Approval of the Property Sample Clauses

Approval of the Property. By the end of the Inspection Period, Bedford shall provide the Inspection Approval Notice. The failure of Bedford to provide the Inspection Approval Notice within said time period shall be deemed disapproval, this Agreement shall be terminated, and the Deposit returned to Bedford.
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Approval of the Property. Buyer’s obligation to purchase the Property shall be subject to and contingent upon Buyer’s approval, in its sole and absolute discretion, of all aspects of the Property, including, without limitation, the physical condition of the Property, and all of the information delivered by Seller pursuant to this Section 4 or otherwise obtained by Buyer regarding the Property. Such contingency shall be satisfied or waived on or before the expiration of the Contingency Period.
Approval of the Property. As of the date of this Agreement, Purchaser acknowledges and agrees that it has fully satisfied itself with respect to all aspects of the Properties, including, but without limitation, title to each of the Properties, the environmental aspects of each of the Properties, and the physical condition of each of the Properties. Purchaser acknowledges and agrees that it has been afforded ample opportunity to review all aspects of the Properties. Purchaser fully understands all aspects of the Properties, releases Seller as to all aspects of the Properties and, subject to the terms and conditions of this Agreement, will purchase the Properties in their present “AS-IS” condition. Further, Purchaser acknowledges that it has undertaken a full inspection of the Properties, completed its due diligence of the Properties, and waives any contingencies Purchaser may have under this Agreement, except with respect to the conditions precedent to Closing set forth in Section 4.C above. Notwithstanding the specificity of this Section 5 relative to the Survey, title, the Property Documents and other such items, nothing contained in Section 5 shall detract from or lessen the fact that Purchaser has completed its due diligence of the Property, and waives any contingencies Purchaser may have under the Agreement, except with respect to Estoppel Certificates.
Approval of the Property. By the end of the Inspection Period, Buyer shall provide the Inspection Approval Notice. The failure of Buyer to provide the Inspection Approval Notice within said time period shall be deemed disapproval, the Agreement shall be terminated, and the Deposit and any interest thereon returned to Buyer.
Approval of the Property. In the event that Buyer determines, as a result of Buyer’s Investigations and review of title, that the condition of the Property or title thereto is not acceptable to Buyer, then Buyer may terminate this Agreement. If Buyer fails, for any or no reason, to waive such termination right by written notice (the “Waiver Notice”) to Seller and Escrow Holder delivered on or before 5:00 p.m. (California time) on the Contingency Date, then this Agreement shall automatically terminate as of the Contingency Date, the Deposit shall be immediately returned to Buyer and neither party shall have any further liability hereunder, except for those liabilities which expressly survive termination. Buyer’s delivery of a Waiver Notice on or before such date and time shall constitute Buyer’s approval of the condition of the Property and title thereto and acknowledgment that Buyer shall, upon the Closing hereunder, purchase the Property in an “AS-IS” condition as more particularly set forth in Section 7.2.3 below.
Approval of the Property. Buyer’s obligations at Closing shall be subject to and contingent upon Xxxxx’s approval, in its sole and absolute discretion, of all aspects of the Property, including, without limitation, the physical condition of the Property, and all of the information delivered by Seller pursuant to this Article IV or otherwise obtained by Buyer regarding the Property. Such contingency shall be satisfied or waived on or before the expiration of the Contingency Period.

Related to Approval of the Property

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on

  • Marketing the Property In an effort to properly and efficiently market the Property, the Seller grants the following permissions to the Agency: (Initial ALL That Apply)

  • Development of the Project 4.1 TSP's obligations in development of the Project: a. for procuring and maintaining in full force and effect all Consents, Clearances and Permits, required in accordance with Law for development of the Project; b. for financing, constructing, owning and commissioning each of the Element of the Project for the scope of work set out in Schedule 1 of this Agreement in accordance with: i. the Electricity Act and the Rules made thereof; ii. the Grid Code; iii. the CEA Regulations applicable, and as amended from time to time, for Transmission Lines and sub-stations: • the Central Electricity Authority (Technical Standards for Connectivity to the Grid) Regulations, 2007; • Central Electricity Authority (Technical Standards for construction of Electrical Plants and Electric Lines) Regulation, 2010; • Central Electricity Authority (Grid Standard) Regulations, 2010; • Central Electricity Authority (Safety requirements for construction, operation and maintenance of Electrical Plants and Electrical Lines) Regulation, 2011; • Central Electricity Authority (Measures relating to Safety and Electricity Supply) Regulation, 2010; • Central Electricity Authority (Technical Standards for Communication System in Power System Operation) Regulations, 2020. iv. Safety/ security Guidelines laid down by the Government; v. Prudent Utility Practices, relevant Indian Standards and the Law; not later than the Scheduled COD as per Schedule 2 of this Agreement; c. for entering into a Connection Agreement with the concerned parties in accordance with the Grid Code. d. for owning the Project throughout the term of this Agreement free and clear of any encumbrances except those expressly permitted under Article 15 of this Agreement; e. to co-ordinate and liaise with concerned agencies and provide on a timely basis relevant information with regard to the specifications of the Project that may be required for interconnecting the Project with the Interconnection Facilities; f. for providing all assistance to the Arbitrators as they may require for the performance of their duties and responsibilities; g. to provide to the Nodal Agency and CEA, on a monthly basis, progress reports with regard to the Project and its execution (in accordance with prescribed form) to enable the CEA to monitor and co-ordinate the development of the Project matching with the Interconnection Facilities; h. to comply with Ministry of Power order no. 25-11/6/2018 – PG dated 02.07.2020 as well as other Guidelines issued by Govt. of India pertaining to this; i. to procure the products associated with the Transmission System as per provisions of Public Procurement (Preference to Make in India) orders issued by Ministry of Power vide orders No. 11/5/2018 - Coord. dated 28.07.2020 for transmission sector, as amended from time to time read with Department for Promotion of Industry and Internal Trade (DPIIT) orders in this regard (Procuring Entity as defined in above orders shall deemed to have included Selected Bidder and/ or TSP). Also, to comply with Department of Expenditure, Ministry of Finance vide Order (Public Procurement No 1) bearing File No. 6/18/2019- PPD dated 23.07.2020, Order (Public Procurement No 2) bearing File No. 6/18/2019-PPD dated 23.07.2020 and Order (Public Procurement No. 3) bearing File No. 6/18/2019-PPD, dated 24.07.2020, as amended from time to time, regarding public procurement from a bidder of a country, which shares land border with India; j. to submit to Nodal Agency information in the prescribed format [To be devised by Nodal Agency] for ensuring compliance to Article 4.1 i) above. k. to comply with all its obligations undertaken in this Agreement. 4.2 Roles of the Nodal Agency in implementation of the Project: 4.2.1 Subject to the terms and conditions of this Agreement, the Nodal Agency shall be the holder and administrator of this Agreement and shall inter alia: a. appoint an Independent Engineer within 90 days of the Effective Date b. provide letters of recommendation to the concerned Indian Governmental Instrumentality, as may be requested by the TSP from time to time, for obtaining the Consents, Clearances and Permits required for the Project; c. coordinate among TSP and upstream/downstream entities in respect of Interconnection Facilities; and d. monitor the implementation of the Agreement and take appropriate action for breach thereof including revocation of guarantees, cancellation of Agreement, blacklisting etc e. provide all assistance to the Arbitrators as required for the performance of their duties and responsibilities; and f. perform any other responsibility (ies) as specified in this Agreement.

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