Common use of Property Condition Reports Clause in Contracts

Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the Properties from one or more reputable inspection companies selected by Purchaser (collectively, the “Property Condition Reports”). Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, and shall be certified to Purchaser and any requested Affiliate of Purchaser. The cost of the Property Condition Reports shall be included in Transaction Costs, payable as set forth in and subject to Section 1.05.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lubys Inc)

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Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the such Properties from one or more reputable an inspection companies company selected by Purchaser (collectively, the “Property Condition Reports”). Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, and shall be certified to Purchaser and any requested Affiliate of Purchaser. The cost costs of the Property Condition Reports shall be included in the Transaction Costs, payable as set forth in and subject to Section 1.05.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synalloy Corp)

Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the Properties and the Improvements from one or more reputable inspection companies selected by Purchaser (collectively, the "Property Condition Reports"). Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, and shall be certified to Purchaser and any requested Affiliate of Purchaser. The cost of the Property Condition Reports shall be included in Transaction Costs, payable as set forth in and subject to Section 1.051.06.

Appears in 1 contract

Samples: Purchase and Sale Agreement (LIVE VENTURES Inc)

Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the such Properties from one or more reputable inspection companies selected by Purchaser (collectively, the “Property Condition Reports”). Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, and shall be certified to Purchaser and any requested Affiliate of Purchaser. The cost of the Property Condition Reports shall be paid by Seller and shall be included in the Transaction Costs, payable as set forth in and subject to Section 1.05.

Appears in 1 contract

Samples: Purchase and Sale Agreement (ARC Group, Inc.)

Property Condition Reports. Purchaser shall order has obtained current property condition assessments and limited compliance audits as required for the Properties from one or more reputable inspection companies selected by Purchaser (collectively, the “Property Condition Reports”). Each Property Condition Report shall be is in form and substance reasonably acceptable to Purchaser, Purchaser and shall be certified to Purchaser and any requested Affiliate affiliate of Purchaser. The cost of the Property Condition Reports shall be included in Transaction Costs, payable as set forth in and subject to Section 1.056 hereof.

Appears in 1 contract

Samples: Purchase and Sale and Escrow Agreement (Societal CDMO, Inc.)

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Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the Properties from one or more reputable inspection companies selected by Purchaser (collectively, the “Property Condition Reports”). Purchaser shall provide to the inspection companies any existing property condition reports provided as part of the Seller’s Documents. Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, and shall be certified to Purchaser and any requested Affiliate of Purchaser. The cost of the Property Condition Reports shall be included in Transaction Costs, payable as set forth in and subject to Section 1.05.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synalloy Corp)

Property Condition Reports. Purchaser shall order current property condition assessments and limited compliance audits as required for the Properties from one or more reputable inspection companies selected by Purchaser (collectively, the “Property Condition Reports”). Each Property Condition Report shall be in form and substance reasonably acceptable to Purchaser, Purchaser and shall be certified to Purchaser and any requested Affiliate affiliate of Purchaser. The cost of the Property Condition Reports shall be included in Transaction Costs, payable as set forth in and subject to Section 1.056 hereof.

Appears in 1 contract

Samples: Purchase and Sale and Escrow Agreement (Nn Inc)

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