Common use of INSPECTION CONTINGENCY Clause in Contracts

INSPECTION CONTINGENCY. Buyer, at its sole expense, may obtain an inspection of all related improvements located on the Property and/or a Phase I environmental assessment of the Property. Buyer shall have the right to conduct sampling of the water, soil, air or building improvements with Seller's approval, which approval Seller shall not unreasonably withhold or delay. Buyer shall have sixty (60) days from the Effective Date to terminate this Contract by written notice to Seller resulting from Xxxxx's objection to any matter shown in an inspection report or Phase I environmental assessment, which materially affects the Property or Buyer's use of the Property. If Xxxxx does not terminate this Contract hereunder, then Xxxxx is deemed to have waived this inspection contingency and any right to object to the condition of the Property or any improvements located thereon. Seller shall have no obligation whatsoever to cure any matter to which the Buyer objects relating to the condition of the Property or any improvements located thereon.

Appears in 2 contracts

Samples: Real Estate Contract, Real Estate Contract

AutoNDA by SimpleDocs

INSPECTION CONTINGENCY. Buyer, at its sole expense, may obtain an inspection of all related improvements located on the Property and/or a Phase I environmental assessment of the Property. Buyer shall have the right to conduct sampling of the water, soil, air or building improvements with Seller's approval, which approval Seller shall not unreasonably withhold or delay. Buyer shall have sixty (60) days from the Effective Date to terminate this Contract by written notice to Seller resulting from XxxxxBuyer's objection to any matter shown in an inspection report or Phase I environmental assessment, which materially affects the Property or Buyer's use of the Property. If Xxxxx Buyer does not terminate this Contract hereunder, then Xxxxx Buyer is deemed to have waived this inspection contingency and any right to object to the condition of the Property or any improvements located thereon. Seller shall have no obligation whatsoever to cure any matter to which the Buyer objects relating to the condition of the Property or any improvements located thereon.

Appears in 1 contract

Samples: Real Estate Contract

INSPECTION CONTINGENCY. Buyer, at its sole expense, may obtain an inspection of all related improvements located on the Property and/or a Phase I environmental assessment of the Property. Buyer shall have the right to conduct sampling of the water, soil, air or building improvements with Seller's approval, which approval Seller shall not unreasonably withhold or delay. Buyer shall have sixty (60) days from the Effective Date to terminate this Contract by written notice to Seller resulting from XxxxxBuyer's objection to any matter shown in an inspection report or Phase I environmental assessment, which materially affects the Property or Buyer's use of the Property. If Xxxxx Buyer does not terminate this Contract hereunder, then Xxxxx Buyer is deemed to have waived this inspection contingency and any right to object to the condition of the Property or any improvements located thereon. Seller shall have no obligation whatsoever to cure any matter to which the Buyer objects relating to the condition of the Property or any improvements located thereon.

Appears in 1 contract

Samples: Real Estate Contract

AutoNDA by SimpleDocs

INSPECTION CONTINGENCY. Buyer, at its sole expense, may obtain an inspection of all buildings and related improvements located on the Property and/or a Phase I environmental assessment of the Property. Buyer shall not have the right to conduct any sampling of the water, soil, air or building improvements with without Seller's approval, which approval Seller shall not unreasonably withhold or delayexpress prior written consent. Buyer shall have sixty thirty (6030) days from the Effective Date to terminate this Contract by written notice to Seller resulting from XxxxxBuyer's objection to any matter shown in an inspection report or Phase I environmental assessment, which materially affects the Property or Buyer's use of the Property. If Xxxxx Buyer does not terminate this the Contract hereunder, then Xxxxx Buyer is deemed to have waived this inspection contingency and any right to object to the condition of the Property or any improvements located thereon. In no event shall Seller shall have no obligation whatsoever be required to cure any matter to which the Buyer objects relating to the condition of the Property or any improvements located thereon.

Appears in 1 contract

Samples: Real Estate Contract (St. Joseph Bancorp, Inc.)

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