Common use of Pre-purchase Inspection Clause in Contracts

Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at Airport. [ If the Buyer does not perform or have this inspection performed within ( ) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].

Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at Airport. Alternate clauses for this section: [ If the Buyer does not perform or have this inspection performed within ( ) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].

Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at AirportAirport and include a review of the aircraft’s logbooks/maintenance records and flight test performed by the seller’s pilot. Alternate clauses for this section: [ If the Buyer does not perform or have this inspection performed within ( _) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].:

Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of BuyerXxxxx's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at Airport. [ Alternate clauses for this section: [If the Buyer does not perform or have this inspection performed within ( ) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ [Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ [Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].have

Pre-purchase Inspection. After the signing of this Agreement and the payment of the deposit into escrow, the Buyer shall have the right to perform a pre-purchase inspection of the Aircraft. Such inspection shall be at the Buyer's expense and may be performed by a individual(s) of Buyer's choice, so long as he/she/they hold current Airframe and Powerplant mechanic certificates issued by the Federal Aviation Administration. The inspection shall be performed at Airport. [ Alternate clauses for this section: [If the Buyer does not perform or have this inspection performed within ( ) days of the signing of this Agreement, then Buyer shall be deemed to have waived his/her/its right to such inspection]. [ [Upon completion of this inspection, Buyer shall have ( ) days to notify Seller that he/she/they will not purchase the Aircraft. If Buyer elects not to purchase the Aircraft, the Buyer shall notify Seller in writing of this decision. Upon receipt of such notice, Seller shall return, or have returned, within ( ) days, to Buyer all payments made by Buyer, except for the deposit]. [ [Upon completion of this inspection, Buyer shall present to the Seller any list of discrepancies compiled. The Seller shall have ( ) business days to review the list and to notify the Buyer of Seller's decision: (a) to pay to have the [discrepancies] [discrepancies affecting the airworthiness of the Aircraft] repaired at Seller's expense and to complete the sale; or (b) to decline to pay the costs of repairs and to terminate the Agreement. If Seller declines to pay the cost of repairs, Seller shall refund, or have refunded, the Buyer's deposit and shall reimburse the Buyer for the cost of the pre-purchase inspection].have