Common use of Restoration Clause in Contracts

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 47 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)

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Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing Closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 10 contracts

Samples: Purchase Agreement, Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents agents, employees or employeescontractors, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 9 contracts

Samples: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies. The provisions of this Section 3.3 shall survive any termination of this Contract.

Appears in 9 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property Properties damaged by the conduct of Buyer, its agents agents, employees or employeescontractors, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies. Buyer’s obligations under this Section 3.3 shall survive any termination of this Contract.

Appears in 7 contracts

Samples: Purchase Contract (Apple REIT Eight, Inc.), Purchase Contract (Apple REIT Eight, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, and shall promptly repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 7 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property Properties in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property Properties damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 5 contracts

Samples: Purchase Contract (Apple REIT Eight, Inc.), Purchase Contract (Apple REIT Eight, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property Properties in conducting its examinations and studies of the Property Properties during the Due Diligence Examination and, if closing does not occur, shall repair any portion of the Property Properties damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the affected Property were in immediately prior to such examinations or studies.

Appears in 2 contracts

Samples: Purchase Contract (Apple Reit Six Inc), Purchase Contract (Apple REIT Seven, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing Closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies. Buyer agrees to indemnify and hold harmless Seller from any liabilities Seller may suffer by reason of damage to persons or property resulting from such examinations or studies made by or at the request of Buyer.

Appears in 2 contracts

Samples: Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Interstate Hotels & Resorts Inc)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing Closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents agents, contractors or employees, to substantially the condition such portion(s) of the affected Property were in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Nine, Inc.)

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Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing does not occur, shall hold the Seller harmless and repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Ten, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing Closing does not occuroccur as set forth herein, or within a reasonable time upon the written demand of Seller, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, . if closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents or employees, to substantially the condition such portion(s) of the Property were in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property Properties in conducting its examinations and studies of the Property Properties during the Due Diligence Examination and, if closing Closing does not occur, shall repair any portion of the Property Properties damaged by the conduct of Buyer, its agents agents, contractors or employees, to substantially the condition such portion(s) of the affected Property were in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

Restoration. Buyer covenants and agrees not to damage or destroy any portion of the Property in conducting its examinations and studies of the Property during the Due Diligence Examination and, if closing Closing does not occur, shall repair any portion of the Property damaged by the conduct of Buyer, its agents agents, contractors or employees, to substantially the condition such portion(s) of the Property were was in immediately prior to such examinations or studies.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

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