Property Evaluation a. The City Parties shall be permitted to enter upon the Property upon at least twenty- four (24) hours advance written notice to Owner at any time on or before April, 2023 (the “Termination Date”) solely for the purpose of the City Parties conducting its investigative work for the extension of a walking path to the south of 000 Xxxxxxx Xxxxxxxxx in the City, including a survey, wetland delineation and “Diggers Hotline” survey (collectively, the “City’s Work”). Notwithstanding anything to the contrary, under no circumstances may the City Parties enter into or upon any improvements or structures located on the Property or conduct any testing or obtain any soil borings. The City’s Work and access to the Property shall be subject to the terms, conditions and limitations set forth below and the City Parties’ conduct thereof shall be in strict compliance with its covenants and agreements contained herein.
b. In conducting the City’s Work, the City Parties shall comply with any and all applicable federal, state and local laws, regulations, ordinances.
c. Owner shall have the right, but not the obligation, to have its representative(s) present during the City’s Work at the Property.
d. All of the City’s Work pursuant to the terms of this Agreement shall be done at the City’s sole cost and expense.
e. The City shall maintain comprehensive and general liability insurance covering the City Parties entrance upon the Property, in commercially reasonable form and amount, which shall name Owner as an additional insured.
Property Evaluation. Broker shall make routine interior and/or exterior evaluations of Property upon renewal of Property lease agreements, vacation of premises, or substitution of roommates, up to four inspections included per calendar year. Owner agrees to pay Broker Forty-five Dollars ($45.00) for any additional evaluation performed at the request of or as authorized by Owner. First evaluation will be completed at no cost. An evaluation shall not be interpreted as an "Inspection" as outlined in NRS 645D. An evaluation is designed to make Owner aware of obvious physical defects of Property, which are generally referred to as "cosmetic" in nature. Broker will not observe inaccessible areas of Property or seek-out hidden defects. Should Broker become aware of what could be a structural or systems problem, Owner will be notified in writing, and a licensed repair professional will be contacted at Owner's request.
Property Evaluation. Purchaser shall have the right during the Due Diligence Period to inspect and examine the Properties during regular business hours, to the extent Purchaser deems necessary, in their sole discretion, to determine the condition of the Properties. Notwithstanding the foregoing, any entry by the Purchaser into a leased space shall be coordinated with Sellers who shall then coordinate the time of Purchaser’s entry with the tenant occupying said leased space. Purchaser and Purchaser’s representatives, consultants, agents and employees shall during regular business hours: (a) have the right to perform inspections and have access to all buildings, improvements, storage areas (not under the control of tenants) and, subject to tenant rights, other spaces, equipment and personalty that are included in the Properties; and (b) conduct all other necessary feasibility studies, title reports, surveys, engineering studies, examination of zoning status, building and use permits, sign permits and all other permits required for the Properties. While conducting such investigations, tests and studies, Purchaser shall not unreasonably disturb or interfere with Sellers’ use of the Properties, or with Sellers’ tenants or employees.
Property Evaluation. The Parties intend to conduct such due diligence as may be reasonably required to evaluate the properties to be exchanged hereunder. This due diligence period shall commence on the Effective Date and expire thirty (30) days thereafter (the "Due Diligence Period"). Each Party will reasonably cooperate with the other to resolve any matters arising during the Due Diligence Period. TEMPE will cooperate with ASU to facilitate ASU's obtaining, at ASU's cost, a title insurance policy for ASU's acquisition of Lot 1. To the extent any title exceptions appear on any title report obtained by ASU that can be removed with the assistance of TEMPE, but at no cost to TEMPE, TEMPE will cooperate with ASU to cause such title exceptions to be removed.
Property Evaluation. The Lessee shall, at Lessee's sole cost and expense, cause (a) to be completed within 90 days of the date hereof a property exam by a third party acceptable to the Agent in its sole discretion to evaluate each Property, the Construction Budget for each Property and such other matters as the Financing Parties may request and (b) within 120 days of the date hereof such third party to deliver to each Financing Party a report in form, substance and detail acceptable to the Agent.
Property Evaluation. Acquiror shall have the right to inspect and examine the Property, during regular business hours, to the extent Acquiror deems necessary in its sole discretion, to determine the condition of the Property. Acquiror and Acquiror’s representatives, consultants, agents and employees shall, during regular business hours and upon no less than 24 hours prior notice to Contributor, who shall be entitled to accompany Acquiror during all inspections, (a) have the right to cause complete environmental reviews and site assessments and inspections of the Property to be made including only a customary Phase I environmental report, (b) have access to all buildings, improvements, storage areas (not under the control of tenants) and, subject to tenant rights, other spaces, equipment and personalty that are included in the Property, and (c) conduct all other necessary feasibility studies, title reports, surveys, soils tests, ground water tests, engineering studies, examination of zoning status, building and use permits, sign permits and all other permits required for the Property. Notwithstanding anything contained herein to the contrary, Acquiror shall not conduct any invasive testing, or so-called Phase II Study, of the Property without first obtaining Contributor’s prior written consent which may be withheld in his sole discretion. While conducting such investigations, tests and studies, Acquiror shall not unreasonably disturb or interfere with Contributor’s business, tenants or employees or with access to or from the Property.
Property Evaluation. Purchaser shall have the right to perform any non-invasive inspections and examinations of the Property, at reasonable times and during regular business hours, to the extent Purchaser deems necessary, to determine the condition of the Property. Purchaser and Purchaser’s representatives, consultants, agents and employees shall, during regular business hours, (a) have the right to cause non-invasive environmental reviews and site assessments and inspections of the Property to be made, (b) have access to all buildings, improvements, storage areas (not under the control of tenants) and, subject to tenant rights, other spaces, equipment and personalty that are included in the Property, and (c) conduct all other necessary non-invasive feasibility studies, title reports, surveys, soils tests, engineering studies, examination of zoning status, building and use permits, sign permits and all other permits required for the Property. While conducting such investigations, tests and studies, Purchaser shall not unreasonably disturb or interfere with Seller’s use of the Property or any person using, occupying or providing services at the Property, including, without limitation, Seller’s tenants and employees. All of the inspections and examinations of the Property shall be at the sole cost and expense of Purchaser. Purchaser shall not cause any damage to the Property and, in the event of any damage to the Property, Purchaser shall immediately repair the same and return the Property to the condition immediately prior to such damage. Prior to entering onto the Property, Purchaser’s consultants and contractors will deliver to Seller certificates of commercial general liability insurance, naming Seller and GECC (as defined in Section 9A) as additional insured parties and will maintain such insurance during the Infection Period, in an amount of no less than $3,000,000 per occurrence insuring all activity and conduct of any employee or agent of Purchaser’s consultants or contractors while exercising the right of access hereunder.
Property Evaluation
