Property Inspection Contingency Sample Clauses

Property Inspection Contingency. This offer is subject to inspection(s) of the property pursuant to the terms and conditions of the Property Inspection Addendum. □ (f ) Other Contingency(s).
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Property Inspection Contingency. Purchaser’s obligation to close under this Contract is is not subject to a property inspection contingency. If this Contract is subject to a property inspection contingency, the parties must execute a Property Inspection Contingency Addendum which shall become part of this Contract. 🞏 🞏
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Property Inspection Contingency. Subject to the terms of Paragraph 11, Xxxxx and Seller agree that the Property is being sold in its present, “AS IS” condition, with no warranties, expressed or implied, and that conditions of the Property that are visible on a reasonable inspection by the Buyer should either be taken into account by the Buyer in the Purchase Price, or the Buyer should make the correction of these conditions by Seller arequirement of the Contract; this provision shall survive Closing and delivery of Seller’s deed to the Buyer.
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Property Inspection Contingency. Purchaser and Purchaser's agent shall have the right to make a thorough examination of the property within thirty (30) days of the date of full execution of this Purchase Agreement. Purchaser shall advise the Seller, in writing within ten (10) days of the expiration of said thirty (30) day inspection period of any defects or conditions deemed unacceptable by the Purchaser. Seller shall, at Seller's option, either correct such conditions to Purchaser's satisfaction at Seller's expense or terminate this Purchase Agreement and refund all xxxxxxx money to Purchaser. Purchaser shall have the right to reinspect the property within five (5) days of the date of closing. Seller covenants and agrees that Seller shall maintain the property in its present condition until the date of closing and shall repair or correct any conditions noted by Purchaser upon reinspection which have occurred or arisen since the date of Purchaser's original inspection.
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Property Inspection Contingency. (a) For a period of twenty-one (21) days after November 17, 1997 (such period, the "Inspection Period"; the last day of such period, December 8, 1997, the "Inspection Period Expiration Date"), Purchaser and its employees, consultants, agents and independent contractors shall have the right and permission to enter upon the Property at reasonable times for the purpose of conducting studies, inspections and tests, including, without limitation, physical, geotechnical and environmental tests and inspections and such other tests and inspections as Purchaser deems appropriate. The foregoing studies, inspections and tests shall be conducted at the sole cost and expense of Purchaser. Notwithstanding the foregoing, Seller shall be responsible for fifty percent (50%) of Purchaser's out-of-pocket costs in the event that (a) Seller shall fail to procure the Settlement Agreement, or (b) Purchaser shall elect to terminate this Agreement under the provisions of Paragraph 5(e) below; provided that in no event shall Seller's liability for such costs exceed Ten Thousand Dollars ($10,000.00). Such reimbursement by Seller, if applicable, shall be made within five (5) business days after Purchaser provides Seller with written evidence of such out-of-pocket costs. The aforesaid liability of Seller, if any, is cumulative with the liability, if any, of Xxxx Xxxxx pursuant to that certain letter executed by Xxxx Xxxxx for the benefit of Purchaser. (b) In conducting the studies, inspections and tests contemplated hereby, Purchaser (i) shall not unreasonably interfere with the existing uses of the Property by persons in possession thereof, (ii) shall afford reasonable prior notice to Seller with respect to the timing and scope of any physically intrusive tests or inspections, and (iii) shall restore promptly any physical damage caused by such studies, inspections or tests. Purchaser hereby agrees to indemnify, defend, and hold Seller free and harmless from any loss, injury, damage, claim, lien, cost or expense, including reasonable attorney's fees and costs, resulting from or arising out of any such study, inspection or test; provided, however, that such indemnity shall not extend to claims arising with respect to any conditions existing on the Property not caused by Purchaser or its employees, agents, consultants or independent contractors. To the extent that the scope of work in conducting such studies, inspections and tests entails physically intrusive work, Purchaser shall provi...
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Property Inspection Contingency. SELLER agrees to have all utilities in service at the time of the BUYER’S inspection. BUYER at BUYER’S expense, reserves the right to retain a New York State Licensed Home Inspector, Architect, or Engineer to make the following inspections to determine if there are any MAJOR defects: (check inspections desired) [ ] [ ] structural [ ] electrical [ ] plumbing [ ] heating [ ] radon [ ] pest infestation [ ] lead other (specify)
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Property Inspection Contingency. Buyer acceptance of the condition of, and any other matter affecting the Property, is a contingency of this agreement. Within the contingency period of days, Buyer, at the Buyer’s expenses, may have inspections, certifications and/or investigations completed by properly licensed or otherwise qualified professionals and may include, but are not limited to: structural components, roof, exterior windows and exterior doors, swimming pools, hot tubs and spa, appliances, plumbing, heating and cooling systems.
Sample 1
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Property Inspection Contingency. From and after the full execution and delivery of this Agreement through and including January 10, 1998 (such period, the "Inspection Period"; the last day of such period, the "Inspection Period Expiration Date"), Purchaser and its employees, consultants, agents and independent contractors shall have the right and permission: (a) To review originals or photocopies of the following: (i) The existing leases and all new leases and tenancies permitted pursuant this Agreement .
Sample 1

