Extension of Inspection Date Sample Clauses

Extension of Inspection Date. The first sentence of Section 3.2 of the Contract is hereby deleted in its entirety and the following is substituted in lieu thereof: "Seller agrees that in the event Purchaser determines, in Purchaser's sole and absolute discretion, that it does not wish to acquire the Property for any reason or no reason, then Purchaser shall have the right to terminate this Agreement by giving written notice of such termination to Seller on or before December 26, 2013 (the "Inspection Date'').”
Sample 1
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Extension of Inspection Date. Buyer shall have the right and option to extend the Inspection Date through and including February 2, 2005, by (i) giving written notice (“First Extension Notice”) to Seller not later than January 3, 2005, and (ii) simultaneously sending to Escrow Agent the sum of Twenty-Five Thousand and No/100 Dollars ($25,000.00) (“First Extension Fee”). The First Extension Fee will constitute consideration payable to Seller for the first extension of the Inspection Date, and will be fully earned by Seller and non-refundable to Buyer when Buyer gives the First Extension Notice (except in the event of a default by Seller resulting in termination of this Agreement by Buyer). If, and only if, Closing actually occurs, the First Extension Fee will, if paid by Buyer, be applied as a credit against the Purchase Price at Closing. Otherwise, if this Agreement terminates prior to Closing for any reason other than a default by Seller, the First Extension Fee will, if paid by Buyer, be disbursed by Escrow Agent to Seller. If Buyer timely gives the First Extension Notice, Buyer shall have the further right and option to extend the Inspection Date through and including March 4, 2005, by (i) giving written notice (“Second Extension Notice”) to Seller not later than February 2, 2005, and (ii) simultaneously sending to Escrow Agent the sum of Fifty Thousand and No/100 Dollars ($50,000.00) (“Second Extension Fee”). The Second Extension Fee will constitute consideration payable to Seller for the second extension of the Inspection Date, and will be fully earned by Seller and non-refundable to Buyer when Buyer gives the Second Extension Notice (except in the event of a default by Seller resulting in termination of this Agreement by Buyer). If, and only if, Closing actually occurs, the Second Extension Fee will, if paid by Buyer, be applied as a credit against the Purchase Price at Closing. Otherwise, if this Agreement terminates prior to Closing for any reason other than a default by Seller, the Second Extension Fee will, if paid by Buyer, be disbursed by Escrow Agent to Seller. The First Extension Fee and the Second Extension Fee are sometimes referred to in this Agreement individually as an “Extension Fee” and collectively as the “Extension Fees”.
Sample 1
Extension of Inspection Date. Section 3.2 of the Contract is hereby deleted in its entirety and the following is substituted in lieu thereof: "Seller agrees that in the event Purchaser determines, in Purchaser's sole and absolute discretion, that it does not wish to acquire the Property for any reason or no reason, then Purchaser shall have the right to terminate this Agreement by giving written notice of such termination to Seller on or before January 10, 2014 (the "Inspection Date''). Upon any such termination of this Agreement pursuant to Purchaser's rights under the first sentence of this Section 3.2, the Xxxxxxx Money shall be promptly returned to Purchaser in accordance with Section 1.6 hereof and Purchaser and Seller shall have no further rights and obligations hereunder except those which expressly survive termination of this Agreement. If Purchaser fails to give Seller timely notice of termination on or before the Inspection Date, then (subject to the following sentence) Purchaser shall no longer have the right to terminate this Agreement under this Section 3.2 and (subject to any contrary provisions of this Agreement) shall be bound to proceed to Closing and consummate the transaction contemplated hereby pursuant to the terms of this Agreement, and the Xxxxxxx Money shall be nonrefundable to Purchaser, but for Purchaser's right to a return of the Xxxxxxx Money pursuant to the provisions of Sections 4.6, 6.2, or 7.1 of this Agreement. Notwithstanding the foregoing, in the event Purchaser does not receive a Phase I environmental site assessment which is reasonably satisfactory to Purchaser on or before January 17, 2014 (the "Phase I Deadline''), then Purchaser shall have the right to terminate this Agreement by giving written notice of such termination to Seller on or before the Phase I Deadline. Upon any such termination of this Agreement pursuant to Purchaser's rights under the foregoing sentence of this Section 3.2, the Xxxxxxx Money shall be promptly returned to Purchaser in accordance with Section 1.6 hereof, and Purchaser and Seller shall have no further rights and obligations hereunder except those which expressly survive termination of this Agreement. For avoidance of doubt, if Purchaser fails to give Seller timely notice of termination on or before the Phase I Deadline, then Purchaser shall no longer have the right to terminate this Agreement under this Section 3.2 and (subject to any contrary provisions of this Agreement) shall be bound to proceed to Closing and consu...
Sample 1

Related to Extension of Inspection Date

  • Visitation, Inspection, Etc The Borrower will, and will cause each of its Subsidiaries to, permit any representative of the Administrative Agent or any Lender, to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to the Borrower.

