Inspection Condition. Buyer’s obligation to purchase the Property is contingent upon Buyer determining during the Inspection Period, in Buyer’s sole and absolute discretion, that it is satisfied with its investigation into all aspects of the Property including the terms of the Loan to be assumed by Buyer and the Loan Documents (hereinafter defined); the Tenants; terms and conditions of the Leases; the location, value, condition, and marketability of the Property; the condition of title and matters affecting title to or use of the Property; environmental conditions; zoning and land use matters; parking; past and projected income and expenses; neighboring properties and overall area in which the Property is located; and all other factors and conditions which Buyer, in its sole discretion and judgment, considers relevant to its prospective purchase and ownership of the Property (“Inspection Condition”).
Inspection Condition. User understands and acknowledges that certain risks and potentially dangerous conditions exist at the Park, many of which may not be obvious. Such conditions include but are not limited to uneven ground surfaces and gopher holes. User shall inspect the Park prior to or upon commencement of the Use Period and shall immediately report any damage, deficiencies or dangerous conditions to District. Except as so reported to District, User agrees that the Park and all facilities and items of personal property located thereon are in good condition and repair and are suitable and adequate for User’s intended purposes.
Inspection Condition. It shall be a condition of this Agreement that on or before August 11, 1997 (the "Inspection Periods), Buyer shall have approved in its sole discretion, (i) the matters set forth in Section 4; (ii) all zoning, building code and other governmental laws, ordinances, rules, regulations, rulings and decision applicable to the Property; (iu) an appraisal of the Property; (iv) an engineering and physical inspection of the Property; and (v) an inspection of the financial books and records relating to all income and expenses of the Property. In the conduct of its inspection of the Property, Buyer shall not unreasonably interfere with the operation of the Property or the occupancy of the tenants. To the extent any of the inspections disrupt the condition of the Property, Buyer shall restore the Property to its prior condition thereafter and Buyer shall indemnify Seller against any loss or damage to person or property arising from the conduct of Buyer's inspection of the Property. The foregoing provisions of this Agreement shall survive the Closing or any termination of this Agreement. In the event that Buyer deems any inspection matter unacceptable to Buyer, in Buyer's sole discretion, Buyer shall be entitled to terminate this Agreement by written notice given to Seller on or before the expiration of the Inspection Period, at which time, the Deposit shall be promptly returned to Buyer, and, thereafter this Agreement shall be void and without recourse to either party except for provisions which are expressly stated to survive termination of this Agreement. In the event Buyer does not so timely deliver written notice of termination prior to the expiration of the Inspection Period, then the foregoing conditions set forth in this Section 16.01 shall automatically be deemed waived by Buyer and satisfied in full. In the event Buyer timely elects to terminate this Agreement during the Inspection Period as permitted above, and as additional consideration for Seller granting Buyer the foregoing condition precedent, Buyer shall deliver to Seller with Buyer's notice of termination copies of all studies, surveys, plans, investigations and reports obtained by or prepared by Buyer in connection with Buyer's inspection of the Property. Buyer makes no warranty or representation as to the accuracy of any information contained in such documents.
Inspection Condition. 6.01 During the Inspection Period, Buyer, its agents and representatives shall be entitled to enter upon the Property (as coordinated through Seller’s property manager), including all leased areas and apartment units, upon reasonable prior notice to Seller, to perform inspections and tests of the Property, including surveys, environmental studies, examinations and tests of all structural and mechanical systems within the Improvements, and to examine the books and records of Seller and Seller’s property manager relating to the Property (including, without limitation, the Leases and other documents required to be delivered under this Agreement). Seller hereby agreeing to make an on-site representative available to assist in all on-site inspections. Notwithstanding the foregoing, Buyer shall not be permitted to materially and unreasonably interfere with Seller’s operations at the Property or interfere with any tenant’s occupancy at the Property, and the scheduling of any inspections shall take into account the timing and availability of access to tenants’ premises, pursuant to tenants’ rights under the Leases or otherwise. Buyer shall repair any damage to the Property caused by any such tests or investigations, and indemnify and hold Seller harmless from any and all liabilities, claims, costs and expenses resulting therefrom, including, without limitation, attorneys fees and costs. The foregoing indemnification shall survive Closing or the termination of this Agreement. Notwithstanding the foregoing, Buyer, as a condition of ingress and egress to the Property, must provide to Seller, at Buyer’s expense, a true copy of a certificate of insurance showing that Buyer and its agents are within the coverage afforded relative to the insurance evidenced by such certificate in an amount of liability coverage of no less than one million dollars ($1,000,000). Seller shall be shown as an additional insured on such certificate of insurance. Prior to the Closing, Buyer shall not discuss the reasons for their inspections, the potential sale, the closing or other information that is associated with the transaction contemplated by this Agreement with any person located on the Property during such inspections, with the exception of Seller’s on-site property manager.
Inspection Condition. Tenant acknowledges that the Leased Unit is being delivered to Tenant “AS IS,” and Tenant’s acceptance and occupancy of the Leased Unit constitute an acknowledgement that the Leased Unit is in good and acceptable condition. Tenant agrees to maintain the good condition of the Leased Unit, and shall be responsible for cleaning and repair costs required as a result of the misuse, neglect, or other act of fault of Tenant or anyone on or about the premises of the Leased Unit at the invitation of Tenant. Tenant shall not make changes or alterations to the Leased Unit, including but not limited to those related to painting or making structural alterations to the interior or exterior of the Leased Unit or installing or changing any locks on the Leased Unit, without the written consent of Landlord. Tenant agrees that Tenant will not disable, disconnect, alter, or remove the smoke detectors, locking devices, fire extinguisher, or latches on or around the Leased Unit. Tenant further agrees not to place or hang any object on the outside of the Leased Unit, including on or around any window xxxxx, balconies, or walkways. Tenant further agrees not to erect signs of advertising notices in, on, or about any part of the interior or exterior of the premises of the Leased Unit, including all parking areas and other property owned by Landlord around or adjacent to the Leased Unit.
