Plumbing Leak Sample Clauses

Plumbing Leak. Seller hereby discloses to Purchaser that a plumbing leak occurred in a chase and janitors room between the first and second floors of the building located on the Property. Seller agrees to repair the water damage caused by the leak to Purchaser’s reasonable satisfaction on or before the Closing.

Plumbing Leak. Seller has repaired the water damage to Purchaser’s reasonable Satisfaction on or before the Closing Date in accordance with Section 3.1.5(g) above. If any conditions in this Section 5.9 have not been satisfied on or before the applicable date set forth in this Section 5.9 with respect to each condition, then Purchaser may terminate this Agreement by providing written notice to Seller on or before the Closing Date and receive a refund of the Exxxxxx Money, in which case neither party shall have any further liability except for Surviving Obligations; provided, however, if the failure of any of the conditions in Section 5.9 above is attributable to the Bad Faith acts of Seller, Purchaser shall be entitled to the remedies provided in Section 7 (including, without limitation, the right to receive reimbursement from Seller for Purchaser’s due diligence costs and other expenses as provided in Section 7.1). Further, notwithstanding anything herein to the contrary, if the failure of any of the conditions in Section 5.9 is the result of a default by Seller under this Agreement, Purchaser shall have the remedies available to it under Section 7.1 hereinbelow. If Purchaser does not terminate this Agreement on or before the Closing Date or proceeds to Closing despite failure of a condition, time being of the essence, then Purchaser is deemed to have waived that condition. The conditions in this Section 5.9 are specifically stated and for the sole benefit of Purchaser. Purchaser in its discretion may unilaterally waive (conditionally or absolutely) the fulfillment of any one or more of the conditions, or any part thereof, by notice to Seller.