Common use of Code Matters Clause in Contracts

Code Matters. Seller warrants that Seller, its beneficiaries or agents of ------------- Seller or of its beneficiaries have received no notices from any city, village or other governmental authority of zoning, building, fire or health code violations in respect to the Real Estate that have not been heretofore been corrected. Provided, however, that Condominium Association has received a notice of certain required repairs to be made to the elevator copies of which have been delivered to Buyer. Seller will use its best efforts to cause the repairs to be completed prior to closing. If Seller is unsuccessful in completing repairs prior to closing then Seller at closing will assign to Buyer the contract for repair and credit Buyer with the balance of the contract price so that Buyer may cause the repairs to be completed.

Appears in 2 contracts

Samples: Leapnet Inc, Leapnet Inc

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Code Matters. Seller warrants that Seller, its beneficiaries or agents of ------------- ------------ Seller or of its beneficiaries have received no notices from any city, village or other governmental authority of zoning, building, fire or health code violations in respect to the Real Estate that have not been heretofore been corrected. Provided, however, that Condominium Association has received a notice of certain required repairs to be made to the elevator copies of which have been delivered to Buyer. Seller will use its best efforts to cause the repairs to be completed prior to closing. If Seller is unsuccessful in completing repairs prior to closing then Seller at closing will assign to Buyer the contract for repair and credit Buyer with the balance of the contract price so that Buyer may cause the repairs to be completed.

Appears in 2 contracts

Samples: Leapnet Inc, Leapnet Inc

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