Common use of INABILITY TO OBTAIN MATERIALS Clause in Contracts

INABILITY TO OBTAIN MATERIALS. In the event that the Seller is unable to obtain certain materials as (are contained in the model house) (set forth in the specifications set forth on the building plans) to be included in the improvement to be erected hereunder, due to manufacturer’s shortages or inability to obtain such materials through no fault of Seller, Seller may substitute other materials in their place and stead provided Purchaser agrees to such substitution and further provided that said substitution will be acceptable to Purchaser’s lending institution and the local municipal agencies having jurisdiction over the construction of the improvement and further provided that the substitutions are reasonable and of least equal value.