Change of Conditions. PURCHASER SHALL ACCEPT THE PROPERTY AT THE CLOSING IN THE SAME CONDITION AS IT IS IN ON THE EFFECTIVE DATE OF THIS AGREEMENT, AS SUCH CONDITION SHALL HAVE CHANGED BY REASON OF NORMAL WEAR AND TEAR AND, SUBJECT TO SECTIONS 7.1 AND 7.2 OF THIS AGREEMENT, DAMAGE BY CONDEMNATION, FIRE OR OTHER CASUALTY AND OTHERWISE SUBJECT TO THE TERMS OF THIS AGREEMENT. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, PURCHASER SPECIFICALLY ACKNOWLEDGES THAT THE FACT THAT ANY PORTION OF THE LAND OR IMPROVEMENTS OR ANY EQUIPMENT OR MACHINERY THEREIN OR THEREON, OR ANY PART THEREOF MAY NOT BE IN NORMAL WORKING ORDER OR CONDITION ON THE CLOSING DATE BY REASON OF WEAR AND TEAR OR DAMAGE BY CONDEMNATION, FIRE OR OTHER CASUALTY, OR BY REASON OF ITS PRESENT CONDITION SHALL NOT RELIEVE PURCHASER OF ITS OBLIGATION TO COMPLETE THE CLOSING UNDER THIS AGREEMENT AND PAY THE FULL PURCHASE PRICE EXCEPT AS OTHERWISE SET FORTH IN THIS AGREEMENT. SUBJECT TO SECTION 6.7 HEREOF, PURCHASER ACKNOWLEDGES THAT TENANT’S DOING WORK OR ANY OTHER CHANGE OF CONDITION SHALL NOT RELIEVE PURCHASER OF ITS OBLIGATION TO COMPLETE THE CLOSING UNDER THIS AGREEMENT AND PAY THE FULL PURCHASE PRICE. SELLER HAS NO OBLIGATION TO MAKE ANY REPAIRS OR REPLACEMENTS REQUIRED BY REASON OF NORMAL WEAR AND TEAR, CONDEMNATION OR FIRE OR OTHER CASUALTY, BUT MAY, AT ITS OPTION AND ITS COST, MAKE ANY SUCH REPAIRS AND REPLACEMENTS PRIOR TO THE CLOSING DATE. PROVIDED, HOWEVER, THE FOREGOING SHALL IN NO WAY LIMIT THE OBLIGATIONS OF SELLER TO COMPLY WITH THE TERMS OF THE LEASE.
Change of Conditions. Buyer shall accept the Property at Closing in the same condition as the Property is as of the Contract Date, as such condition shall have changed by reason of wear and tear and natural deterioration and, subject to Sections 14 and 15 hereof, condemnation or damage by fire or other casualty. Without limiting the generality of the foregoing, Buyer specifically acknowledges that the fact that any portion of the Property may not be in working order or condition at the Closing Date by reason of wear and tear and natural deterioration or damage by fire or other casualty, or by reason of its present condition, shall not relieve Buyer of its obligation to complete closing under this Agreement and pay the full Consideration. Seller has no obligation to make any repairs or replacements required by reason of wear and tear and natural deterioration or condemnation or fire or other casualty, but may, at its option and its cost (including the use of insurance proceeds as herein provided), make any such repairs and replacements prior to the Closing Date.
Change of Conditions. Notwithstanding the Department’s obligations to provide payments pursuant to Exhibit B hereof, the Department reserves the right to evaluate the Recipient’s need for Program funds based on new information or funding sources associated with the Work. If the Department determines that the Program funds, or a portion thereof, are no longer necessary to complete the Work, the Department may reduce the amount of the Grant accordingly. In the event the Department determines the Work is no longer financially feasible, any Grant commitment issued by the Department and this Agreement may be terminated.
Change of Conditions. If one or more of the Purposes of this Conservation Easement may no longer be accomplished, such failure of purpose shall not be deemed sufficient cause to terminate the entire Conservation Easement as long as any other purpose of the Conservation Easement may be accomplished. In addition, the inability to carry on any or all of the permitted uses, or the unprofitability of doing so, shall not impair the validity of this Conservation Easement or be considered grounds for its termination or extinguishment. Grantor and Xxxxxxx agree that global warming and climate change-caused effects shall not be a basis for termination of this Conservation Easement.
Change of Conditions. The fact that any use of the Easement Property expressly prohibited by this Easement or otherwise determined inconsistent with the purpose of this Easement may become significantly more valuable or economical than permitted uses, or that neighboring properties may in the future be put entirely to uses inconsistent with this Easement, has been considered by Grantor in granting this Easement. It is Grantor’s belief that any such changes will increase the public’s benefit and interest in the continuation of this Easement, and it is the intent of both Grantor and Grantee that any such changes are not to be considered circumstances sufficient to terminate this Easement, in whole or in part. In addition, the inability to carry on any or all of the permitted uses, or the unprofitability of doing so, shall not impair the validity of this Easement or be considered grounds for its termination.
Change of Conditions. The Department reserves the right to re-underwrite the Development based on new information or funding sources. Particular attention will be paid to the continued feasibility of the Development and the maintenance of the security position of the Program Loan. If the new information demonstrates a reduction or elimination of financing gap being addressed by the Program Loan, the Department will reduce the amount of the Loan award accordingly. If the Department has underwritten the Program Loan pursuant to California Housing Finance Agency (CalHFA) or Department of Housing and Urban Development (HUD) requirements and the Development subsequently does not utilize the CalHFA or HUD financing, the Program Loan will be re-underwritten by the Department pursuant to Program Requirements. In the event the Department determines the Development is no longer financially feasible, the award and any Loan commitment issued by the Department may be revoked.
Change of Conditions supply and documentation
Change of Conditions. In the event that, during the duration of this Agreement, the regulations in force at the time of its execution are drastically modified, or in the event that the data on which the Parties relied to enter into this Agreement change in such a manner that one Party shall suffer severe hardship from its performance of this Agreement, which could not reasonably be foreseen as of the date on which this Agreement was executed, the Parties shall then meet and adapt the conditions of this Agreement to the new situation, in a manner equitable to both Parties.
Change of Conditions. In the event that Executive's principal place of employment with Company is changed to a location more than thirty (30) miles from the boundary of the corporate limits of Grand Rapids, Michigan without Executive's consent or Executive suffers a material reduction in the aggregate of cash compensation and benefits which is not in proportion to a general reduction for salaried employees of Company.
Change of Conditions. The Department reserves the right to re-underwrite the Development based on new information or funding sources. Particular attention will be paid to the continued feasibility of the Development and the maintenance of the security position of the Loan. If the new information demonstrates a reduction or elimination of financing gap being addressed by the Loan, the Department will reduce the amount of the Loan Request stated in the Application and the amount of the award accordingly. If the Department has underwritten the Loan using CalHFA or HUD requirements and the Development subsequently does not utilize the CalHFA or HUD financing, the Loan will be re- underwritten by the Department using Program requirements. In the event the Department determines the Development is no longer financially feasible, the award and any Loan commitment issued by the Department may be revoked.
