Review of the Property Sample Clauses

Review of the Property. 3.1 From and after the "Effective Date" (as defined in Paragraph 9.23), Seller agrees to provide Purchaser and its agents or consultants with access to the Property to inspect each and every part thereof to determine its present condition and to conduct such physical and environmental studies (including a mechanical and roof study and Phase I environmental assessment) as it deems appropriate. 3.2 Within three (3) business days after the Effective Date Seller will make available to Purchaser for inspection and copying, all to the extent in the possession of Seller or its managing agent, a copy of each existing Lease and equipment lease, service contract and maintenance or other contract pertaining to the operations of the Property that will survive Closing, a copy of each real estate tax bills for 1994-1996, both inclusive, and unaudited financial statements for the Property for the years 1994-1996, both inclusive. 3.3 Within three (3) business days after the Effective Date Seller will make available to Purchaser for inspection and copying at the office of Seller's managing agent, all to the extent in the possession of Seller or its managing agent: 3.3.1 a copy of each environmental reports relating to the Property prepared by third party consultants since January 1, 1995. 3.3.2 a copy of each current franchises, business or other licenses, bonds, permits, certificates, authorizations and other evidences of consent, approval, authorization or permission relating to or affecting the Project of or from any person, including any governmental authority, held by Seller, including any pending applications. 3.3.3 a copy of each material third party warranties and guaranties, if any, which are in effect with respect to the Property. 3.4 Purchaser has until 5:00 p.m. CST on February 2, 1998 (the "Review Period"), to determine in its sole discretion whether all matters relating to the Property (except title and survey, which are governed by Paragraph 4), are acceptable, and to obtain the approval of the transaction contemplated herein by Seller's Board of Directors. If Purchaser concludes that any matter relating to the Property is not acceptable or that its Board has disapproved the transaction, Purchaser will so notify Seller (the "Termination Notice") prior to the expiration of the Review Period (which notice shall contain a copy of Purchaser's roof/structural report and other reports or studies, other than environmental reports, obtained in connection with Purcha...
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Review of the Property. 3.1 Prior to the Effective Date, Seller has provided Purchaser and its agents or consultants with access to the Property to inspect each and every part thereof to determine its present condition and to conduct such physical and environmental studies (including a mechanical and roof study and Phase I environmental assessment) as it deemed appropriate. 3.2 Prior to the Effective Date, Seller has delivered to Purchaser, or made copies available to Purchaser at the Property, all to the extent in the possession of Seller or its managing agent: 3.2.1 a copy of any existing occupancy and equipment leases, service contracts and maintenance or other contracts pertaining to the operations of the Property that will survive Closing, copies of all real estate tax bills for the years 1996, 1997 and 1998 and through the period ending June 30, 1999, both inclusive, and unaudited operating statements for the Property for the years 1996, 1997 and 1998, and for the first three months of 1999. 3.2.2 a copy of any environmental reports relating to the Property prepared by third party consultants. 3.2.3 a copy of all current franchises, business or other licenses, bonds, permits, certificates, authorizations and other evidences of consent, approval, authorization or permission relating to or affecting the Property of or from any person, including any governmental authority, held by Seller, including any pending applications. 3.2.4 a copy of all material third party warranties and guaranties, if any, which are in effect with respect to the Property. 3.2.5 a copy of those other materials set forth on SCHEDULE 3.2.5. 3.2.6 as-built plans and specifications for the improvements on the Property, including the plans and specifications for and a complete description of all existing renovations to the Property and the leasable space therein, if available. 3.2.7 as-built drawings of underground utilities (including sewer, water, gas, telephone and electrical service cables) located under the Land, if available. 3.3 Purchaser agrees that any information obtained by Purchaser or its authorized agents in the conduct of its due diligence will be treated as confidential pursuant to Paragraph 8.17. 3.4 As and when Seller obtains updated or new information, which, if presently in Seller's possession, would have been delivered to Purchaser pursuant to Paragraph 3.2 (including additional monthly reports on the Property), Seller shall deliver such updated and new information to Purchaser.
