Common use of Buyer’s Right to Terminate During Approval Period Clause in Contracts

Buyer’s Right to Terminate During Approval Period. Buyer intends to conduct certain due diligence with respect to the Property from and after the Effective Date, and Seller shall provide any and all reasonable and necessary cooperation with the same at no cost or expense to Seller. Buyer will have the period commencing on the Effective Date and expiring at 5:00 P.M. (Pacific Time) on the date that is sixty (60) days after the later of the Effective Date or Seller’s delivery to Buyer of all Property Documents (as applicable, the “Approval Period”), to conduct all due diligence of the Property. If, following Buyer’s due diligence investigations as contemplated in this Section 4.2, Buyer is dissatisfied with any aspect of the Property for any reason or no reason within its sole and absolute discretion (during the Approval Period), then Buyer may elect to terminate this Agreement by causing a written notice of such election (a “Buyer’s Termination Notice”) to be delivered to Seller and to Escrow Holder at any time before 5:00 P.M. (Pacific Time) on the last day of the Approval Period.

Buyer’s Right to Terminate During Approval Period. Buyer intends to conduct certain due diligence with respect to the Property from and after the Effective Date, and Seller shall provide any and all reasonable and necessary cooperation with the same at no cost or expense to Seller. Buyer will have the period commencing on the Effective Date and expiring at 5:00 P.M. (Pacific Time) on the date that is sixty (60) days after the later of the Effective Date or Seller’s delivery to Buyer of all Property Documents (as applicable, the “Approval Period”), to conduct all due diligence of the Property. If, following BuyerXxxxx’s due diligence investigations as contemplated in this Section 4.2, Buyer Xxxxx is dissatisfied with any aspect of the Property for any reason or no reason within its sole and absolute discretion (during the Approval Period), then Buyer may elect to terminate this Agreement by causing a written notice of such election (a “Buyer’s Termination Notice”) to be delivered to Seller and to Escrow Holder at any time before 5:00 P.M. (Pacific Time) on the last day of the Approval Period.