Common use of Contingencies, Due Diligence Clause in Contracts

Contingencies, Due Diligence. Seller has delivered the following materials ---------------------------- which Seller may possess and which are hereinafter referred to as Due Diligence Documents: (1) Copies of service contracts, maintenance agreements and other contracts presently affecting the Real Estate, if any. (2) Municipal or Fire Department Related Notices, if any. Buyer shall have 30 days in which to satisfy itself as to the financial and physical condition of the Real Estate. During said 30 day period Seller shall permit Buyer or Buyer's agents to have access to the Real Estate for the purpose of inspecting or testing the roof, parking lot, furnace, electrical, heating, cooling, lead based paint, water supply. ventilating, plumbing, mechanical, structural, and other systems of the Real Estate as well as compliance with the American Disabilities Act and environmental concerns. In the event Buyer's inspection shall reveal any material defects, in Buyer's sole discretion, Buyer may at Buyer's option within said period deliver to Seller its notice of termination of this Contract, whereupon this Contract shall be null and void and Buyer shall receive back all amounts paid by it (including any interest earned on such amounts). In default of timely delivery of such notice of termination, the conditions of this Paragraph shall be deemed waived. Sellers agree to cooperate fully with Buyer in the satisfaction of the contingencies imposed by this Contract and shall permit Buyer and its agents to enter upon the property at all reasonable times upon reasonable notice to Seller for the purpose of inspecting the Real Estate

Contingencies, Due Diligence. Seller has delivered the following ---------------------------- materials ---------------------------- which Seller may possess and which are hereinafter referred to as Due Diligence Documents: (1) Copies of service contracts, maintenance agreements and other contracts presently affecting the Real Estate, if any. (2) Municipal or Fire Department Related Notices, if any. Buyer shall have 30 days in which to satisfy itself as to the financial and physical condition of the Real Estate. During said 30 day period Seller shall permit Buyer or Buyer's agents to have access to the Real Estate for the purpose of inspecting or testing the roof, parking lot, furnace, electrical, heating, cooling, lead based paint, water supply. ventilating, plumbing, mechanical, structural, and other systems of the Real Estate as well as compliance with the American Disabilities Act and environmental concerns. In the event Buyer's inspection shall reveal any material defects, in Buyer's sole discretion, Buyer may at Buyer's option within said period deliver to Seller its notice of termination of this Contract, whereupon this Contract shall be null and void and Buyer shall receive back all amounts paid by it (including any interest earned on such amounts). In default of timely delivery of such notice of termination, the conditions of this Paragraph shall be deemed waived. Sellers agree to cooperate fully with Buyer in the satisfaction of the contingencies imposed by this Contract and shall permit Buyer and its agents to enter upon the property at all reasonable times upon reasonable notice to Seller for the purpose of inspecting the Real Estate