NEW HOME CONSTRUCTION Sample Clauses

NEW HOME CONSTRUCTION. If the property to be sold is completed new construction, under construction, or to □ □ 150 be constructed, check one: 151 A new home construction addendum, with additional terms and conditions, is attached. 152 There is no new home construction addendum. 153 154 INSPECTION AND DUE DILIGENCE PERIOD: BUYER ACKNOWLEDGES THAT THE SALE PRICE OF THE 155 PROPERTY WAS NEGOTIATED BASED UPON THE PROPERTY'S APPARENT CURRENT CONDITION; 156 ACCORDINGLY, SELLER IS NOT OBLIGATED TO MAKE REPAIRS TO THE PROPERTY, INCLUDING 157 REPAIRS REQUIRED BY THE LENDER UNLESS OTHERWISE STATED HEREIN. THE SELLER IS 158 RESPONSIBLE FOR MAINTAINING THE PROPERTY IN SUBSTANTIALLY THE SAME OR BETTER 159 CONDITION AS IT WAS WHEN THE AGREEMENT WAS FULLY EXECUTED. 160 161 BUYER shall have an inspection and due diligence period of ( ) calendar days, commencing the first day 162 after acceptance of this Agreement wherein, BUYER may, at BUYER’S expense, have any inspections made by 163 experts or others of his choosing. Such physical inspections may include, but are not limited to, inspections for 164 termites and other wood destroying insects, and/or damage from same, molds, and fungi hazards, and analysis of 165 synthetic stucco, drywall, appliances, structures, foundations, roof, heating, cooling, electrical, plumbing systems, 166 utility and sewer availability and condition, out-buildings, and square footage. Other due diligence by BUYER may 167 include, but is not limited to investigation into the property’s school district, flood zone classifications, current 168 zoning and/or subdivision restrictive covenants and any items addressed in the SELLER’S Property Disclosure 169 Document. All testing shall be nondestructive testing. SELLER agrees to provide the utilities for inspections and 170 immediate access. If BUYER is not satisfied with the condition of the Property or the results of BUYER’s due 171 diligence investigation, the BUYER may choose one of the following options within the inspection and due 172 diligence period: 173 174 Option 1: BUYER may elect, in writing, to terminate the Agreement and declare the Agreement null and void; or 175 Option 2: BUYER may indicate in writing the deficiencies and desired remedies and SELLER will within seventy 176 two (72) hours respond in writing as to SELLER’s willingness to remedy those deficiencies (“SELLER’s 177 Response”). 178 179 Should SELLER in the SELLER’S Response refuse to remedy any or all of the deficiencies listed by the 180 BUYER, th...
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Related to NEW HOME CONSTRUCTION

  • New Construction If this contract is for a Property that is newly constructed and the new construction option is selected, coverage begins on day one (1) of month thirteen

  • ICIF Construction The ICIF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Parties agree on another mutually acceptable deadline, Interconnection Customer shall deliver to Transmission Provider and Transmission Owner “as-built” drawings, information and documents for the ICIF, such as: a one-line diagram, a site plan showing the Generating Facility and the ICIF, plan and elevation drawings showing the layout of the ICIF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Interconnection Customer’s step-up transformers, the facilities connecting the Generating Facility to the step-up transformers and the ICIF, and the impedances (determined by factory tests) for the associated step-up transformers and the Generating Facility. Interconnection Customer shall provide Transmission Provider and Transmission Owner with Interconnection Customer’s specifications for the excitation system, automatic voltage regulator, Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • DAF Construction The DAF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Developer and Connecting Transmission Owner agree on another mutually acceptable deadline, the Developer shall deliver to the Connecting Transmission Owner and NYISO “as- built” drawings, information and documents for the DAF, such as: a one-line diagram, a site plan showing the Large Generating Facility and the DAF, plan and elevation drawings showing the layout of the DAF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Developer’s step-up transformers, the facilities connecting the Large Generating Facility to the step-up transformers and the DAF, and the impedances (determined by factory tests) for the associated step-up transformers and the Large Generating Facility. The Developer shall provide to, and coordinate with, Connecting Transmission Owner and NYISO with respect to proposed specifications for the excitation system, automatic voltage regulator, Large Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • Cost of Construction 1. During the Schematic Design, Design Development, and Construction Document Phases, the ARCHITECT’s estimates of Construction Cost shall be reconciled against the Budget approved by the DISTRICT pursuant to Article IV, Section 2.

  • General construction 20.2.1. Binding Nature.............................................. 20.2.2. Entire Agreement............................................ 20.2.3. Governing Law............................................... 20.2.4. Indulgences Not Waivers..................................... 20.2.5. Titles Not to Affect Interpretation......................... 20.2.6.

  • Agreement Construction Headings or captions to the provisions of this Agreement are solely for the convenience of the parties, are not part of this Agreement, and shall not be used to interpret or determine the validity of this Agreement. Any ambiguity in this Agreement shall not be construed against the drafter, but rather the terms and provisions hereof shall be given their reasonable interpretation.

  • Liberal Construction The Covenants hereof shall be liberally construed to promote and accomplish the objectives set forth in the Recitals.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • Completion of Construction (a) For the purposes of this Agreement, the terms "

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

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