Common use of Project Under Construction Clause in Contracts

Project Under Construction. Buyer understands and acknowledges that the Unit and/or other units may still be under construction after the Effective Date of this Contract and that CONSTRUCTION SITES ARE INHERENTLY DANGEROUS. Buyer agrees that it will not enter the construction area or Unit prior to Closing without the express prior permission of Seller, which may be withheld in Seller’s sole discretion. Buyer hereby assumes all risks of personal injury and damages arising from any construction site entry, and further agrees to indemnify and hold Seller and Seller’s members, employees, agents, contractors, sub-contractors, successors and assigns harmless for any claims, damages, actions, liabilities, injuries, or deaths sustained by Buyer or Buyer’s agents, guests, or invitees while present at the construction site, excepting claims caused by Seller’s gross negligence or willful misconduct. Buyer acknowledges that as of Closing, the construction of planned common area and infrastructure may not be completed.

Project Under Construction. Buyer understands and acknowledges that the Unit and/or other adjacent units may still be under construction after the Effective Date of this Contract and that CONSTRUCTION SITES ARE INHERENTLY DANGEROUS. Buyer agrees that it will not enter the construction area or Unit prior to Closing without the express prior permission of Seller, which may be withheld in Seller’s sole discretion. Buyer hereby assumes all risks of personal injury and damages arising from any construction site entry, and further agrees to indemnify and hold Seller and Seller’s members, employees, agents, contractors, sub-contractors, successors and assigns harmless for any claims, damages, actions, liabilities, injuries, or deaths sustained by Buyer or Buyer’s agents, guests, or invitees while present at the construction site, excepting claims caused by Seller’s gross negligence or willful misconduct. Buyer acknowledges that as of Closing, the construction of planned common area and infrastructure may not be completed.