Common use of Property Approval Clause in Contracts

Property Approval. If the lender imposes any requirements or repairs (Requirements) to be made to the Property (e.g., roof repair, 182 repainting), beyond those matters already agreed to by Seller in this Contract, Seller may terminate this Contract (notwithstanding § 10 of this 183 Contract) by written notice to Buyer on or before three days following Xxxxxx’s receipt of the Requirements. Seller’s right to terminate in this § 6.1 184 shall not apply if on or before any termination by Seller pursuant to this § 6.1: (1) the parties enter into a written agreement regarding the 185 Requirements; or (2) the Requirements are completed by Seller; or (3) the satisfaction of the Requirements is waived in writing by Buyer.

Property Approval. If the lender imposes any requirements or repairs (Requirements) to be made to the Property (e.g., roof repair, 182 repainting), beyond those matters already agreed to by Seller in this Contract, Seller may terminate this Contract (notwithstanding § 10 of this 183 Contract) by written notice to Buyer on or before three days following Xxxxxx’s receipt of the Requirements. Seller’s right to terminate in this § 6.1 184 shall not apply if on or before any termination by Seller pursuant to this § 6.1: (1) the parties enter into a written agreement regarding the 185 Requirements; or (2) the Requirements are completed by Seller; or (3) the satisfaction of the Requirements is waived in writing by Buyer..  

Property Approval. If the lender imposes any requirements or repairs (Requirements) to be made to the Property (e.g., roof repair, 182 158 repainting), beyond those matters already agreed to by Seller in this Contract, Seller may terminate this Contract (notwithstanding § 10 of this 183 159 Contract) by written notice to Buyer on or before three calendar days following Xxxxxx’s 's receipt of the Requirements. Seller’s The right to terminate in this § 160 6.1 184 shall not apply if on or before any termination by Seller pursuant five calendar days prior to this Closing Date (§ 6.1: 2.3): (1) the parties enter into a written agreement regarding the 185 Requirementsagreement; or (2) the 161 Requirements are completed by Seller; or (3) the satisfaction of the Requirements is waived in writing by BuyerXxxxx.