Common use of Delay in Remedying Defects Clause in Contracts

Delay in Remedying Defects. ‌ If any such Defect or damage is not remedied by Seller within a reasonable time or requires prompt remediation as a result of an emergency situation existing at the Site, Buyer may proceed to do the Work at Seller’s risk and expense provided that it does so in a reasonable manner and notifies Seller of Buyer’s intention so to do. All Costs incurred by Buyer shall be deducted from the Purchase Price or be paid by Seller to Buyer.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

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Delay in Remedying Defects. If any such Defect or damage is not remedied by Seller within a reasonable time or requires prompt remediation as a result of an emergency situation existing at the Site, Buyer may proceed to do the Work at Seller’s risk and expense provided that it does so in a reasonable manner and notifies Seller of Buyer’s intention so to do. All Costs incurred by Buyer shall be deducted from the Purchase Price or be paid by Seller to Buyer.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase and Sale Agreement

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