Contingency Period Sample Clauses

Contingency Period. The “Contingency Period,” as defined in Section 1 of the Contract, is hereby extended to May 30, 2008.

Contingency Period. Buyer shall have until 5:00 p.m., Pacific Time, on August 6, 2012, to review and approve the matters described in Section 2.1(a)–(f) above (such period being referred to herein as the “Contingency Period”). Buyer’s approval or disapproval of such matters shall be at Buyer’s sole discretion. If Buyer elects to proceed with the purchase of the Property, then Buyer shall, before the end of the Contingency Period, (i) notify Seller in writing that Buyer has approved all of the matters described in Section 2.1(a)–(f) above (“the “Approval Notice”), and (ii) deposit the Second Deposit into escrow with the Title Company. If before the end of the Contingency Period Buyer fails to give Seller the Approval Notice or deposit the Second Deposit, then Buyer shall be deemed to have elected to terminate this Agreement, the Deposit shall be returned to Buyer, and neither party shall have any further rights or obligations hereunder except as provided in Sections 7.1, 10.3 and 10.12 below.

Contingency Period. The period between the mutual execution and delivery of this Agreement and the Closing Date.

Contingency Period. Purchaser will have until 5:00 p.m., Mountain Time, on the date that is 540 days after the Effective Date (the “Contingency Period”), to obtain (a) approval of annexation and zoning, if applicable, of the Property from the applicable Governmental Authority; (b) all governmental and quasi- governmental approvals and permits necessary for Purchaser’s development in a manner acceptable to Purchaser in its sole discretion, including, without limitation, all governmental and quasi-governmental land use and other approvals and permits required to permit Purchaser to immediately commence construction of a commercial project on the Property following Closing hereunder, including, without limitation, any and all access permits or approvals from the Colorado Department of Transportation and/or any Conditional Letters of Map Amendment or similar matters in connection with any flood plain issues; (c) Purchaser and the appropriate governmental entities or utility companies securing the necessary utilities for the Property; (d) a final subdivision plat in and for the Property (the “Final Plat”); and (e) such other matters concerning the development of the Property in a manner acceptable to Purchaser in its sole discretion (collectively, the “Approvals”) (collectively, the “Entitlements Contingency”). Purchaser’s right hereunder will include, without limitation, the right to enter upon the Property and to have made, at Purchaser’s expense, any plans for the Property as Purchaser may deem necessary or appropriate. Purchaser will indemnify, defend and hold Seller harmless from any expenses, damages and liabilities, including reasonable attorneys’ fees, that Seller may suffer or incur arising out of any claims for property damage, personal injury or claims from materialmen or laborers which arise from Purchaser’s activities under this Section 4.2. The provisions of this Section shall survive the Closing or termination of this Agreement.‌

Contingency Period. At all times during the "Contingency Period" (which Contingency Period is defined to be the period from and after the Effective Date and continuing through and including the date which is 6 0 days after the Effective Date), Developer's obligations under this Agreement are contingent upon: (a) Developer's satisfaction: in Developer's sole discretion , that the Developer Parcel is suitable for Developer's intended use, including obtaining franchisor/flag approval to own and operate a Hotel on the Developer Parcel ; and (b) Developer obtaining: all necessary zoning and permitting approvals from the City of ▇▇▇▇▇ Heights and any other governmental authorities having jurisdiction thereof in order to allow Developer's intended use of the Developer Parcel and any and all necessary private grants of easements as may be required by Developer, in Developer's sole discretion, for utility lines, storm water run- off/drainage detention and for access to and from the adjacent public rights of way. Attached hereto as Exhibit C is a copy of the Ordinance approving the Planned Mixed Use of the City Parcel which includes the Developer Parcel. (c) Developer and the City agreeing upon terms of the following easements and covenants: (a) any new easements or modifications to existing easements to extend utilities from Executive Boulevard to the Developer Parcel; (b) a parking easement on the adjoining Rose Center parking lot permitting the construction of an access drive connecting the Developer Parcel to such parking lot and granting to customers of the hotel to be constructed on Developer's Parcel the non-exclusive right of ingress and egress and to park on the Rose Center parking lot; (c) an ingress egress easement, with maintenance and repair covenants, for the roadway constructed on the City Parcel connecting the Developer Parcel to Executive Boulevard. Developer shall have the option of extending the Contingency Period for an additional thirty (30) day period by providing written notice to City of its intent to extend the Contingency Period and the payment of Ten Thousand Dollars ($10,000.00) ("Extension Payment ") by Developer to the Title Company as an additional deposit of ▇▇▇▇▇▇▇ Money. Notice for the extension of the Contingency Period shall be given by Developer no later than the last day of the initial 60-day Contingency Period. City may provide additional extensions of the Contingency Period at its sole discretion. In the event Developer determines in its sole dis...

Contingency Period. Purchaser will have thirty (30) days following the Effective date (the “Contingency Period”) within which to complete Purchaser’s investigation of the Property and to obtain all required approvals for Purchaser’s purchase of the Property. All inspection fees and other expenses of any kind incurred by Purchaser relating to the inspection of the Property will be Purchaser’s sole responsibility. Purchaser will promptly repair, at its expense, any damage to the Property caused by Purchaser or its agents in conducting its inspection of the Property. Purchaser will coordinate its physical inspections of the Property with Seller prior to entry on the Property.

Contingency Period. Buyer shall have thirty (30) days from the Effective Date (such period being referred to herein as the "Contingency Period"), to review and approve the matters described in Sections 2.1(a)-(f) above in Buyer's sole and absolute discretion. If Buyer determines in its sole and absolute discretion to proceed with the purchase of the Property, then Buyer shall, before the end of the Contingency Period, notify Seller in writing (the "Acceptance Notice") that Buyer has approved all of the matters described in Section 2.1(a)-(f) above, including, without limitation, all documents, agreements, surveys, reports and other items and materials delivered to or made available to Buyer in connection with this Agreement during the Contingency Period (the "Due Diligence Materials"), and Buyer shall place the Additional Deposit in escrow with the Title Company pursuant to Section 1.2(b)(2) above. If before the end of the Contingency Period Buyer fails, for any reason or no reason in its sole and absolute discretion, to give Seller such Acceptance Notice and deliver the Additional Deposit, then Buyer shall be deemed not to have elected to proceed with the purchase of the Property, this Agreement shall so terminate, the Nonrefundable Payment shall be retained by Seller, the Deposit shall be delivered to Buyer and neither party shall have any further rights or obligations hereunder except as provided in Sections 6.1, 9.3 and 9.9 below.

Contingency Period. The last day of the Contingency Period shall be, and hereby is, extended from September 2, 2011, at 5:00 p.m. Central Standard Time to September 9, 2011, at 5:00 p.m. Central Standard Time.

Contingency Period. The “Contingency Period,” as defined in Section 1 of the Contract, is hereby extended to February 29, 2008.