election to Seller on any day prior to and including the final day of the Inspection Period, in which event the Initial Deposit shall be returned forthwith to Buyer and, except as expressly set forth herein, neither party shall have any further liability or obligation to the other hereunder. In the absence of such written notice, the contingency provided for in this Section 6.02 shall no longer be applicable, Buyer shall be deemed to have waived its right to terminate under this Section 6.02, and this Agreement shall continue in full force and effect.

Inspection Period means the period commencing with the Effective Date and ending at 5:00 p.m. of the day that is ninety (90) days thereafter in order to perform the due diligence and inspection described in Article V of the Contract.

Inspection Period has the meaning set forth in Section 9.01(b)(ii).