Inspection Termination Sample Clauses
The Inspection Termination clause allows a party, typically a buyer, to end a contract based on the results of an inspection. In practice, this means that after conducting an inspection of the property or goods involved, the party can choose to terminate the agreement if the inspection reveals issues or defects that are unsatisfactory. This clause provides a clear mechanism for exiting a contract without penalty if the inspected item does not meet agreed-upon standards, thereby protecting the party from being obligated to proceed with a transaction that does not meet their expectations or requirements.
POPULAR SAMPLE Copied 4 times
Inspection Termination. On or before the Inspection Termination Deadline, notify Seller in writing, 550 pursuant to § 24.1., that this Contract is terminated due to any unsatisfactory condition, provided the Buyer did not previously deliver 551 an Inspection Objection. ▇▇▇▇▇’s Right to Terminate under this provision expires upon delivery of an Inspection Objection to Seller 552 pursuant to § 10.3.2.; or
Inspection Termination. Subject to the rights of Tenant under the Lease, Buyer through its agents, employees and independent contractors shall have the right from time to time during the Inspection Period and continuing through the Closing Date, to enter the Premises for the purposes of inspecting the same and to investigate all matters relating thereto (collectively, the “Inspections” and singly, an “Inspection”), including, but not limited to, existing zoning requirements, the physical condition of the Premises, the environmental condition of the Premises and its environs including, but not limited to, non-invasive soil sampling (including matters disclosed in the Phase I Report), and any other matters Buyer deems relevant to its decision to purchase the Premises. Notwithstanding the foregoing, Buyer acknowledges that it shall be required to obtain Seller’s prior written consent before undertaking any soil borings or other invasive testing, which consent shall not be unreasonably withheld, conditioned or delayed. Buyer shall indemnify and hold harmless Seller, Tenant and their respective contractors, agents, employees and affiliates from and against any claims, losses, damages and costs arising out of any inspection of and testing at the Premises by Buyer, its agents and representatives. Buyer shall not, and shall not permit its agents or representatives to, disrupt Seller’s or Tenant’s activities at the Premises. Buyer shall have the right, in its sole discretion, for any reason or for no reason, to terminate this Agreement by written notice to Seller and Escrow Agent given within the Inspection Period, in accordance with and subject to the provisions of Section 10(b) below, whereupon the ▇▇▇▇▇▇▇ Money Deposit and all interest earned thereon shall be returned to Buyer and this Agreement and all rights and obligations of the respective parties hereunder shall be null and void except as otherwise expressly provided in this Agreement. In the event Buyer does not terminate this Agreement prior to the end of the Inspection Period, then Buyer shall have no further right to terminate this Agreement pursuant to this Section 5(b).
Inspection Termination. On or before the Inspection Termination Deadline, notify Seller in writing, 279 pursuant to § 24.1., that this Contract is terminated due to any unsatisfactory condition, provided the Buyer did not previously deliver 280 an Inspection Objection. ▇▇▇▇▇'s Right to Terminate under this provision expires upon delivery of an Inspection Objection to Seller 281 pursuant to § 10.3.2.; or 282 10.3.2. Inspection Objection. Intentionally deleted. 283 10.3.3. Inspection Resolution. Intentionally deleted. 284 10.4. Damage, Liens and Indemnity. Intentionally deleted. [See Addendum]
Inspection Termination. In the event that termination of the inspection is required prior to concluding the home inspection, then this Contract shall govern and the following terms and conditions shall apply.
Inspection Termination and Waiver ----------------------------------
Inspection Termination. The INSPECTOR reserves the right to terminate the inspection at any time.