Inspection of Owned Real Estate Sample Clauses

Inspection of Owned Real Estate. BUYER may conduct physical inspections of the physical condition of all improvements, building, and mechanical equipment comprising the Owned Real Estate (“BUYER’s Inspections”). BUYER’s Inspections shall be conducted at a time mutually acceptable to BUYER and SELLER, but no later than ten (10) business days after the signing of this Agreement. BUYER’s Inspections shall be conducted in a manner that does not interfere with or otherwise prevent the performance of the normal operations and activities of the Office. If the BUYER’s inspections are acceptable, BUYER shall promptly notify SELLER in writing of such determination. If BUYER’s inspections indicate that the physical condition of any of the building, equipment, or improvements comprising the Owned Real Estate is not reasonably acceptable to BUYER, BUYER shall notify SELLER in writing, within twenty (20) business days of the signing of this Agreement, of the repairs and improvements that must be made in order to remedy any unsatisfactory physical condition (“Repairs”). BUYER’s estimate of the cost of the Repairs shall be determined by a reputable architect or general contractor in writing (“Repair Costs”). At Seller’s option in its absolute discretion, SELLER may remedy the condition or add the estimated Repair Costs to the components which comprise the amount due under Section 1.04(a) or terminate this Agreement. Any such termination by SELLER shall neither create nor result in any liability of SELLER or BUYER. The parties further agree that no less than three (3) business days prior to the Closing Date, BUYER may request a final walk-through inspection of the Owned Real Estate to determine if any physical condition exists that did not exist, or that is not the result of a condition that existed, at the time of BUYER’s Inspections, normal wear and tear excepted, that is not reasonably acceptable to BUYER. BUYER must give SELLER written notice within one (1) day of the Repairs that must be made in order to remedy any unsatisfactory condition that did not exist or that is not the result of a condition that existed at the time of BUYER’s Inspection and the Repair Costs. If the architect or general contractor determines in writing that the Repair Costs will be equal to or less than $10,000, then the estimated Repair Costs shall be added to the funds that SELLER is required to make available to Buyer at Closing under § 1.04, and BUYER shall be responsible for completing the Repairs. If the architect or gen...
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Inspection of Owned Real Estate. BANK ONE hereby grants Premier the right, at Premier's cost and expense, to conduct a physical inspection of all improvements, building, and mechanical equipment comprising the Owned Real Estate. Any such inspection shall be conducted at a time mutually 22 the Offices shall be in the same general physical condition on the Closing Date as on the date of inspection, subject to the effect of any Defect and any remedy thereof, reasonable wear and tear excepted, and any damage contemplated in Section 2.01 herein.
Sample 1

Related to Inspection of Owned Real Estate

  • Owned Real Estate Neither the Company nor any of its Subsidiaries owns any real property.

  • Inspection of Property and Books and Records The Company shall maintain and shall cause each Subsidiary to maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Company and such Subsidiary. The Company shall permit, and shall cause each Subsidiary to permit, representatives and independent contractors of the Agent or any Bank to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided, however, when an Event of Default exists the Agent or any Bank may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

  • Owned Real Property The Company does not own any real property.

  • Inspection of Property, Books and Records The Borrower will keep, and will cause each Subsidiary to keep, proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities; and will permit, and will cause each Subsidiary to permit, representatives of any Bank at such Bank's expense to visit and inspect any of their respective properties, to examine and make abstracts from any of their respective books and records and to discuss their respective affairs, finances and accounts with their respective officers, employees and independent public accountants, all at such reasonable times and as often as may reasonably be desired.

  • Inspection of Records Upon reasonable notice to the Administrative Trustees and the Property Trustee, the records of the Trust shall be open to inspection by Securityholders during normal business hours for any purpose reasonably related to such Securityholder's interest as a Securityholder.

  • Inspection of Property; Books and Records; Discussions Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities; and permit representatives of any Lender (upon reasonable advance notice coordinated through the Administrative Agent) to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable time and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Borrower and its Subsidiaries with officers and employees of the Borrower and its Subsidiaries and with its independent certified public accountants.

  • Return of Records and Property Upon termination of Executive’s employment with the Company or at any time upon the Company’s request, Executive shall promptly deliver to the Company any and all of the Company’s and its Affiliate’s records and any and all of the Company’s and its Affiliate’s property in his possession or under his control, including manuals, books, blank forms, documents, letters, memoranda, notes, notebooks, reports, printouts, computer disks, computer tapes, source codes, data, tables or calculations and all copies thereof, documents that in whole or in part contain any trade secrets or Confidential Information of the Company or its Affiliates and all copies thereof, and keys, access cards, access codes, passwords, credit cards, personal computers, telephones and other electronic equipment belonging to the Company or its Affiliates.

  • Liability of Owner for Taxes If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to or in connection with any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares or in connection with a transaction to which Section 4.8 applies, that tax or other governmental charge shall be payable by the Owner of those American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares until that payment is made, and may withhold any dividends or other distributions or the proceeds thereof, or may sell for the account of the Owner any part or all of the Deposited Securities represented by those American Depositary Shares and apply those dividends or other distributions or the net proceeds of any sale of that kind in payment of that tax or other governmental charge but, even after a sale of that kind, the Owner of those American Depositary Shares shall remain liable for any deficiency. The Depositary shall distribute any net proceeds of a sale made under this Section that are not used to pay taxes or governmental charges to the Owners entitled to them in accordance with Section 4.1. If the number of Shares represented by each American Depositary Share decreases as a result of a sale of Deposited Securities under this Section, the Depositary may call for surrender of the American Depositary Shares to be exchanged on a mandatory basis for a lesser number of American Depositary Shares and may sell American Depositary Shares to the extent necessary to avoid distributing fractions of American Depositary Shares in that exchange and distribute the net proceeds of that sale to the Owners entitled to them.

  • Inspection of Records and Reports Every Trustee shall have the right at any reasonable time to inspect all books, records, and documents of every kind and the physical properties of the Trust. This inspection by a Trustee may be made in person or by an agent or attorney and the right of inspection includes the right to copy and make extracts of documents. No Shareholder shall have any right to inspect any account, book or document of the Trust that is not publicly available, except as conferred by the Trustees. The books and records of the Trust may be kept at such place or places as the Board of Trustees may from time to time determine, except as otherwise required by law.

  • Inspection of Reports The Depositary shall make available for inspection by holders of Receipts at the Corporate Office and at such other places as it may from time to time deem advisable during normal business hours any reports and communications received from the Company that are both received by the Depositary as the holder of deposited Preferred Stock and made generally available to the holders of the Preferred Stock. In addition, the Depositary shall transmit certain notices and reports to the holders of Receipts as provided in Section 5.05.

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