Feasibility Study Period. (a) Purchaser's obligations hereunder are ------------------------ subject to Purchaser's satisfactory engineering study of the improvements at the Property and Purchaser's receipt of all applicable Federal, State and local governmental approvals for occupancy and use of the Property as a rehabilitation hospital. Purchaser shall use reasonable efforts to secure all necessary licenses, permits and approvals within fifteen (15) days of the Effective Date and agrees to give Seller prompt written notice of the results of all requests for said licenses, permits and approvals. In the event the foregoing conditions are not satisfied in Purchaser's reasonable discretion, then Purchaser shall have the right to give written notice to Seller not later than May 25, 1998, terminating this Agreement, and in such event, Purchaser shall be entitled to a refund of all of the Deposit, less the sum of $100.00 which shall be paid to Seller as consideration for entering into this Agreement, and neither party shall have any right, duty or obligation pursuant to this Agreement, except for any rights or obligations hereunder which, by their terms, survive any termination, cancellation, rescission, expiration or consummation of this Agreement.
(b) INSPECTION OF PROPERTY; AS-IS CONVEYANCE. Purchaser represents ---------------------------------------- and warrants that Purchaser has fully inspected or will fully inspect the Property before Closing, and has been or is being given full opportunity to conduct any studies and investigations requested of Seller, including the opportunity to conduct its own physical and environmental inspections and other inspections described in paragraph 8. NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH IN THIS AGREEMENT, THE PROPERTY, INCLUDING, WITHOUT LIMITATION, THE ROOF, ALL STRUCTURAL COMPONENTS (SUCH AS ITS FOUNDATION, SLAB, BEARING WALLS, AND COLUMNS), ALL HEATING, VENTILATING, AIR CONDITIONING, MECHANICAL, PLUMBING AND ELECTRICAL SYSTEMS, AND ALL OTHER PARTS OF THE BUILDING(S) LOCATED ON THE PROPERTY, WILL BE CONVEYED IN "AS-IS" "WHERE-IS" CONDITION ON THE CLOSING DATE. PURCHASER ACKNOWLEDGES THAT THE PRICE OF THE PROPERTY WAS NEGOTIATED BASED UPON THE PROPERTY'S PRESENT CONDITION; ACCORDINGLY, SELLER IS NOT OBLIGATED TO MAKE REPAIRS TO THE PROPERTY, UNLESS OTHERWISE STATED HEREIN, AND PURCHASER HAS NO RIGHT TO DEMAND ANY REPAIRS. It is agreed that Purchaser is not relying on any representation or warranty of Seller, its representatives, ag...
Feasibility Study Period. Prior to the date of this Agreement Seller has made available to Buyer and its Authorized Representatives the Environmental Documents, Orders, and Environmental Permits. Seller has provided Buyer with timely, reasonable access to Seller's Authorized Representatives with knowledge of any relevant facts relating to the Environmental Documents, the Environmental Conditions, or the Remediation Activities. Seller has provided Buyer and its Authorized Representatives access to the Real Property prior to the signing of this document to inspect and to survey the Real Property and conduct Buyer's due diligence investigations of the Terminals ("Feasibility Study Period"). Seller has provided Buyer and its Authorized Representatives reasonable access during normal business hours to the Terminals to conduct such activities during the Feasibility Study Period, subject to Seller's policies and regulations regarding safety and security. The Feasibility Study Period shall be extended for that period of time between the Effective Date and the date 10 days prior to the Closing solely for the purposes of discussions with appropriate government officials and regulators relative to the transfer and securing of Permits, the assumption of environmental liabilities by Buyer and general transition matters. Buyer and Seller shall coordinate the timing, attendance, and subject matter of any such meeting during the Feasibility Study Period as so extended, including without limitation the identity of Buyer and Seller representatives who will attend such meetings.
Feasibility Study Period. Prior to the date of this Agreement Seller has made available to Buyer and its Authorized Representatives the Environmental Documents, Orders, and Environmental Permits. Seller has provided Buyer with timely, reasonable access to Seller’s Authorized Representatives with knowledge of any relevant facts relating to the Environmental Documents, the Environmental Conditions, or the Remediation Activities. Seller has provided Buyer and its Authorized Representatives access to the Real Property prior to the signing of this document to inspect and to survey the Real Property and conduct Buyer’s due diligence investigations of the Terminal (“Feasibility Study Period”). Seller has provided Buyer and its Authorized Representatives reasonable access during normal business hours to the Terminal to conduct such activities during the Feasibility Study Period, subject to Seller’s policies and regulations regarding safety and security.
Feasibility Study Period. The Purchaser shall have a period of sixty (60) days from execution of the Agreement, in which to evaluate the Property for its intended use, conduct tests and studies of the Property, and obtain the required corporate approval. In the event that Purchaser does not proceed with the Agreement in its sole and absolute discretion, the initial deposit of One Hundred Thousand Dollars ($100,000.00) shall be immediately returned to Purchaser and a copy of the Purchaser's proposed site plan wi1l be forwarded to the Seller.
