Common use of Due Diligence Documents and Contingency Period Clause in Contracts

Due Diligence Documents and Contingency Period. Buyer shall have until the end of the business day on October 8, 2003 (the "Contingency Period") to obtain such Due Diligence Documents it may desire and to conduct all of its inspections, due diligence and review to satisfy itself regarding each item, the Property and this transaction. After receipt and review of the Due Diligence Documents or after Buyer's inspection of the Property, Buyer may cancel this Agreement for any reason in its sole discretion by delivering a cancellation notice, return receipt requested, to Seller and Closing Agent prior to the end of the Contingency Period, in which event the Earnest Money xxxxx be returned in full to Buyer immediately and neither party shall have any further duties or obligations to the other hereunder. Such notice shall be deemed effective upon receipt by Seller.