Inspection and Due Diligence Period Sample Clauses

Inspection and Due Diligence Period. This Agreement is contingent upon Buyer being satisfied that all of the Property is acceptable to Buyer in its sole and absolute discretion. Commencing on the Effective Date, as defined in Section 27 hereof, Buyer shall have until October 25, 2010 (subject to extension for a Delivery Failure as defined below) (the “Due Diligence Period”), to conduct any examinations, inspections, reviews, studies or tests as to the condition of each of the Premises, including any buildings or improvements thereon, all parking areas, landscaping and amenities, and to otherwise perform any due diligence with respect to each of the Premises and the other Property it deems necessary in its sole and absolute discretion (the “Inspections”); provided, however, all Inspections shall be subject to the provisions of Section 15 of this Agreement. Buyer’s right to conduct the Inspections shall include the right to perform or cause to be performed such examinations, inspections, reviews, studies or tests of each of the Premises and all of the other Property as Buyer shall deem necessary in its sole discretion, including, without limitation, soil tests and borings, zoning, traffic, marketing and land use studies, engineering inspections of all building and improvements, including all apartment units, the roofs, load bearing walls, structural support, elevators, HVAC and other mechanical systems, and environmental assessments. Buyer may also inspect and copy all books and records with respect to the operation of each of the Premises. Seller agrees to fully and promptly cooperate in good faith with Buyer’s Inspections. Seller has provided to Buyer the documents and items listed on Schedule 2 hereto. To the extent reasonably available to Seller, without the expenditure by Seller of any sum in excess of Five Hundred Dollars and 00/100 ($500.00) per Premises, Seller will provide, within two (2) business days of Buyer’s written request therefore, at any time during the Due Diligence Period, such other documents and items as Buyer may reasonably have requested in connection with Buyer’s inspection of each of the Premises and the other Property, including, without limitation, the following: copies of any existing surveys, appraisals, termite and pest inspections, title policies or reports (including legible copies of all exceptions), engineering reports, all pleadings (including settlement agreements) for all Material Litigation, as such term is defined in Section 12.(b)iv.2. hereof, commenced ...
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Inspection and Due Diligence Period. (a) During the period (the "Inspection Period") commencing with the Effective Date and expiring at 5:00 p.m. (Eastern Daylight Time) on the date which is forty-five (45) days from and after the Effective Date, provided Purchaser is not in default hereunder, Purchaser and Purchaser's Representatives shall, upon reasonable prior notice to Seller and subject to the rights of parties in possession, have full access during reasonable business hours to examine and inspect the Premises. Provided Purchaser is not in default hereunder, Purchaser and/or Purchaser's Representatives may make surveys, perform soil tests, environmental audits, engineering tests, and other investigations and tests as Purchaser in its reasonable discretion deems advisable (collectively, the "Inspection") and Seller grants to Purchaser and Purchaser's Representatives a non-exclusive license for such Inspection, subject to the terms and conditions set forth herein. Notwithstanding the foregoing, Purchaser shall not cause or permit any borings, drillings or samplings to be done or conducted on the Premises without the prior consent of Seller (such consent to be obtained from Xxxx Xxxxxxx). Seller and its agents, employees or designated representatives shall have the right to accompany Purchaser and Purchaser's Representatives during any inspections, testing or other activity performed at the Premises in accordance with the terms and conditions of this Section 5. Neither Purchaser nor any of the Purchaser's Representatives shall interview, communicate with or otherwise contact any tenant or other occupant of the Premises prior to the Closing without notifying Seller no less than two (2) Business Days prior to such requested contact date and giving Seller or its agents, employees or designated representatives the opportunity to accompany Purchaser or Purchaser's Representative in each such instance.
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Inspection and Due Diligence Period. Intentionally omitted.
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Inspection and Due Diligence Period 
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Related to Inspection and Due Diligence Period

