Inspection Condition Sample Clauses

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”).
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Inspection Condition. Purchaser's obligations under this Agreement are subject to its reasonable determination, made in good faith on or prior to the expiration of the Due Diligence Period, that the physical condition of the Property, including its environmental condition are consistent with that required for the use of the Property intended by Purchaser (the "Inspection Condition"). In the event that Purchaser has not provided Vendor with timely notice of its termination of this Agreement, then the Inspection Condition shall be deemed to have been waived. In the event that Purchaser timely objections to the condition of the Property, Vendor shall then have a reasonable period, not to exceed thirty (30) days, to remove any such objection, to Purchaser’s reasonable satisfaction, in which case the termination by Purchaser shall be void and of no further force and effect. Upon a termination under this Section, the parties shall have no further obligations hereunder except with respect to those provisions of this Agreement which expressly survive the expiration and/or termination of this Agreement, and the Xxxxxxx Money shall be returned to Purchaser. Through the Due Diligence Period, Purchaser and its designees may enter the Property to inspect the Property’s condition, including mechanical and structural engineering studies and conduct any other investigations and inspections as Purchaser may reasonably require to assess the condition and suitability of the Property; provided, however, that such activities shall not damage the Property nor materially interfere with operations on the Property. Purchaser shall provide Vendor with notice of any on site activities at least twenty-four (24) hours in advance. Purchaser shall not conduct any invasive testing without the prior written approval of Vendor. Purchaser shall indemnify and hold Vendor harmless from and against any and all physical damage or personal injury to the extent resulting from the activities of Purchaser and its designees on the Property related to the inspections, and Purchaser shall return the Property to the same condition which existed prior to such damage, which obligations shall survive the Closing or any termination of this Agreement; provided, however, Purchaser shall not be responsible hereunder for the mere discovery, without exacerbation, of pre- existing conditions at the Property. Vendor may have a representative present during any and all examinations, inspections and/or studies on the Property conducted ...
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Inspection Condition

  • Inspection; Compliance Lessor and Lessor's "Lender" (as defined in Paragraph 30 below) and consultants shall have the right to enter into Premises at any time, in the case of an emergency, and otherwise at reasonable times, for the purpose of inspecting the condition of the Premises and for verifying compliance by Lessee with this Lease. The cost of any such inspections shall be paid by Lessor, unless a violation of Applicable Requirements, or a contamination is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority. In such case, Lessee shall upon request reimburse Lessor for the cost of such inspections, so long as such inspection is reasonably related to the violation or contamination.

  • Property Condition Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Buyer recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost.

  • Property Condition Report A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

  • 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.

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

  • Prior Conditions Satisfied All conditions set forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to be issued.

  • Buyer’s Conditions Precedent The obligations of Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Delivery Condition Subtenant acknowledges that it takes possession of the Subdemised Premises in its “as is” condition on the Commencement Date and further acknowledges that Sublandlord has made no representations or warranties of any kind or nature, whether express or implied, with respect to the Subdemised Premises, the remainder of the Premises, the common areas, or the Building, nor has Sublandlord agreed to undertake or perform any modifications, alterations, or improvements to the Subdemised Premises, the remainder of the Premises, the common areas or the Building which would inure to Subtenant’s benefit.

  • Environmental Compliance and Conditions Except as set forth on Schedule 3.16:

  • Minimum Condition Section 1.1(a).........................................2

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