Common use of Feasibility Study Clause in Contracts

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in Xxxxx’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_7_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for XxxxxBuyer’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx Buyer will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of XxxxxBuyer’s determination of whether or not the Property is acceptable. XxxxxBuyer’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and XxxxxBuyer’s Deposit(s) will be returned after Xxxxxx Escrow Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. XxxxxBuyer’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for XxxxxBuyer’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx Buyer will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of XxxxxBuyer’s determination of whether or not the Property is acceptable. XxxxxBuyer’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and XxxxxBuyer’s Deposit(s) will be returned after Xxxxxx Escrow Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. XxxxxBuyer’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ _15 [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in Xxxxx’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts {00264319}2 the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.. {00264319}3

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of _7 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.. {00264319}2

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ 30 [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for XxxxxBuyer’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx Buyer will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of XxxxxBuyer’s determination of whether or not the Property is acceptable. XxxxxBuyer’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and XxxxxBuyer’s Deposit(s) will be returned after Xxxxxx Escrow Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. XxxxxBuyer’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 15 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in Xxxxx’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ 0 [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.. {00264319}2

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for XxxxxBuyer’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx Buyer will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of XxxxxBuyer’s determination of whether or not the Property is acceptable. XxxxxBuyer’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and XxxxxBuyer’s Deposit(s) will be returned after Xxxxxx Escrow Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. XxxxxBuyer’s failure to timely close thereafter shall be deemed a breach by the Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 15 days_ [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in Xxxxx’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts {00264319}2 the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.. {00264319}3

Appears in 1 contract

Samples: Purchase and Sale Agreement

Feasibility Study. This Agreement shall be considered “As-Is with Right to Inspect”. Buyer shall have a period of 7 days_ 15 [if blank, seven (7) days] from the Execution Date to determine whether the Property is suitable, in XxxxxBuyer’s sole and absolute discretion for Xxxxx’s uses. During the Feasibility Study Period, Buyer may conduct a property inspection, title examination, environmental audit(s), surveys, review of zoning, land use and legal proceedings and any other tests, analyses, and investigations to determine the Property’s suitability to Buyer’s needs. Xxxxx will deliver written notice to Seller prior to the expiration of the Feasibility Study Period of Xxxxx’s determination of whether or not the Property is acceptable. Xxxxx’s failure to comply with this notice requirement will constitute acceptance of the Property as suitable for Buyer’s intended uses in its “as is” condition. If the Property is unacceptable to Buyer and written notice of this fact is timely delivered to Seller, this Agreement will be deemed terminated as of the day after the Feasibility Study Period ends and Xxxxx’s Deposit(s) will be returned after Xxxxxx Agent receives proper authorization from all interested parties. Thereafter, the parties shall have no further mutual obligations under this Agreement. Seller makes no warranties whatsoever, including marketability of title, and in the event Buyer fails to provide written notification of its election to terminate this Agreement before the end of the Feasibility Study Period, Buyer accepts the Property “As-Is”. Xxxxx’s failure to timely close thereafter shall be deemed a breach by the Buyer.. {00264319}2

Appears in 1 contract

Samples: Purchase and Sale Agreement

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