Common use of Due Diligence and Time for Satisfaction of Conditions Clause in Contracts

Due Diligence and Time for Satisfaction of Conditions. Purchaser shall have the right to commence due diligence with respect to the Property following the date on which this Agreement is fully executed by the parties hereto (the "Contract Date") and the due diligence period ("Due Diligence Period") shall expire on July 30, 1997, provided, however, in the event that Seller fails to deliver to Purchaser any of the items identified on Exhibit G attached hereto and identified with an asterisk (the "Delivery Items") on or before the date that is five (5) days after the Contract Date, the Due Diligence Period shall be extended with respect to such undelivered Delivery Item only by one day for each day beyond such fifth (5th) day until such Delivery Item is delivered to Purchaser. In addition to the foregoing, Seller shall, upon 24 hours notice, make available to Purchaser and its employees, representatives, counsel and consultants access to all of its books, records and files relating to the Property in Seller's possession or reasonable control, including, without limitation, all of the items set form on said Exhibit G other than the Delivery Items, and Seller agrees, to the extent reasonably feasible, to allow Purchaser to make copies at Seller's office or the property management office of such items as Purchaser reasonably requests. As used in this Agreement, the term "