Approval of Condition of Property. Buyer shall promptly commence, and diligently and in good faith pursue, its due diligence review hereunder. If, prior to the expiration of the Due Diligence Period, Buyer determines in its sole and absolute discretion, for any reason or for no reason whatsoever, that it no longer intends to acquire the Property, then Buyer shall promptly notify Seller of such determination in writing (the “Termination Notice”), whereupon this Agreement, and the obligations of the parties to purchase and sell the Property hereunder, shall terminate, and Escrow Holder shall promptly release the Deposit and interest accrued thereon to Buyer. If Buyer fails to timely deliver the Termination Notice, then this Agreement shall remain in full force and effect.
Approval of Condition of Property. Buyer shall approve or disapprove the Property, the Property Documents and the results of any investigation or inspection on or before the expiration of the Approval Period. Buyer must deliver to Seller written notice ("Property Approval Notice") approving the Property, the Property Documents and the results of any investigation or inspection Documents on or before the expiration of the Approval Period. If the Property Approval Notice is not received by Seller on or before three (3) business days following the expiration of the Approval Period, the Property, the Property Documents and the results of any investigation or inspection will be deemed disapproved by Buyer. If Buyer disapproves the Property, the Property Documents, or the results of any investigation or inspection Buyer shall provide written notice of same to Seller. If Buyer fails to give notice of termination set forth herein, the Property, the Property Documents or the results of any investigations or inspection will be deemed disapproved by Buyer, and the Parties shall proceed in accordance with Paragraph 11. If Buyer disapproves the Property Documents or the results of any investigation or inspection as set forth herein, Seller shall within five (5) days of such disapproval refund the Deposit to Buyer.
Approval of Condition of Property. Buyer shall promptly commence, and diligently and in good faith pursue, its due diligence review hereunder. If, prior to the expiration of the Due Diligence Period, Buyer determines in its sole and absolute discretion, for any reason or no reason, that it no longer intends to acquire the Property, then Buyer shall promptly notify Seller of such determination in writing (the “Termination Notice”), whereupon this Agreement, and the obligations of the Parties to purchase and sell the Property hereunder, shall terminate. If Buyer fails to timely deliver the Termination Notice, then this Agreement shall remain in full force and effect.
Approval of Condition of Property. As soon as practicable following Developer’s completion of its studies and investigations, but in any event no later than sixty (60) days after the Date of Agreement, Developer shall notify City in writing of whether Developer approves or disapproves all physical aspects of the Property, including the soils and environmental condition of the Property. Developer’s failure to give written Notice of approval or disapproval within such period shall be deemed Developer’s disapproval of the physical aspects of the Property. In the event Developer disapproves, or is deemed to have disapproved, the physical aspects of the Property, then this Agreement shall terminate, in which case, notwithstanding any other provision of this Agreement to the contrary, the Deposits and any interest earned thereon shall be returned to Developer and neither party will have any further rights or obligations under this Agreement other than those obligations which survive termination hereof.
Approval of Condition of Property. If, prior to the expiration of the Due Diligence Period, based upon such review, examination or inspection, Buyer determines in its sole and absolute discretion that it no longer intends to acquire the Property, then Buyer shall promptly notify Seller of 257090980 v3 such determination in writing (a “Disapproval Notice,” which may be given by email), whereupon this Agreement, and the obligations of the parties to purchase and sell the Property hereunder, shall terminate. If, however, on or before the expiration of the Due Diligence Period, Buyer determines that the foregoing matters are acceptable to Buyer and that it intends to proceed with the acquisition of the Property, then Buyer shall promptly notify Seller of such determination in writing (an “Approval Notice,” which may be by email), which Approval Notice will establish satisfaction or waiver of the Due Diligence Contingency. If Buyer fails to deliver either a Disapproval Notice or an Approval Notice to Seller on or before the expiration of the Due Diligence Period, Buyer shall be deemed to have approved of all of the foregoing matters as if it had delivered an Approval Notice and this Agreement will continue in full force and effect.
