Common use of Buyer’s Undertaking Clause in Contracts

Buyer’s Undertaking. Buyer hereby covenants and agrees that it shall cause all studies, investigations and inspections performed at the Property pursuant to this Section 3 to be performed in a manner that does not materially or unreasonably disturb or disrupt the development of the Property or the tenancies or business operations of any of the tenants of the Property. In the event that, as a result of Buyer's exercise of its rights under Section 4(a) or Section 4(b), physical damage occurs to the Property, then Buyer shall promptly repair such damage, at Buyer's sole cost and expense, so as to return the Property to substantially the same condition as existed prior to such damage. Buyer hereby indemnifies, protects, defends and holds Seller harmless from and against any and all losses, damages, claims, causes of action, judgments, damages, costs and expenses that Seller actually suffers or incurs as a direct result of any physical damage caused to, in, or at the Property during the course of, or as a result of, any or all of the studies, investigations and inspections that Buyer elects to perform (or causes to be performed) pursuant to this Section 4.

Appears in 2 contracts

Samples: Development Property Acquisition Agreement (Corporate Office Properties Trust), Development Property Acquisition Agreement (Corporate Office Properties Trust)

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Buyer’s Undertaking. Buyer hereby covenants and agrees that it shall cause all studies, investigations and inspections performed at the Property Projects pursuant to this Section 3 8 to be performed in a manner that does not materially or unreasonably disturb or disrupt the development of the Property or the tenancies or business operations of any of the tenants of the PropertyProjects' Tenants. In the event that, as a result of Buyer's exercise of its rights under Section 4(a) or Section 4(b)Sections 8.1 and 8.2, physical damage occurs to any or all of the PropertyProjects, then Buyer shall promptly repair such damage, at Buyer's sole cost and expense, so as to return the Property Projects to substantially the same condition as existed prior to such damageexists on the Contract Date. Buyer hereby indemnifies, protects, defends and holds each Seller harmless from and against any and all losses, damages, claims, causes of action, judgments, damages, costs and expenses that such Seller actually suffers or incurs as a direct result of any physical damage caused to, in, or at the Property Projects during the course of, or as a result of, any or all of the studies, investigations and inspections that Buyer elects to perform (or causes to be performed) pursuant to this Section 48.

Appears in 2 contracts

Samples: Contribution Agreement (Baltimore Gas & Electric Co), Contribution Agreement (Corporate Office Properties Trust)

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Buyer’s Undertaking. Buyer hereby covenants and agrees that it shall cause all studies, investigations and inspections performed at the Property pursuant to this Section 3 4.2 to be performed in a manner that does not materially or unreasonably disturb or disrupt the development of the Property or the tenancies at or business operations of any of the tenants of the Property. In the event that, as a result of Buyer's exercise of its rights under Section 4(aSections 4.2(a) or Section 4(band 4.2(b), physical damage occurs to the Property, then Buyer shall promptly repair such damage, at Buyer's sole cost and expense, so as to return the Property to substantially the same condition as existed prior to such damageexists on the Contract Date. Buyer hereby indemnifies, protects, defends and holds Seller harmless from and against any and all losses, damages, claims, causes of action, judgments, damages, costs and expenses that Seller actually suffers or incurs as a direct result of any physical damage caused to, in, or at the Property during the course of, or as a result of, any or all of the studies, investigations and inspections that Buyer elects to perform (or causes to be performed) pursuant to this Section 44.2.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Corporate Office Properties Trust)

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