Approval Period. If the mortgage loan is not approved within days (30 days if left blank) 98 after date of acceptance of this Agreement, including XXXXX’s and XXXXX’s lender’s receipt of an appraisal, 99 without contingencies other than lender-required repairs/replacements/treatments, marketable title and survey 100 map, hereinafter called the Loan Approval Period, BUYER may terminate this Agreement by written 101 notice to the Seller within the Loan Approval Period, or be deemed to have waived the financing 102 contingency period. If BUYER has so terminated, upon written request of the SELLER, BUYER shall provide 103 to SELLER written evidence from XXXXX’s lender of BUYER’s failure to secure loan approval due to no fault 104 of the BUYER. If BUYER does not terminate this Agreement prior to the end of the Loan Approval Period, 105 neither BUYER nor SELLER shall have a right to terminate this Agreement under this paragraph, the binder 106 deposit shall not be refundable because of BUYER’s failure to obtain financing, and this Agreement shall 107 continue through the date of closing. If Buyer has not terminated this Agreement within the Loan Approval 108 Period due to failure to obtain Loan Approval, and should the appraisal/valuation contemplated under this 109 paragraph 2 fail to equal or exceed the Purchase Price, and should Buyer not terminate this Agreement within 110 the Loan Approval Period due to the appraised value failing to equal or exceed the Purchase Price, Buyer shall 111 be deemed to have elected to proceed with consummation of this Agreement without regard to the amount of 112 the appraised valuation. 113 3. MAINTENANCE, INSPECTION AND REPAIR: SELLER will maintain the Property in its present condition until 114 closing, except for normal wear and tear and any agreed upon repairs/replacements/treatments. If BUYER 115 elects not to have inspections and investigations performed, or fails to make a timely request for 116 repairs/replacements/treatments as set forth in this paragraph 3, BUYER accepts the Property in its “AS IS” 117 condition as of the date of acceptance of this Agreement. BUYER will be responsible for repair of all damages 118 to the Property resulting from inspections and investigations, and BUYER will return the Property to its pre- 119 inspection condition. These obligations shall survive termination of this Agreement. 120 (A) Access and Utilities: SELLER will make the Property available for inspections and investigations 121 during the time pr...
Approval Period. This development Contract shall be executed by the Developer within one hundred eighty (180) days from the date of approval of this Contract by the Board of Mayor and Aldermen. Failure to execute this Contract within the said one hundred eighty (180) days will result in the approval of the Board of Mayor and Aldermen being automatically withdrawn.
Approval Period. During the period commencing on the Effective Date and expiring at 5:00 p.m. Central Time on the later to occur of (i) the forty fifth (45th) day following the Due Diligence Receipt Date, or (ii) the tenth (10th) day following the Plans and Specifications Receipt Date (herein, the “Approval Period”), the following matters shall be conditions precedent to Purchaser’s obligations under this Agreement:
(a) Purchaser’s being satisfied in Purchaser’s sole discretion that the Property is suitable for Purchaser’s intended use; and
(b) Purchaser’s being satisfied, in Purchaser’s sole discretion, with all of the Due Diligence Items, including without limitation the Plans and Specifications, together with all related construction documents. Purchaser may (but shall not be obligated to) terminate this Agreement by delivering written notice of such termination to Seller at any time prior to the expiration of the Approval Period, if, in Purchaser’s sole and absolute discretion, Purchaser decides not to consummate the purchase of the Property contemplated hereby. In such event, this Agreement will terminate as of the date of such notice, and neither party shall have any further obligation hereunder except for the Surviving Obligations. If, in Purchaser’s sole and absolute discretion, Purchaser determines that it desires to consummate the purchase of the Property contemplated hereby, then Purchaser will give written notice thereof (the “Closing Notice”) to Seller, prior to the expiration of the Approval Period. In the event that Purchaser provides Seller with the Closing Notice, then Purchaser will be deemed to have waived its termination rights under this Section 4.1.1, and the parties will proceed to Closing, subject to all other terms and conditions of this Agreement. If Purchaser does not give Seller the Closing Notice prior to the expiration of the Approval Period and has not previously terminated this Agreement by written notice to Seller, then this Agreement automatically shall terminate upon the expiration of the Approval Period, and, in such event, neither party shall have any further obligation hereunder except for the Surviving Obligations. In either of such events terminating this Agreement, promptly following written request from Purchaser to the Title Company, the Title Company shall return all of the Xxxxxxx Money to Purchaser, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be provided by S...
Approval Period. During the period commencing on the Effective Date and expiring at 5:00 p.m. Central Time on the fortieth (40th) day following the Due Diligence Receipt Date (the "Approval Period"), the following matters shall be conditions precedent to Purchaser's obligations to purchase the Property under this Agreement:
(a) Purchaser's being satisfied, in Purchaser's sole discretion, that the Property is suitable for Purchaser's intended use; and
(b) Purchaser's being satisfied, in Purchaser's sole discretion, with all of the Due Diligence Items. Purchaser may (but shall not be obligated to) terminate this Agreement by delivering written notice of such termination to Seller at any time prior to the expiration of the Approval Period, if, in Purchaser's sole and absolute discretion, Purchaser decides not to consummate the purchase of the Property contemplated hereby. In such event, this Agreement will terminate as of the date of such notice, the Escrow Agent shall return all of the Xxxxxxx Money to Purchaser, without the consent or joinder of Seller being required and notwithstanding any contrary instructions which might be provided by Seller, and neither party shall have any further rights or obligations hereunder except for the Surviving Obligations. In the event that Purchaser does not terminate this Agreement as contemplated in the immediately preceding sentence, then Purchaser will be deemed to have waived its termination rights under this Section 4.1.1, and the parties will proceed to Closing, subject to all other terms and conditions of this Agreement.
Approval Period. Once pulled, the Approval Period is 48 hours prior to the commencement of the Rental Agreement.
Approval Period. Subject to the provisions of Section 4.2, the period commencing on the Effective Date and ending sixty (60) days after the Effective Date.
Approval Period. The Approval Period is hereby extended from June 18, 1997 to June 23, 1997. Accordingly, the date "June 18, 1997" contained in Section 17 is hereby deleted, and the date "June 23, 1997" is hereby substituted therefor.
Approval Period. 15.01 The Union acknowledges that a 580 hour probationary period shall exist as a trial period within which Management reserves the right to fully appraise new employees and further recognizes that such employees may be terminated for reasons somewhat less serious than would justify the termination of an approved employee.
15.02 An employee who successfully completes the 580 hour probationary period will become an approved employee. As an approved employee, he or she may then participate in the various benefit programmes of the Company which require approval. It is understood that certain of these benefit plans do not become effective until the first of the month following the employee's approval date.
Approval Period. Within five (5) business days after the application window closes, Management will advise each applicant if: a) Their application is approved or disapproved and the reason(s); or b) Their application will be held in abeyance, upon the determination of other eligible employees applying for the buyout and the approval of a buyout.
Approval Period. Section 4.1.1 of the Contract is hereby modified to provide that the Approval Period shall expire at 5:00 p.m. Central Time on December 14, 2017.
