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 under this Agreement:
Approval Period. If the mortgage loan is not approved within days (30 days if left blank) 99 after date of acceptance of this Agreement, without contingencies other than lender-required 100 repairs/replacements/treatments, marketable title and survey, hereinafter called the Loan Approval Period, 101 BUYER may terminate this Agreement by written notice to the Seller within the Loan Approval Period, 102 or be deemed to have waived the financing contingency period. If BUYER does not terminate this 103 Agreement prior to the end of the Loan Approval Period, neither BUYER nor SELLER shall have a right to 104 terminate this Agreement under this paragraph, the binder deposit shall not be refundable because of 105 BUYER’s failure to obtain financing, and this Agreement shall continue through the date of closing. 106 3. MAINTENANCE, INSPECTION AND REPAIR: SELLER will maintain the Property in its present condition until 107 closing, except for normal wear and tear and any agreed upon repairs/replacements/treatments. If BUYER 108 elects not to have inspections and investigations performed, or fails to make a timely request for 109 repairs/replacements/treatments as set forth in this paragraph 3, BUYER accepts the Property in its “AS IS” 110 condition as of the date of acceptance of this Agreement. BUYER will be responsible for repair of all damages 111 to the Property resulting from inspections and investigations, and BUYER will return the Property to its pre- 112 inspection condition. These obligations shall survive termination of this Agreement. 113 (A) Access and Utilities: SELLER will make the Property available for inspections and investigations 114 during the time provided for inspections and investigations in this paragraph, and agrees to have all 115 utilities (including, but not limited to, electricity, fuel/gas and water) active from the date of acceptance 116 of this Agreement through the date of closing and, if not, the time for inspections and investigations will 117 be extended by the time access was denied. 118 Within _ days (10 days if left blank) after the date of acceptance of this Agreement (“Inspection 119 Period”), BUYER may, but is not required to, have the Property inspected and investigated by 120 appropriately licensed inspectors and/or persons/entities holding a Florida license to build, repair or 121 maintain the items inspected. BUYER and BUYER’S Broker have the right to be present during all 122 inspections and investigations. The inspections and investig...
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. 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. (a) During the Approval Period, Borrower may request the approval of a Project for funding from the proceeds of the Loan by complying with the terms and conditions of Section 3.1.
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. Purchaser shall obtain all necessary or required Subdivision Approvals for the Property and all permits from governmental authorities having jurisdiction, including, but not limited to, all planning and zoning permits, variances and other regulatory approvals for Purchaser’s development and use of the Property (the “Approvals”), during the Approval Period. The “Approval Period” shall consist of the Initial Approval Period and, if applicable, the Extended Approval Period (each as defined herein). The “Initial Approval Period” shall be the period commencing on the first day after the expiration of the Inspection Period, and ending on the date that is five hundred and forty (540) days after the expiration of the Inspection Period. In pursuing the Approvals, in no event shall Purchaser cause (by requesting a parking variance or otherwise) the number of parking spaces on the HD Property to be less than the sum of (A) the minimum number of parking spaces on the HD Property under applicable governmental rules, regulations and ordinances (without variance), plus (B) twenty-five (25) parking spaces. Notwithstanding the foregoing, prior to making any submittals to any governmental authorities, Purchaser shall deliver to Seller a copy of the proposed submittal and any other documents required by Seller for Seller’s review and prior written approval, as more particularly provided in Section 8 below. Purchaser shall pursue the Approvals in good faith and with all due diligence. To that end, subject to the provisions of Section 8 below, Purchaser shall make all necessary applications and submittals to all applicable governmental authorities in sufficient time to obtain all Approvals within the Initial Approval Period. At the expiration of the Initial Approval Period, regardless of any extensions that may be exercised or granted hereunder, the Deposits shall be nonrefundable to Purchaser, except upon a termination of this Agreement due to a default by Seller or as otherwise specifically provided herein. In the event Purchaser has made diligent efforts but is unable to obtain the Approvals prior to the end of the Initial Approval Period, Purchaser shall have the right, at Purchaser’s election, to extend the Initial Approval Period (the “Extended Approval Period”) for three (3) successive periods of thirty (30) days each (each, an “Extension Option”). If Purchaser elects to exercise an Extension Option as provided herein, Purchaser shall notify Seller of such election in w...
Approval Period. The Approval Period, (as defined in Section 2.06(a) of the Agreement) is hereby extended until 5:00 P.M. Central Daylight Time (CDT) on May 11, 2022.
Approval Period. 15.01 The Union acknowledges that a 460 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.
