Acknowledgment of Inspection Sample Clauses
The Acknowledgment of Inspection clause serves to confirm that a party has had the opportunity to inspect goods, property, or services before finalizing an agreement. In practice, this clause typically requires the buyer or recipient to state that they have examined the item in question and are satisfied with its condition, or that they have chosen to waive the inspection. By including this clause, the contract helps prevent future disputes over the condition or quality of the subject matter by documenting that the party accepted it as-is at the time of agreement.
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Acknowledgment of Inspection. Purchaser acknowledges and agrees that (a) Purchaser had an opportunity to inspect the Property and its operation prior to the Effective Date, (b) if this transaction is consummated, Purchaser will be purchasing the Property pursuant to Purchaser’s independent examination, study, inspection and knowledge of the Property, and (c) Purchaser is relying upon its own determination of the value and condition of the Property and not on any information provided or to be provided by Seller. Purchaser is relying solely upon its own inspections, investigations, research and analyses in entering into this Agreement and is not relying in any way upon any representations or warranties (except those expressly provided in Section 5), statements, plans, specifications, cost estimates, studies, reports, descriptions, guidelines or other information or material furnished by Seller or its representatives to Purchaser or its representatives, whether oral or written, express or implied, of any nature whatsoever regarding any such matters. With respect to any Personal Property being conveyed hereunder, Purchaser shall not rely on any list of such property compiled by Seller, but rather, Purchaser shall compile its own list for review by Seller.
Acknowledgment of Inspection. Purchaser acknowledges and agrees that (a) prior to execution of this Agreement, ▇▇▇▇▇▇▇▇▇ had the opportunity to inspect the Property and its operation,
Acknowledgment of Inspection. Purchaser acknowledges and agrees that (a) the Agreement gives Purchaser the opportunity to inspect the Property and its operation, (b) if the transaction under the Agreement is consummated, Purchaser will be purchasing the Property pursuant to Purchaser’s independent examination, study, inspection, and knowledge of the Property, and (c) Purchaser is relying upon its own determination of the value and condition of the Property and not on any information provided or to be provided by Seller. Purchaser is relying solely upon its own inspections, investigations, research, and analyses in entering into the Agreement and is not relying in any way upon any representations or warranties (except those expressly provided in the Purchase Agreement, if any), statements, plans, specifications, cost estimates, studies, reports, descriptions, guidelines, or other information or material furnished by Seller or its representatives to Purchaser or its representatives, whether oral or written, express or implied, of any nature whatsoever regarding any such matters.
Acknowledgment of Inspection a. Seller acknowledges having given, and Purchaser for itself and its employees, consultants, agents and independent contractors acknowledge having received, for a period prior to the Closing, the right and permission:
i. To review originals and photocopies of the following documents:
(1) The Leases and all new leases and tenancies permitted pursuant to this Agreement.
(2) The Contracts and all new contracts permitted pursuant to this Agreement.
(3) The Plans in possession of Seller.
(4) Operating Statements of the Property for the calendar years 1996 through 1997, showing in reasonable detail all income and expenses of the Property for each such year, together with copies of the real estate tax bills for the two (2) most recent tax years, including the list of October 1, 1997.
(5) Photocopies of environmental reports generated by Seller's environmental consultants related to the Property in Seller's possession referenced herein in Exhibit H.
ii. To enter upon the Property at reasonable times for the purpose of reviewing, conducting studies, inspections and tests, including, without limitation, physical tests and inspections, and such other tests and inspections as Purchaser deemed appropriate. The Purchaser has not performed, or caused to be performed, any "Phase II" type environmental assessment or sampling of soil, surface water, groundwater, air, other media or improvements at or in connection with the Property without obtaining the Seller's prior written consent. The foregoing studies, inspections and tests have been conducted at the sole cost and expense of Purchaser. In conducting the studies, inspections and tests contemplated hereby, Purchaser (i) has not interfere with the existing uses of the Property by persons in possession thereof, (ii) has afforded reasonable prior notice to Seller with respect to the timing and scope of any physically intrusive tests or inspections and (iii) has restored promptly any physical damage caused by such studies, inspections or tests. Purchaser hereby agrees to indemnify, defend and hold Seller free and harmless from any loss, injury, damage, claim, lien, cost or expense, including reasonable attorney's fees and costs, resulting from or arising out of any such study, inspection or test, excluding the specific findings of any such study, inspection or test.
b. Purchaser acknowledges that Purchaser has been granted access to and has inspected the Property and has been afforded an opportunity to review all of the doc...
Acknowledgment of Inspection. The Contractor acknowledges that it inspected the premises prior to the preparation of its bid, and that it was given ample opportunity to inspect all of the premises that is the subject of this agreement. Contractor Agrees that it has not relied on any representation of the owner as to the extent of needed asbestos abatement or the condition of the property, and that it has relied upon its own expertise in determining the extent, methodology and cost of abatement.
Acknowledgment of Inspection. Purchaser acknowledges and agrees that (a) Purchaser and its consultants have visited the Property and Purchaser has knowingly agreed to purchase the Property without taking the opportunity to inspect further the Property and its operation, (b) if this transaction is consummated, Purchaser will be purchasing the Property pursuant to Purchaser's independent knowledge of the Property, and (c) Purchaser is relying upon its own determination of the value and condition of the Property and not on any information provided or to be provided by Seller. Purchaser is not relying in any way upon any representations (except those expressly provided in Section 5.1), statements, plans, specifications, cost estimates, studies, reports, descriptions, guidelines or other information or material furnished by Seller or its representatives to Purchaser or its representatives, whether oral or written, express or implied, of any nature whatsoever regarding any such matters. Purchaser shall be provided access to the Property twenty-four (24) hours prior to the scheduled date of Closing to perform a walk-through of the Land and Improvements to ensure the Seller has complied with Section 4.2.