Common use of Approval of Property Clause in Contracts

Approval of Property. If Purchaser gives a Continuation Notice on or before the expiration of the Due Diligence Period, except as otherwise provided in this Section 10, Purchaser shall be deemed to have approved the Property, the Development and the feasibility of Purchaser’s intended uses of the Lots (subject to the terms and conditions of Section 5 and Section 6 hereof). Such approval shall be deemed to include, but shall not be limited to, Purchaser’s approval of the following as to the Property: (i) The ability of applicable utility companies to provide utility services to the Property, including the quality, sizing and cost of such services; (ii) The soil and environmental conditions of the Property; (iii) All Seller Documents delivered to Purchaser pursuant to this Contract; (iv) All of the Permitted Exceptions; (v) The financial condition and other factors relevant to the operation of the District; (vi) Fitness for Purchaser’s intended use, accessibility of roads, and the condition and suitability for improvement and sale of the Lots, subject to Seller’s obligations under this Contract.

Approval of Property. If Purchaser gives a Continuation Notice on or before the expiration of the Due Diligence Period, except as otherwise provided in this Section 10, Purchaser shall be deemed to have approved the Property, the Development and the feasibility of Purchaser’s intended uses of the Lots (subject to the terms and conditions of Section 5 and Section 6 hereof). Such approval shall be deemed to include, but shall not be limited to, Purchaser’s approval of the following as to the Property: (i) The ability of applicable utility companies to provide utility services to the Property, including the quality, sizing and cost of such services; (ii) The soil and environmental conditions of the Property; (iii) All Seller Documents delivered to Purchaser pursuant to this Contract; (iv) All of the Permitted Exceptions; (v) The financial condition and other factors relevant to the operation of the District; (vi) Any property owners’ association to be established pursuant to the terms of the Master Covenants; and (vii) Fitness for Purchaser’s intended use, accessibility of roads, and the condition and suitability for improvement and sale of the Lots, subject to Seller’s obligations under this Contract.

Approval of Property. If Purchaser gives a Continuation Notice on or before the expiration of the Due Diligence Period, except as otherwise provided in this Section 10, Purchaser shall be deemed to have approved the Property, the Development and the feasibility of Purchaser’s intended uses of the Lots (subject to the terms and conditions of Section 5 5(b) and Section 6 5(c) hereof). Such approval shall be deemed to include, but shall not be limited to, Purchaser’s approval of the following as to the Property: (i) The ability of applicable utility companies to provide utility services to the Property, including the quality, sizing and cost of such services; (ii) The soil and environmental conditions of the Property; (iii) All Seller Documents delivered to Purchaser pursuant to this Contract; (iv) All of the Permitted Exceptions; (v) The financial condition and other factors relevant to the operation of the District; (vi) Any property owners’ association to be established pursuant to the terms of the Master Covenants; and (vii) Fitness for Purchaser’s intended use, accessibility of roads, and the condition and suitability for improvement and sale of the Lots, subject to Seller’s obligations under this Contract.