General Contingencies Sample Clauses

General Contingencies. This Contract is entered into with the understanding that, at the time of Closing, the Property 472 will be vacant and there will not be any residential home or other structures erected or located on the Property, as well as 473 no Personal Property located on the Property, and the Seller has no responsibility for same. This Contract is contingent on 474 Buyer, within 90 days after Effective Date and prior to Closing Date, both: 1) obtaining financing as specified in Paragraph 8 475 of this Contract; and 2) entering into a Construction Contract as further described in Paragraph 20(b) of this Contract. 476
Sample 1
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General Contingencies. Fifteen thousand dollars of the purchase price shall be paid on or before July 1, 1996 subject to performance by Seller of its representations, warranties and covenants herein including but not limited to payment by Seller of those items specified in paragraphs 3(l), 3(m), 3(o), 3(q), 3(r), 6(b), 11, 12, 14 and 15 of this Agreement. The $15,000 of the purchase price due July 1, 1996 is security for and subject to deduction for the items specified in paragraphs 2(d), 3(l), 3(m), 3(o), 3(q), 3(r), 6(b), 11, 12, 14 and 15 of this Agreement.
Sample 1
General Contingencies. In addition to Qualification under Section 2.2 this offer is: (a) subject to Buyer's approval of the content of each of the items referenced in Section 7 above; and (b) is is not subject to Buyer's appraisal of the Property and mutual agreement on the final price. 9.1 Evaluations & Inspections Deadline. No later than the Evaluations & Inspections Deadline referenced in Section 25(c) Buyer shall: (a) complete all Evaluations & Inspections; and (b) determine if the Evaluations & Inspections are acceptable to Buyer.
Sample 1
General Contingencies. On or before May 15, 2000, Buyer --------------------- shall have notified Seller and Escrow Holder of Buyer's approval or disapproval of the following documents and matters, as applicable. (A) All permits, governmental authorizations, CC&R's, special assessment fees, soils reports and grading plans that relate to the Property; (B) The xxxx or bills issued for the most recent year for which bills have been issued for all real estate taxes with respect to the Property and a copy of any and all notices pertaining to real estate taxes or assessments applicable to the Property (collectively, the "Tax Bills"). Seller shall promptly deliver to Buyer a copy of any such Tax Bills received by Seller after the date hereof even if received after the Close of Escrow; (C) The results of a physical inspection of the Property, including without limitation, any and all soils, geologic, hydrology, seismic, environmental, engineering, endangered species, archeological, architectural or other inspections, studies or investigations which Buyer deems to be advisable; (D) A copy of the existing Phase I Environmental Assessment Report relating to the Property which Seller will provide to Buyer, without representation or warranty as to truth, accuracy or completeness, upon the Opening of Escrow; (E) All existing subdivision, zoning, land use entitlements or permit requirements (including without limitation water permits) applicable to the Property or Buyer's intended use or development thereof; (F) Such feasibility studies as Buyer deems advisable; and (G) The results of Buyer's review of the construction contracts, warranties, and plans and specifications pursuant to which the Improvements have been constructed.
Sample 1

Related to General Contingencies

  • COMMITMENTS AND CONTINGENCIES As of June 30, 2015, future minimum net payments under all operating leases are as follows (in thousands): Six months ending December 31, 2015 $ 87 $ 24 $ 111 Years ending December 31, 2017 — — — Total minimum net payments $ 87 $ 24 $ 111 Less: amount representing interest — Present value of net minimum payments 111 Less: current portion (111 ) Long-term portion of capital lease obligations $ — In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expires on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expires in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in August 2015. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2013. Rent expense under all operating leases was not significant for each of the three months ended June 30, 2015 and 2014, respectively.

  • MORTGAGE CONTINGENCY A. This agreement is contingent upon Purchaser obtaining approval of a Conventional, FHA or VA (if FHA or VA, see attached required addendum) or mortgage loan of $ for a term of no more than years at an initial fixed or adjustable nominal interest rate not to exceed % (percent). Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this contract. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker. Upon receipt of a written mortgage commitment or in the event Purchaser chooses to waive this mortgage contingency, Purchaser shall provide notice in writing to of Purchaser’s receipt of the mortgage commitment or of Purchaser’s waiving of this contingency. Upon receipt of such notice this contingency shall be deemed waived or satisfied as the case may be. In the event notice as called for in the preceding sentence has not been received on or before , , then either Purchaser or Seller may within five business days of such date terminate, or the parties may mutually agree to extend, this contract by written notice to . Upon receipt of termination notice from either party, and in the case of notice by the Purchaser, proof of Purchaser’s inability to obtain said mortgage approval, this agreement shall be cancelled, null and void, and all deposits made hereunder shall be returned to the Purchaser.

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