Common use of Feasibility Contingency Clause in Contracts

Feasibility Contingency. Buyer’s obligations under this Agreement are conditioned upon Xxxxx's satisfaction in Buyer’s sole discretion, concerning all aspects of the Property, including its physical condition; the presence of or absence of any hazardous substances; the contracts and leases affecting the property; the potential financial performance of the Property; the availability of government permits and approvals; and the feasibility of the Property for Buyer's intended purpose. This Agreement shall terminate and Buyer shall receive a refund of the xxxxxxx money unless Xxxxx gives written notice to Seller within days (30 days if not filled in) (the “Feasibility Period”) of Mutual Acceptance stating that this condition is satisfied. If such notice is timely given, the feasibility contingency stated in this Section 5 shall be deemed to be satisfied.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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Feasibility Contingency. Buyer’s obligations under this Agreement are conditioned upon Xxxxx's Buyer’s satisfaction in Buyer’s sole discretion, concerning all aspects of the Property, including its physical condition; the presence of or absence of any hazardous substances; the contracts and leases affecting the property; the potential financial performance of the Property; the availability of government permits and approvals; and the feasibility of the Property for Buyer's ’s intended purpose. This Agreement shall terminate and Buyer shall receive a refund of the xxxxxxx money unless Xxxxx Buyer gives written notice to Seller within days (30 days if not filled in) (the “Feasibility Period”) of Mutual Acceptance stating that this condition is satisfied. If such notice is timely given, the feasibility contingency stated in this Section 5 shall be deemed to be satisfied.

Appears in 1 contract

Samples: Purchase Agreement

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Feasibility Contingency. Buyer’s obligations under this Agreement are conditioned upon Xxxxx's satisfaction in Buyer’s sole discretion, concerning all aspects of the PropertyBusiness, including its physical and financial condition; the presence of or absence of any hazardous substancessubstances on the real property; the contracts and leases affecting the propertyBusiness; the potential financial performance of the PropertyBusiness; the availability of government permits and approvals; and the feasibility of the Property Business for Buyer's intended purpose. This Agreement shall terminate and Buyer shall receive a refund of the xxxxxxx money unless Xxxxx gives written notice to Seller within days (30 days if not filled in) (the “Feasibility Period”) of Mutual Acceptance stating that this condition is satisfied. If such notice is timely given, the feasibility contingency stated in this Section 5 shall be deemed to be satisfied.

Appears in 1 contract

Samples: Purchase Agreement

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