INSPECTION AND FINANCING CONDITION Sample Clauses

INSPECTION AND FINANCING CONDITION. The Purchaser shall have the right to a reasonable inspection of the property within 180 days after the effective date of this contract ("feasibility period"). Should Purchaser be dissatisfied with the inspection for any reason, Purchaser may, by written notice to Seller within the 180-day period, terminate this contract without obligation and receive a refund of its xxxxxxx money deposit. The Purchaser intends to build and operate a plant to process corn into ethanol upon the property. In the event that Purchaser is unable to obtain zoning or regulatory approval from any authority required for Purchaser's intended use, or if Purchaser is unable to obtain debt or equity financing required for Purchaser's intended use of the Property, the Purchaser may, by written notice to Seller within the 180-day period, terminate this contract without obligation and receive a refund of its xxxxxxx money deposit. If Purchaser is taking such commercially-reasonable steps prior to the end of the initial 180-day feasibility period as Purchaser in good faith believes are necessary or appropriate to obtain such financing, then Purchaser shall have the one-time right to extend the feasibility period an additional 70 days from the original date of expiration, and all references herein to the feasibility period, and all rights of Purchaser which may be exercised prior to the end of the feasibility period, shall also be extended to such date. Failure by the Purchaser to terminate this contract prior to the expiration of the feasibility period, shall constitute Purchaser's acceptance of the property in its "as is"/"where is," "with all faults" condition. This provision shall survive the closing. Purchaser shall hold harmless and indemnify Seller from and against any and all claims, causes of action, damages, liability and related expenses arising from or related to inspection of the property by Purchaser or its employees, agents, or contractors, including but not limited to environmental inspections. Purchaser shall indemnify, defend, and hold Seller harmless from and against any and all claims, demands, liabilities, costs, expenses, penalties, damages and losses, including, but not limited to, reasonable attorneys' fees resulting from any injuries to persons or damage to property which occur as a result of Purchaser, or its representatives, entering upon the property.
Sample 1
AutoNDA by SimpleDocs

Related to INSPECTION AND FINANCING CONDITION

  • No Financing Condition Parent and Merger Sub each acknowledge and agree that obtaining the Debt Financing is not a condition to the Closing. If the Debt Financing has not been obtained, Parent and Merger Sub will each continue to be obligated, subject to the satisfaction or waiver of the conditions set forth in Article VII, to consummate the Merger.

  • Buyer’s Closing Conditions The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Seller’s Closing Conditions The obligations of Seller under this Agreement are subject, at the option of Seller, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received.

  • FPS Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Conditions Precedent to the Obligation of the Company to Sell the Shares The obligation hereunder of the Company to issue and sell the Shares is subject to the satisfaction or waiver, at or before the Closing, of each of the conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Purchaser’s Closing Conditions The Purchaser’s obligations to close the transactions described in this Agreement are subject to the satisfaction at or prior to Closing of the following conditions precedent (the “Purchaser’s Closing Conditions”):

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.