Common use of INSPECTION CONTINGENCY Clause in Contracts

INSPECTION CONTINGENCY. Buyer acting by representatives of Xxxxx’s choice shall complete the inspections, tests, assessments and title search of the Property as designated in Paragraph 9 prior to the “Inspection Completion Date” or the “Title Search Completion Date”, as the case may be. If, based upon such inspections, tests, assessments and title search, Xxxxx is not reasonably satisfied with the title or physical condition of the Property and so notifies the Seller or the Seller’s Attorney in writing, by certified mail, facsimile or hand delivery, not later than two business days after the “Inspection Completion Date,” or the “Title Search Completion Date,” as the case may be, this Contract shall be deemed terminated by such Notice and the Deposit shall be returned to the Buyer. Absent timely notice hereunder, terminating this Contract, this contin- gency shall be deemed satisfied and this Contract shall continue in full force and effect. Buyer Initials Seller Initials

Appears in 2 contracts

Samples: Real Estate Purchase Agreement, Real Estate Contract

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INSPECTION CONTINGENCY. Buyer acting by representatives of Xxxxx’s 's choice shall complete the inspections, tests, assessments and title search of the Property as designated in Paragraph 9 prior to the "Inspection Completion Date" or the "Title Search Completion Date", as the case may be. If, based upon such inspections, tests, assessments and title search, Xxxxx is not reasonably satisfied with the title or physical condition of the Property and so notifies the Seller or the Seller’s 's Attorney in writing, by certified mail, facsimile or hand delivery, not later than two business days after the "Inspection Completion Date," or the "Title Search Completion Date," as the case may be, this Contract shall be deemed terminated by such Notice and the Deposit shall be returned to the Buyer. Absent timely notice hereunder, terminating this Contract, this contin- gency contingency shall be deemed satisfied and this Contract shall continue in full force and effect. Buyer Initials Seller Initials.

Appears in 1 contract

Samples: Real Estate Contract

INSPECTION CONTINGENCY. Buyer acting by representatives of Xxxxx’s choice shall complete the inspections, tests, assessments and title search of the Property as designated in Paragraph 9 prior to the “Inspection Completion Date” or the “Title Search Completion Date”, as the case may be. If, based upon such inspections, tests, assessments and title search, Xxxxx is not reasonably satisfied with the title or physical condition of the Property and so notifies the Seller or the Seller’s Attorney in writing, by certified mail, facsimile or hand delivery, not later than two business days after the “Inspection Completion Date,” or the “Title Search Completion Date,” as the case may be, this Contract shall be deemed terminated by such Notice and the Deposit shall be returned to the Buyer. Absent timely notice hereunder, terminating this Contract, this contin- gency shall be deemed satisfied and this Contract shall continue in full force and effect. Buyer Initials Seller Initials.

Appears in 1 contract

Samples: Real Estate Contract

INSPECTION CONTINGENCY. Buyer acting by representatives of Xxxxx’s choice shall complete the inspections, tests, assessments and title search of the Property as designated in Paragraph 9 prior to the “Inspection Completion Date” or the “Title Search Completion Date”, as the case may be. If, based upon such inspections, tests, assessments and title search, Xxxxx is not reasonably satisfied with the title or physical condition of the Property and so notifies the Seller or the Seller’s 's Attorney in writing, by certified mail, facsimile or hand delivery, not later than two business days after the “Inspection Completion Date,” or the “Title Search Completion Date,” as the case may be, this Contract shall be deemed terminated by such Notice and the Deposit shall be returned to the Buyer. Absent timely notice hereunder, terminating this Contract, this contin- gency shall be deemed satisfied and this Contract shall continue in full force and effect. Buyer Initials Seller Initials.

Appears in 1 contract

Samples: Real Estate Contract

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INSPECTION CONTINGENCY. Buyer acting by representatives of Xxxxx’s 's choice shall complete the inspections, tests, assessments and title search of the Property as designated in Paragraph 9 prior to the "Inspection Completion Date" or the "Title Search Completion Date", as the case may be. If, based upon such inspections, tests, assessments and title search, Xxxxx Buyer is not reasonably satisfied with the title or physical condition of the Property and so notifies the Seller or the Seller’s 's Attorney in writing, by certified mail, facsimile or hand delivery, not later than two business days after the "Inspection Completion Date," or the "Title Search Completion Date," as the case may be, this Contract shall be deemed terminated by such Notice and the Deposit shall be returned to the Buyer. Absent timely notice hereunder, terminating this Contract, this contin- gency contingency shall be deemed satisfied and this Contract shall continue in full force and effect. Buyer Initials Seller Initials.

Appears in 1 contract

Samples: Real Estate Contract

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