Related to Property Inspection Contingency

  • Property Inspection The Servicer is required to inspect each Delinquent Mortgaged Property at such time and in such manner as is in accordance with Prudent Servicing Practices. The Servicer must prepare a Property Inspection Report following each inspection. All Property Inspection Reports must be retained by the Servicer and copies thereof must be forwarded to the Master Servicer promptly upon request. All expenses related to the foregoing shall be recoverable by the Servicer from the Principal or from Liquidation Proceeds, Insurance Proceeds, payments on the related Mortgage Loan or any other source relating to the related Mortgage Loan or the related Mortgaged Property. The foregoing shall not preclude the Servicer from recovering such expenses from the Borrower to the extent permitted by applicable law and the related Mortgage Loan Documents.

  • Property Inspections The Servicer shall conduct property inspections in accordance with the milestones of the repair and rehabilitation plan for such Mortgaged Property and prepare Property Inspection Reports on any Mortgaged Property involving property damage over $15,000. The Servicer shall furnish a copy of the repair and rehabilitation plan for such Mortgaged Property to the Master Servicer upon request.

  • Construction Contingency The proposed GMP Change Order shall include, as a separately identified item, a Construction Contingency sum in an initial amount (subject to increase or decrease) against which Design-Builder can draw at its election for the purposes set forth in Section 4 Part 4. The initial Construction Contingency sum shall include the contingency amounts stated in all accepted Component Change Orders.

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Environmental Audit If required by the Administrative Agent, reports and other information in form, scope and substance satisfactory to the Administrative Agent and prepared by environmental consultants satisfactory to the Administrative Agent, concerning any environmental hazards or liabilities to which any Credit Party may be subject with respect to such Additional Mortgaged Property; and

  • Safety Inspection During inspection of County facilities conducted by the State Division of Occupational Safety and Health for the purpose of determining compliance with the California OSHA requirements, an OCEA designated employee shall be allowed to accompany the inspector while the inspector is in the employee's agency/department. The employee so designated shall suffer no loss of pay when this function is performed during the employee's regularly scheduled work hours.

  • Due Diligence Examination At any time during the Review Period, and thereafter through Closing of the Property, Buyer and/or its representatives and agents shall have the right to enter upon the Property at all reasonable times for the purposes of reviewing all Records and other data, documents and/or information relating to the Property and conducting such surveys, appraisals, engineering tests, soil tests (including, without limitation, Phase I and Phase II environmental site assessments), inspections of construction and other inspections and other studies as Buyer deems reasonable and necessary or appropriate to evaluate the Property, subject to providing reasonable advance notice to Seller unless otherwise agreed to by Buyer and Seller (the “Due Diligence Examination”). Seller shall have the right to have its representative present during Buyer’s physical inspections of its Property, provided that failure of Seller to do so shall not prevent Buyer from exercising its due diligence, review and inspection rights hereunder. Buyer agrees to exercise reasonable care when visiting the Property, in a manner which shall not materially adversely affect the operation of the Property.

  • Environmental Remediation Failure to remediate (or pursue the remediation process with due diligence and good faith) within the time period required by law or governmental order, (or within a reasonable time in light of the nature of the problem if no specific time period is so established), environmental problems in violation of Applicable Law related to Properties of the Borrower and/or its Subsidiaries where the estimated cost of remediation is in the aggregate in excess of Seventy-Five Million Dollars ($75,000,000), in each case after all administrative hearings and appeals have been concluded.

  • Environmental Inspection 14 ARTICLE XI.........................................................................14 11.1 Modifications............................................................14

  • MORTGAGE CONTINGENCY A. This agreement is contingent upon Purchaser obtaining approval of a Conventional, FHA or VA (if FHA or VA, see attached required addendum) or mortgage loan of $ for a term of no more than years at an initial fixed or adjustable nominal interest rate not to exceed % (percent). Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this contract. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker. Upon receipt of a written mortgage commitment or in the event Purchaser chooses to waive this mortgage contingency, Purchaser shall provide notice in writing to of Purchaser’s receipt of the mortgage commitment or of Purchaser’s waiving of this contingency. Upon receipt of such notice this contingency shall be deemed waived or satisfied as the case may be. In the event notice as called for in the preceding sentence has not been received on or before , , then either Purchaser or Seller may within five business days of such date terminate, or the parties may mutually agree to extend, this contract by written notice to . Upon receipt of termination notice from either party, and in the case of notice by the Purchaser, proof of Purchaser’s inability to obtain said mortgage approval, this agreement shall be cancelled, null and void, and all deposits made hereunder shall be returned to the Purchaser.

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