Common use of Buyer’s Inspection and Resolution Clause in Contracts

Buyer’s Inspection and Resolution. Within days after the Binding Agreement Date (“Inspection Period”), 292 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 in its current condition, normal wear and tear excepted. 297 In said notice Buyer shall either:

Buyer’s Inspection and Resolution. Within days after the Binding Agreement Date (“Inspection Period”), 292 291 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 292 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 293 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 294 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 295 in its current condition, normal wear and tear excepted. 297 296 In said notice Buyer shall either:

Buyer’s Inspection and Resolution. Within 5 days after the Binding Agreement Date (“Inspection Period”), 292 291 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 292 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 293 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 294 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 295 in its current condition, normal wear and tear excepted. 297 296 In said notice Buyer shall either:

Buyer’s Inspection and Resolution. Within days after the Binding Agreement Date (“Inspection Period”), 292 291 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 292 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 DRAFT SPECIMEN 293 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 294 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 295 in its current condition, normal wear and tear excepted. 297 296 In said notice Buyer shall either:

Buyer’s Inspection and Resolution. Within 15 days after the Binding Agreement Date (“Inspection Period”), 292 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 in its current condition, normal wear and tear excepted. 297 In said notice Buyer shall either:

Buyer’s Inspection and Resolution. Within 10 days after the Binding Agreement Date (“Inspection Period”), 292 Buyer shall cause to be conducted any inspection provided for herein, including but not limited to the Wood 293 Destroying Insect Infestation Inspection Report AND shall provide written notice of such to Seller as described below. 294 In the event Buyer fails to timely make such inspections and respond within said timeframe as described herein, 295 the Buyer shall have forfeited any rights provided under this Section 7, and in such case shall accept the Property 296 in its current condition, normal wear and tear excepted. 297 In said notice Buyer shall either: