Common use of Inspection of the Property Clause in Contracts

Inspection of the Property. There is no inspection period granted under this Contract. Purchaser hereby acknowledges its responsibility to perform due diligence with regard to its purchase of the Property, including, without limitation, any physical inspection of the Property it desired to make, prior to the auction event at which the Property is being sold. Purchaser further hereby acknowledges and agrees that (i) having been given the opportunity to inspect the Property, Purchaser is relying solely on its own investigation of the Property and not on any information that may have been provided or to be provided by Seller, Seller’s third party marketing contractor, or the auctioneer or any of their respective representatives, and (ii) any information provided by or on behalf of Seller with respect to the Property, including, without limitation, all information contained in any property information package previously made available to Purchaser by Seller, its third party marketing contractor, or the auctioneer, was obtained from a variety of sources and, while none of those parties has any reason to believe that such information contains any material inaccuracies, they make no representations or warranties, express or implied, at law or in equity, as to the validity, accuracy or completeness of such information or in any advertisements, press releases or promotional materials with respect to the sale of the Property.