Inspection Contingencies. Buyer's obligation to purchase the Property is conditioned and contingent upon Buyer's satisfaction with the following:
Inspection Contingencies. BOOKS AND RECORDS
Inspection Contingencies. During the Investigation Period, Purchaser shall conduct its due diligence and inspections with respect to the Property, including, but not limited to, its review of the Operating Agreements, the Warranties and the other Submission Items. As part of its inspections, Purchaser shall review the Title Commitment, which Purchaser shall order within three (3) Business Days of the Effective Date, and the survey of the Real Property provided to Purchaser as one of the Submission Items. If Purchaser determines that the Property is not satisfactory, in its sole and absolute discretion, then Purchaser may, as its sole and exclusive remedy, terminate this Agreement by giving written notice to Seller prior to 5:00 p.m. Eastern Time on the last day of the Investigation Period, in which case the Deposit shall be immediately refunded to Purchaser. If Purchaser fails to terminate this Agreement by giving written notice to Seller prior to 5:00 p.m. Eastern Time on the last day of the Investigation Period, then (i) Purchaser will be deemed to have waived its right to terminate this Agreement under this Section 3.03, and (ii) Purchaser shall proceed with its purchase of the Property in accordance with the terms of this Agreement, subject to satisfaction of the Purchaser Closing Conditions (as defined in Section 7.03 below). Purchaser shall no later than the end of the Investigation Period provide Seller written notice stating whether Purchaser has elected to assume any Operating Agreement and any Operating Agreements so elected shall be Surviving Operating Agreements. In the event Seller is not provided with such written notice, Purchaser shall be deemed to have elected to assume all Operating Agreements.
Inspection Contingencies. Home Inspection Contingency – This Agreement is contingent upon a written determination, at Purchaser’s Expense, by a New York State Licensed Engineer or other qualified person, that the premises are free from any substantial structural, mechanical, heating, electrical, plumbing, roof covering, water, septic or sewer defect. The term “substantial” shall be defined as any individual defect, which will reasonably cost over $1,000.00 to correct, excluding any item previously disclosed in writing by the Seller to the Purchaser. Purchaser shall complete said inspection no later than 14 full calendar days from acceptance of this Agreement. This Contingency shall be deemed waived unless Purchaser shall notify Seller or Seller’s Agent in writing no later than 21 full calendar days from receipt of the Closing Date Notice (see section 16, infra), and further supplies written confirmation by a copy of the inspection report, or letter from the inspector. If the Purchaser so notifies, then this Agreement shall be deemed cancelled, null and void, and all deposit monies shall be returned to the Purchaser. Alternatively, Purchaser may defer said cancellation for a period of five (5) full calendar days in order to provide the parties an opportunity to otherwise agree in writing.
Inspection Contingencies. Purchaser acknowledges and agrees that Purchaser’s right to terminate the Contract pursuant to Section 3.2 of the Contract has expired and Purchaser’s Initial Deposit is now non-refundable.
Inspection Contingencies. The offer to purchase by Purchaser contained in this Agreement and Purchaser's obligation to close title under this Agreement are contingent upon completion of each of the following due diligence items: (a) Purchaser's physical inspection of the Property and each space therein by consultants of Purchaser's choice; (b) Purchaser's confirmation that the Property is properly licensed with all federal, state and local governmental authorities; (c) Purchaser's confirmation that all required certificates of occupancy have been issued for the use of the Property as a residential apartment complex; (d) Purchaser's confirmation that the Property is in compliance with zoning laws of Pierce County, Washington and review of any zoning opinions in Sellxx'x xossession, custody or control; (e) Purchaser's review of any hazardous waste inspection reports in Seller's possession, custody or control; (f) Purchaser's conduct, at Purchaser's option and sole expense, of a hazardous waste inspection of the Property and each apartment and space therein by consultants of Purchaser's choice; (g) Purchaser's review of all leases, options to purchase, warranties, occupancy agreements and any and all applications to lease submitted prior to the date of this Agreement, currently affecting the tenancy of each apartment and space in the Property, and verification of the payment history of all tenants currently occupying the apartments and spaces in the Property, and (h) Purchaser's review of any and all real estate and other tax bills relating to the Property in Seller's possession, custody or control. All of such inspections, confirmations, and reviews shall be satisfactory to Purchaser in its sole and uncontrolled discretion. Purchaser shall have until 5:00 P.M. on the day thirty (30) days after the date of execution of this Agreement by both parties (the "Inspection Contingency Date") to satisfy or waive the inspection contingencies set forth in this Section 5.1 and to give Seller notice that such inspection contingencies have been satisfied or waived. If Purchaser shall not satisfy or waive such inspection contingencies and give Seller such notice on or before the Inspection Contingency Date, then this Agreement shall be automatically terminated. Purchaser shall pay all costs of its inspection and testing. Purchaser shall repair any damage to the Property caused by Purchaser's inspection of the physical condition of the Property. Purchaser shall defend, indemnify and hold Seller harm...
Inspection Contingencies. The OWNER agrees to accept a purchase offer contingent, for a reasonable period of time, on the Purchaser’s ability to obtain inspections regarding unknown circumstances which could affect the habitability of the Property.
Inspection Contingencies. This Agreement shall terminate and Buyer shall receive a refund of the earnxxx xxxey unless Buyer gives written notice to Seller within eighteen (18) days (20 days if not filled in) of mutual acceptance of this Agreement stating that Buyer is reasonably satisfied with specified results of the following inspections. If such notice is timely given, the inspection contingencies stated in this Section 5 shall be deemed to be satisfied.
A. BOOKS, RECORDS, LEASES, AGREEMENTS. Seller shall make available for inspection by Buyer or its agents as soon as possible but no later than ten (10) five (5) days after mutual acceptance of this Agreement all documents available to Seller relating to the ownership and operation of the Property including without limitation: (i) statements for real estate taxes, assessments, and utilities, property management agreements, service contracts, leases of personal property or fixtures, leases of all or a portion of the Property, and a schedule of tenants, rents, and deposits; (ii) plans, specifications, permits, drawings, surveys, reports, and maintenance records; and (iii) accounting records and audit reports. Buyer shall determine within the contingency period stated in the preceding introductory paragraph whether it wishes and is able to assume, as of closing, all of the foregoing leases, contracts, and agreements which have terms extending beyond closing
Inspection Contingencies. The obligations of the Purchaser as set forth in this Agreement are contingent upon Purchaser’s inspection of the Property. The Purchaser shall have the right to conduct an inspection of the Property within 30 days of the Effective Date. The time, date and method of the inspection shall be at the option of the Purchaser. In the event that upon completion of the inspection, the Purchaser is not satisfied with the state of the Property, in Purchaser’s sole discretion, the Purchaser shall have the right to terminate this Agreement immediately and neither party shall have any further obligations hereunder nor shall either party be liable to the other in the event of such termination.
Inspection Contingencies. This Agreement shall terminate and Buyer shall receive a refund of the earnxxx xxxey unless Buyer gives written notice to Seller within FORTY FIVE (45) days (20 days if not filled in) of mutual acceptance of this Agreement (the "Inspection Contingency Period") stating that Buyer is reasonably satisfied with the results of its inspections described in this Section 9.