  • Inspection of Agreement A copy of this Agreement shall be available at all reasonable times at the principal corporate trust office of the Warrant Agent for inspection by the holder of any Warrant Certificate. The Warrant Agent may require such holder to submit his Warrant Certificate for inspection by it.

  • Adjustment of Commencement Date; Possession 3.01 If Landlord is required to perform Landlord Work prior to the Commencement Date: (a) the date set forth in Section 1.06 as the Commencement Date shall instead be defined as the “Target Commencement Date”; (b) the actual Commencement Date shall be the date on which the Landlord Work is Substantially Complete (defined below); and (c) the Termination Date will the last day of the Term as determined based upon the actual Commencement Date. Landlord’s failure to Substantially Complete the Landlord Work by the Target Commencement Date shall not be a default by Landlord or otherwise render Landlord liable for damages. Promptly after the determination of the Commencement Date, Landlord and Tenant shall enter into a commencement letter agreement in the form attached as Exhibit D. If the Termination Date does not fall on the last day of a calendar month, Landlord and Tenant may elect to adjust the Termination Date to the last day of the calendar month in which Termination Date occurs by the mutual execution of a commencement letter agreement setting forth such adjusted date. The Landlord Work shall be deemed to be “Substantially Complete” on the date that all Landlord Work has been performed, other than any details of construction, mechanical adjustment or any other similar matter, the non-completion of which does not materially interfere with Tenant’s use of the Premises. If Landlord is delayed in the performance of the Landlord Work as a result of the acts or omissions of Tenant, the Tenant Related Parties (defined in Section 13) or their respective contractors or vendors, including, without limitation, changes requested by Tenant to approved plans, Tenant’s failure to comply with any of its obligations under this Lease, or the specification of any materials or equipment with long lead times (a “Tenant Delay”), the Landlord Work shall be deemed to be Substantially Complete on the date that Landlord could reasonably have been expected to Substantially Complete the Landlord Work absent any Tenant Delay.

  • Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings (a) Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the properties of such Person at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of such Person with the officers thereof and independent accountants therefor.

  • Visitation and Inspection The Borrower will, and will cause each of its Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to the Borrower; provided that (a) so long as no Event of Default shall have occurred and be continuing, the Administrative Agent and the Lenders shall not make more than one (1) such visit and inspection in any Fiscal Year; (b) if an Event of Default has occurred and is continuing, no prior notice shall be required and the limitation on the number of visits and inspections shall no longer apply; (c) any such inspection and examination, copies and discussions shall not be permitted to the extent it would violate confidentiality agreements or result in a loss of attorney-client privilege or claim of attorney work product so long as the Borrower notifies the Administrative Agent of such limitation and the reason therefor; and (d) any such inspection and examination, copies and discussions shall be subject to the terms of any applicable Master Lease and the accompanying Collateral Access Agreement.

  • Evidence of Compliance with Conditions Precedent The Guarantor shall provide to the Guarantee Trustee such evidence of compliance with such conditions precedent, if any, provided for in this Guarantee Agreement that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) may be given in the form of an Officers' Certificate.

  • Audit and Inspection During the Term of this Agreement each Party and its duly authorized representatives, upon reasonable notice and during normal working hours, shall have access to the accounting records and other documents maintained by the other Party, or any of the other Party’s contractors and agents, which relate to this Agreement; provided that, neither this Section nor any other provision hereof shall entitle the Company to have access to any records concerning any xxxxxx or offsetting transactions or other trading positions or pricing information that may have been entered into with other parties or utilized in connection with any transactions contemplated hereby or by any other Transaction Document. The right to inspect or audit such records shall survive termination of this Agreement for a period of two (2) years following the Termination Date. Each Party shall preserve, and shall cause all contractors or agents to preserve, all of the aforesaid documents for a period of at least two (2) years from the Termination Date.

  • Maintenance of Records by Lenders Each Lender shall maintain in accordance with its usual practice records evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts and Currency of principal and interest payable and paid to such Lender from time to time hereunder.

  • Maintenance of Books and Records; Inspection The Company shall maintain its books, accounts and records in accordance with generally accepted accounting principles consistently applied, and permit the Secured Party, its officers and employees and any professionals designated by the Secured Party in writing, at any time to visit and inspect any of its properties (including but not limited to the collateral security described in the Transaction Documents and/or the Loan Instruments), corporate books and financial records, and to discuss its accounts, affairs and finances with any employee, officer or director thereof.

  • Access to Certain Documentation and Information Regarding the Mortgage Loans; Inspections (a) Each Servicer shall afford the Depositor and the Trustee reasonable access to all records and documentation regarding the Mortgage Loans and all accounts, insurance information and other matters relating to this Agreement, such access being afforded without charge, but only upon reasonable request and during normal business hours at the office designated by such Servicer.

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