Common use of Additional Inspection for Title, Zoning and Survey Only Clause in Contracts

Additional Inspection for Title, Zoning and Survey Only. Purchaser will have the additional right to terminate this Agreement at any time after the last day of the Inspection Period and prior to 5:00 p.m. on August 15, 2006 (the “Extended Review Period”) should Purchaser be dissatisfied with the status of the Property’s zoning compliance, the title commitment and/or the ALTA survey obtained by Purchaser for the Property. If, during the Extended Review Period, Purchaser determines in good faith that a zoning, title and/or survey problem or issue exists which, in Purchaser’s reasonable opinion, materially affects the Property, then Purchaser may notify Seller in writing prior to the expiration of the Extended Review Period that it wishes to terminate this Agreement pursuant to this Section 4.3 (which notice will specify the particular title, zoning and/or survey problem or issue identified by Purchaser), in which event:

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Columbia Equity Trust, Inc.), Agreement of Purchase and Sale (Columbia Equity Trust, Inc.), Agreement of Purchase and Sale (Columbia Equity Trust, Inc.)

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