  • Due Diligence Period (a) During the period (the “Due Diligence Period”) beginning on the Effective Date and ending at 5:00 p.m. Eastern time on November 19, 2014 (the “Expiration of the Due Diligence Period”), Purchaser shall have the right, upon a minimum of one Business Day’s prior telephonic or written notice to Seller, to make a physical inspection of the Property, including (i) a non-invasive inspection of the environmental condition thereof and such non-invasive physical engineering and other studies and tests on the Property as Purchaser deems appropriate in its sole discretion and (ii) with Seller’s consent, which Seller may withhold in its sole discretion, further inspections of the environmental condition of the Property and further physical engineering and other studies and tests on the Property that are invasive or could alter the physical condition of the Property (including examination of materials, soil samples, and groundwater). Prior to performing any inspection or test (whether non-invasive or otherwise), Purchaser must deliver a certificate of insurance to the applicable Seller evidencing that Purchaser and its contractors, agents and representatives have in place comprehensive general liability insurance (with policy limits of at least $1,000,000 per occurrence and $2,000,000 aggregate) and for workers’ compensation insurance (with policy limits not less than statutory requirements) for its activities on the Property on terms reasonably satisfactory to Seller covering any accident arising in connection with the presence of Purchaser, its contractors, agents and representatives on the Property, which insurance shall name Seller and the Company as additional insureds thereunder and Purchaser shall bear the cost of all such inspections or tests. All third-party professional inspection companies or individuals shall be duly licensed. Notwithstanding the foregoing, Purchaser shall give no fewer than two Business Days’ notice to Seller prior to inspecting any Tenant occupied portions of the Property. Subject to the provisions of this Section 2.3, Purchaser upon prior notice to Seller may meet with the current property manager at the Property. At Purchaser’s request, and to the extent in Seller’s or the Company’s possession, Seller shall make available to Purchaser copies of the maintenance records and reports for the Property. Purchaser shall (i) exercise reasonable care at all times that Purchaser shall be present upon the Property, (ii) at Purchaser’s expense, observe and comply with all applicable laws and any conditions imposed by any insurance policy then in effect with respect to the Property and made known to Purchaser, (iii) not engage in any activities which would violate the provisions of any permit or license pertaining to the Property and made known to Purchaser, (iv) not unreasonably disturb the Tenants or unreasonably interfere with their use of the Property pursuant to their respective Leases, (v) not unreasonably interfere with the operation and maintenance of the Property, (vi) repair any damage to the Property resulting directly or indirectly from Purchaser’s activities at the Property and (vii) not disclose any confidential information except as permitted under this Agreement or required by applicable law. Purchaser’s obligation pursuant to clauses (vi) and (vii) above shall survive any termination of this Agreement.

  • Inspection Period Buyer shall be under no obligation to purchase the Property or otherwise perform under this Agreement unless Buyer determines the Property to be, in all respects, suitable for its intended purposes. The decision as to whether the Property is suitable for its intended purposes shall be the sole decision of Buyer, determined in the absolute discretion of Buyer, with Buyer’s decision being final and binding upon both Parties. Buyer shall have until , 20 , at : ☐ AM ☐ PM to notify Seller of its termination of this Agreement due to Buyer's determination that the Property is unsuitable for its intended purpose ("Inspection Period"). In the event Buyer elects to terminate this Agreement, Buyer shall provide written notice of termination to Seller prior to the expiration of the Inspection Period. In the event Buyer provides said notice of termination, Seller and any Escrow Agent shall be obligated to return the Escrow Money to the Buyer as provided in Section V hereof, and neither party shall have any further rights or obligations under this Agreement. In the event Buyer does not submit written notice of termination prior to the expiration of the Inspection Period, the Buyer shall be deemed to be satisfied with its inspections of the Property and this contingency shall be deemed to be fulfilled. The Seller, at no expense, shall fully cooperate with Buyer in obtaining any and all approvals required from any Federal, State, or Local Government ("Governmental Approvals") necessary for Buyer to satisfy their needs during the Inspection Period for the suitability of the Property. Said Governmental Approvals shall be obtained during the Inspection Period unless the Parties agree otherwise. Any additional agreements related to this Section must be done in writing and attached to this Agreement.

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