Common use of Buyer’s Due Diligence Clause in Contracts

Buyer’s Due Diligence. All title and property conveyed by City to Buyer shall be conveyed in an "as is" condition, with no warranty, express or implied. Without limitation, City makes no warranties as to the condition of title, the condition of improvements, the condition of the soil, or geology, or the presence of known or unknown contaminants or other faults or defects of any description. Buyer has inspected the Property and its environs and obtained such information and professional advice as Buyer has determined to be necessary related to them, this Agreement and the transactions contemplated herein. It shall be the sole responsibility of Buyer at its expense to investigate and determine the suitability of the soil, environmental and other conditions for the condition of the Property. If such conditions are not in all respects entirely suitable for the use or uses to which the Property will be put, then it is the sole responsibility and obligation of Buyer to take such action as may be necessary to place the soil, environmental and other conditions of the Property in a condition entirely suitable for its development and use.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Buyer’s Due Diligence. All title and property conveyed by City to Buyer shall be conveyed in an "as is" condition, with no warranty, express or implied. Without limitation, City makes no warranties as to the condition of title, the condition of improvements, the condition of the soil, or geology, or the presence of known or unknown contaminants or other faults or defects of any description. Buyer Xxxxx has inspected the Property and its environs and obtained such information and professional advice as Buyer Xxxxx has determined to be necessary related to them, this Agreement and the transactions contemplated herein. It shall be the sole responsibility of Buyer at its expense to investigate and determine the suitability of the soil, environmental and other conditions for the condition of the Property. If such conditions are not in all respects entirely suitable for the use or uses to which the Property will be put, then it is the sole responsibility and obligation of Buyer to take such action as may be necessary to place the soil, environmental and other conditions of the Property in a condition entirely suitable for its development and use.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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