Due Diligence Period Extensions Sample Clauses

Due Diligence Period Extensions. Purchaser shall have the right, in its sole discretion, to extend the Due Diligence Period for up to one (1) additional period of thirty (30) days (the “Due Diligence Period Extension”), the exercise of the Due Diligence Period Extension shall be accompanied by an additional xxxxxxx money deposit with the Escrow Holder in the amount of Two Thousand Five Hundred and 00/100 Dollars ($2,500.00) (the “Additional Deposit”).
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Due Diligence Period Extensions. At Buyer’s option, Buyer may extend the Due Diligence Period, at no cost, by an additional thirty (30) days (“Due Diligence Extension”) by providing written notice to Seller of the need to extend the Due Diligence Period. Buyer may only exercise this Due Diligence Extension option if (i) Buyer determines additional “Detailed Investigations” of the Property are necessary, (ii) Buyer experiences unreasonable delays in receiving Preliminary Title Report information that is not caused by Buyer, or (iii) Buyer requires additional time to conduct direct discussions with any existing tenants on the Property to discuss the term of their tenancy as described in Section 2.7, below. A “Detailed Investigation” must involve an investigation, analysis or report which, in Xxxxx’s reasonable discretion requires a subsequent or further report or analysis regarding the mechanical or structural sufficiency of the Property’s buildings, or Xxxxx’s intended use of the Property, or an environmental analysis beyond a Phase 1 Environmental Assessment. To exercise this Due Diligence Extension under subsection (i) above, Buyer must provide the Seller with any and all written reports or summary documents which purport to trigger the Detailed Investigation, and confirm that the Buyer will later provide a copy of the written report or analysis that will result from the Detailed Investigation. Nothing herein shall be interpreted to allow Buyer to conduct any deconstructive testing, any and all of which must be approved by Seller, in its sole discretion, in writing, before conducted.
Sample 1
Due Diligence Period Extensions. At Buyer’s option, Buyer may extend the Due Diligence Period, at no cost, by an additional thirty (30) days (“Due Diligence Extension”) by providing written notice to Seller of the need to extend the Due Diligence Period. Buyer may only exercise this Due Diligence Extension option if Buyer determines additional “Detailed Investigations” of the Property are necessary. This “Detailed Investigation” must involve an investigation and report which triggers a subsequent report or analysis regarding the mechanical or structural sufficiency of the Property’s buildings, or an environmental analysis beyond a Phase 1 Environmental Assessment. To exercise this Due Diligence Extension, Buyer must provide the Seller with any and all written reports or summary documents which purport to trigger the Detailed Investigation, and confirm that the Buyer will later provide a copy of the written report or analysis that will result from the Detailed Investigation. Nothing herein shall be interpreted to allow Buyer to conduct any deconstructive testing, any and all of which must be approved by Seller, in its sole discretion, in writing, before conducted.
Sample 1

Related to Due Diligence Period Extensions

  • Due Diligence Period (a) During the period (the “Due Diligence Period”) beginning on the Effective Date and ending at 5:00 p.m. Eastern time on November 19, 2014 (the “Expiration of the Due Diligence Period”), Purchaser shall have the right, upon a minimum of one Business Day’s prior telephonic or written notice to Seller, to make a physical inspection of the Property, including (i) a non-invasive inspection of the environmental condition thereof and such non-invasive physical engineering and other studies and tests on the Property as Purchaser deems appropriate in its sole discretion and (ii) with Seller’s consent, which Seller may withhold in its sole discretion, further inspections of the environmental condition of the Property and further physical engineering and other studies and tests on the Property that are invasive or could alter the physical condition of the Property (including examination of materials, soil samples, and groundwater). Prior to performing any inspection or test (whether non-invasive or otherwise), Purchaser must deliver a certificate of insurance to the applicable Seller evidencing that Purchaser and its contractors, agents and representatives have in place comprehensive general liability insurance (with policy limits of at least $1,000,000 per occurrence and $2,000,000 aggregate) and for workers’ compensation insurance (with policy limits not less than statutory requirements) for its activities on the Property on terms reasonably satisfactory to Seller covering any accident arising in connection with the presence of Purchaser, its contractors, agents and representatives on the Property, which insurance shall name Seller and the Company as additional insureds thereunder and Purchaser shall bear the cost of all such inspections or tests. All third-party professional inspection companies or individuals shall be duly licensed. Notwithstanding the foregoing, Purchaser shall give no fewer than two Business Days’ notice to Seller prior to inspecting any Tenant occupied portions of the Property. Subject to the provisions of this Section 2.3, Purchaser upon prior notice to Seller may meet with the current property manager at the Property. At Purchaser’s request, and to the extent in Seller’s or the Company’s possession, Seller shall make available to Purchaser copies of the maintenance records and reports for the Property. Purchaser shall (i) exercise reasonable care at all times that Purchaser shall be present upon the Property, (ii) at Purchaser’s expense, observe and comply with all applicable laws and any conditions imposed by any insurance policy then in effect with respect to the Property and made known to Purchaser, (iii) not engage in any activities which would violate the provisions of any permit or license pertaining to the Property and made known to Purchaser, (iv) not unreasonably disturb the Tenants or unreasonably interfere with their use of the Property pursuant to their respective Leases, (v) not unreasonably interfere with the operation and maintenance of the Property, (vi) repair any damage to the Property resulting directly or indirectly from Purchaser’s activities at the Property and (vii) not disclose any confidential information except as permitted under this Agreement or required by applicable law. Purchaser’s obligation pursuant to clauses (vi) and (vii) above shall survive any termination of this Agreement.

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Due Diligence During the term of this Agreement, the Company will reasonably cooperate with any reasonable due diligence review conducted by the Agent in connection with the transactions contemplated hereby, including, without limitation, providing information and making available documents and senior corporate officers, during normal business hours and at the Company’s principal offices, as the Agent may reasonably request from time to time.

  • EXPIRATION DATE AND EXTENSION This Contract expires December 28, 2022, unless it is terminated sooner pursuant to Article XX of the General Terms and Conditions, which are incorporated into this Contract by reference. This Contract may be extended up to two additional one-year periods upon request of Sourcewell and with written agreement by the Contractor, not to exceed a total of three years.

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