Feasibility Study Period. Prior to the date of this Agreement Seller has made available to Buyer and its Authorized Representatives the Environmental Documents, Orders, and Environmental Permits. Seller has provided Buyer with timely, reasonable access to Seller's Authorized Representatives with knowledge of any relevant facts relating to the Environmental Documents, the Environmental Conditions, or the Remediation Activities. Seller has provided Buyer and its Authorized Representatives access to the Real Property prior to the signing of this document to inspect and to survey the Real Property and conduct Buyer's due diligence investigations of the Terminal ("Feasibility Study Period"). Seller has provided Buyer and its Authorized Representatives reasonable access during normal business hours to the Terminal to conduct such activities during the Feasibility Study Period, subject to Seller's policies and regulations regarding safety and security.
Feasibility Study Period. This phase consists of the period of two (2) years commencing from the expiration or termination of the Exploration or Pre- Feasibility Study Period.
Feasibility Study Period. For a period of six (6) months after the Effective Date, or until the Site is purchased from Landowner, whichever occurs first (the “Term”), Middle Daisy and Onyx shall be entitled to make such investigations, examinations and studies of the Property as each deems necessary or desirable (the "Feasibility Studies"), including without limitation, review and approval of the condition of title, any lease or sublease affecting the Property, any contract or other commitment with respect to the Property, tax and appraisal issues, preliminary construction issues, and land use and energy development regulatory issues; conduct soils tests and studies, environmental site assessments, and surveys; and perform drilling, excavation, push-pull tests and other geotechnical activities and studies on, in, and under the Site. Landowner shall provide Onyx with such cooperation, at no out-of-pocket cost to Landowner, as Onyx may reasonably require in connection with the Feasibility Studies for the Property, including delivery of reasonably requested materials within fifteen (15) days after mutual execution and delivery of this Agreement. The Feasibility Studies and all reports and summaries regarding the results thereof, whether prepared by Onyx or its consultants, shall be the sole property of Onyx.
Feasibility Study Period. Prior to the date of the Pipeline Purchase and Sale Agreement Seller has made available to Buyer and its Authorized Representatives the Environmental Documents, Orders, and Environmental Permits. Seller has provided Buyer with timely, reasonable access to Seller's Authorized Representatives with knowledge of any relevant facts relating to the Environmental Documents, the Environmental Conditions, or the Remediation Activities. Seller has provided Buyer and its Authorized Representatives access to the Real Property prior to the signing of this document to inspect and to survey the Real Property and conduct Buyer's due diligence investigations of the Terminal ("Feasibility Study Period"). Seller has provided Buyer and its Authorized Representatives reasonable access during normal business hours to the Terminal to conduct such activities during the Feasibility Study Period, subject to Seller's policies and regulations regarding safety and security.
Feasibility Study Period. During the period commencing on the date of this Agreement and ending on November 19, 2012 (the “Feasibility Study Period”), Purchaser shall conduct a review with respect to the Property and satisfy itself with respect to the condition of and other matters related to the Property and its suitability for Purchaser’s intended use (the “Feasibility Study”). The Feasibility Study may include all inspections and studies Purchaser deems necessary or desirable, in its sole discretion. Purchaser and Purchaser’s agents, representatives, consultants, architects and engineers will have the right, from time to time, from and after the date of this Agreement to enter onto the Property and make borings, drive test piles and conduct any other tests and studies that may be necessary or desirable to ascertain the condition and suitability of the Property for Purchaser’s intended use. Such tests and inspections are to be performed in a manner not disruptive to tenants or to the operation of the Property and in compliance with the lease rights of the tenants. Purchaser shall protect, defend and indemnify Seller from and against any liens or encumbrances arising due to exercise of this right of entry and shall cause any such liens or encumbrances to be promptly released. Seller agrees to make available to Purchaser, all books, records, contracts, plans, and other documents in Seller’s files or in the files of its agents or affiliates relating to the operation and maintenance of the Property. On or prior to the end of the Feasibility Study Period, Purchaser shall designate those Service Contracts it desires to assume at closing. Any Service Contracts not assumed by Purchaser shall be terminated by Seller effective as of the Closing Date.
Feasibility Study Period. Purchaser shall have the right from the date hereof through 5:00 p.m. Eastern Time on January 2, 1997 (the "Feasibility Study Period") to make such investigations, studies and tests with respect to the Property as Purchaser deems necessary or appropriate to determine the feasibility of purchasing the Property. If, during the Feasibility Study Period, Purchaser determines, in its sole discretion, that the Property is not acceptable to Purchaser or the purchase thereof is not feasible, then Purchaser may, at any time prior to 5:00 p.m. Eastern Time on January 2, 1997, terminate this Agreement by written notice to Seller (such notice to be received by Seller prior to the final day of the Feasibility Study Period). Prior to Settlement, Purchaser will, pursuant to the terms hereof, have made such examination of the Property and all matters relating to this transaction as Purchaser deems necessary. In entering into this Agreement, Purchaser has not been induced by and has not relied upon any representation, warranty or statement whether express or implied, made by
