Governmental Approval Period Contingency Sample Clauses

Governmental Approval Period Contingency. (a) During the Governmental Approval Period, Purchaser will use reasonable efforts to obtain all necessary and required approvals from the City of Tucson and other necessary governmental authorities (collectively referred to as “Approvals”), if necessary, in a form acceptable to Purchaser, in its sole discretion, for the an urban farm and arts and culture site and ancillary uses. Seller shall reasonably cooperate with Purchaser in Purchaser’s efforts to obtain the Approvals, including but not limited to signing any authorizations reasonably necessary or required in order to assist Purchaser in obtaining the Approvals, and signing all documents and instruments relating to the Property reasonably necessary to enable Purchaser to obtain the Approvals. Notwithstanding the foregoing, Seller shall not be responsible for any costs or expenses related to obtaining the Approvals. If at any time prior to expiration of the Governmental Approval Period, Purchaser in its sole discretion (i) determines that the Approvals are not obtainable in substance and with stipulations and development requirements and at a cost satisfactory to Purchaser, or (ii) determines that the Approvals are not timely obtainable, or (iii) Purchaser is otherwise dissatisfied with the status or prospects of obtaining the Approvals, then Purchaser may, prior to expiration of the Governmental Approval Period, elect to cancel this Agreement by delivering written notice to Seller, whereupon this Agreement shall be terminated and any Additional Escrow Deposits and accrued interest shall be immediately paid by Escrow Agent to Purchaser without any further instructions or directions from any party hereto.. If Purchaser does not give notice accepting the Approvals prior to expiration of the Governmental Approval Period, or any extensions thereof, then Purchaser shall be deemed to have disapproved the condition of the Property and Escrow Agent shall immediately return the Additional Escrow Deposit to Purchaser without any further instructions or directions from any party hereto. Purchaser shall be entitled to waive the Approvals set forth in this Section 2.4 in its sole and exclusive right at any time prior to expiration of the Governmental Approval Period by delivering written notice of same to Seller.
Sample 1
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Related to Governmental Approval Period Contingency

  • Governmental Approval Any Governmental Approval shall have been revoked, rescinded, suspended, modified in an adverse manner or not renewed for a full term, and such revocation, rescission, suspension, modification or non-renewal has, or could reasonably be expected to have, a Material Adverse Effect.

  • Governmental Approvals No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is required in connection with the due execution, delivery and performance by any Loan Party of any Loan Document to which it is or will be a party.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • Approval Required This Agreement may not be amended without written consent of all of the Partners.

  • Project Approvals Borrower will obtain in the ordinary course of business all Project Approvals not heretofore obtained by Borrower (being those listed and described on Part XII of the Project Schedules attached hereto as Exhibit A and any other Project Approvals which may hereafter become required or necessary) and will furnish Agent with evidence that Borrower has obtained such Project Approvals promptly upon its request. Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy, operate, and sell Units following the completion of the construction of the Improvements. Borrower will also obtain in the ordinary course of business all utility installations and connections required for the operation and servicing of the Projects for its intended purposes, and will furnish Agent with evidence thereof. Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described in Parts XII and XIII of the Project Schedules attached hereto as Exhibit A.

  • Prior Approval Required Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of LAFCO. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

  • FAA APPROVAL This Agreement may be subject to approval of the FAA. If the FAA disapproves this Agreement, it will become null and void, and both Parties will bear their own expenses relative to this Agreement, up to the date of disapproval.

  • Final Approval After Acceptance, Engineer shall perform any required modifications, changes, alterations, corrections, redesigns, and additional work necessary to receive Final Approval by the County. "Final Approval" in this sense shall mean formal recognition that the Engineering Services have been fully carried out.

  • Inspection and Approval All works embracing more than one process shall be subject to examination and approval at each stage thereof and the Contractor shall given due notice to the Engineer-in-Charge or his authorized representative when each stage is ready. In default of such notice the Engineer-in- Charge shall be entitled to appraise the quality and extent thereof.

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