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Review of the Property. Upon its execution of this Agreement, Seller shall: 3.1 Subject to the provisions of Section 8.15 hereof, provide Purchaser and its agents or consultants with access to the Property to inspect each and every part thereof to determine its present condition and to conduct such physical and environmental studies (including a mechanical and roof study) as Purchaser deems appropriate. 3.2 Deliver to Purchaser copies of those documents and items listed in Exhibit B. By executing this Agreement, Purchaser acknowledges receipt of all of such items. 3.3 Purchaser shall have the period of thirty (30) days (the "Review Period") commencing on the date that a fully executed copy of this Agreement is delivered to Purchaser ("Effective Date") to determine in its sole discretion whether all matters relating to the Property (other than title and survey, which are governed by Paragraph 4) are acceptable and whether it can obtain financing in connection with the purchase of the Property. If Purchaser shall conclude that any matter relating to the Property is not acceptable or Purchaser fails to obtain an unconditional financing commitment for a loan in relation to the Property in the amount of eighty percent (80%) of the Purchase Price, Purchaser shall so notify Seller in writing prior to the expiration of the aforementioned period (which notice shall contain a copy of Purchaser's environmental report (if requested by Seller), roof/structural report and other reports or studies obtained in connection with Purchaser's due diligence, and a specific statement as to the conditions found to be unacceptable; however, the following shall not be construed to limit or qualify Purchaser's absolute right to terminate this Agreement if it does not determine that all matters relating to the Property are acceptable), and this Agreement shall terminate without liability on the part of Seller or Purchaser, other than Purchaser's indemnity contained in Paragraph 8.15 hereof, and the Deposit plus interest shall be returned to Purchaser. In the event that Purchaser does not timely so notify Seller, Purchaser shall be deemed to have concluded that the condition of the Property is acceptable, to have obtained financing for the Property and to have elected to proceed with the transaction upon the terms and conditions contained herein. Notwithstanding anything in the foregoing to the contrary, Purchaser acknowledges that it is aware that the roof requires replacement, and that Purchaser shall have...
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Review of the Property. Commencing upon execution of this Agreement, DELBARBA shall have the opportunity to conduct investigations of the CITY parcel to determine if it is in any way inappropriate for development or for consideration to purchase. If DELBARBA exercise this Option, such action shall be prima facie evidence of DELBARBA’s conclusion that there is no impediment, restriction or limitation pertaining to the CITY parcelremnant parcels. The CITY will pay for and a provide to DELBARBA a copy of a Phase 1 environmental report.
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Review of the Property. 4 6.1 Physical State............................................5
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Review of the Property. 5.1 Access for Review . From the date of this Agreement to the Closing Date, Seller shall provide Buyer and Buyer’s representatives with reasonable access to the Property, and, to the extent in Seller’s possession or control, all drawings, plans and specifications for the Property, all engineering and other reports and studies relating to the Property, all files and correspondence relating to the Property, at all reasonable times to make such studies, inspections, tests, copies and verifications as Buyer, in Buyer’s discretion, considers reasonably necessary or desirable in the circumstances. In addition, Seller shall use reasonable efforts to respond to Buyer’s requests for information regarding the Property, to the extent such information is readily available to Seller. In connection with any entry by Buyer, or its agents, employees or contractors onto the Property, Buyer shall give Seller reasonable advance notice of such entry and shall conduct such entry and any inspections in connection therewith in a manner reasonably acceptable to Seller. Without limiting the foregoing, prior to any entry to perform any on-site testing, Buyer shall give Seller written notice thereof, including the identity of the company or persons who will perform such testing and the proposed scope of the testing. Seller shall approve or disapprove, in Seller’s reasonable discretion, the proposed testing within three (3) business days after receipt of such notice. If Seller fails to respond within such three (3) business day period, Buyer may provide the City Manager with written notice that Seller’s failure to approve or disapprove the proposed testing within give (5) days after such written notice. is received by the City Manager shall be deemed to be approval of the proposed testing by Seller. If Seller fails to approve or disapprove the proposed testing within five (5) days after the receipt of such notice, Seller shall be deemed to have approved the proposed testing. Seller or its representative may be present to observe any testing or other inspection performed on the Property. Buyer shall meet with Seller periodically to update Seller as to the results of its investigations and testing and, shall upon the request of Seller, deliver to Seller, at least ten (10) days prior to Closing or upon any termination of this Agreement, copies of any reports relating to any testing or other inspections of the Property performed by Buyer or its agents, employees or contractors. Buyer sh...
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Review of the Property 
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Related to Review of the Property

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Operation of the Property Between June 1, 1998 and the Closing Date, Seller shall (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof (provided, however, that without the prior consent of Purchaser, which as to (i) and (ii) shall not be unreasonably delayed, conditioned or withheld, (i) Seller shall not enter into any Service Contract that cannot be terminated with thirty (30) days notice or materially modify any existing Service Contracts to be assumed by Purchaser at Closing, and (ii) after June 1, 1998, Seller shall not materially modify or terminate any existing Tenant Lease or grant any material consents under any existing Tenant Lease (except as otherwise required pursuant to the terms and conditions of such Tenant Lease), or enter into any new Tenant Lease, and (iii) Seller shall not apply any then unapplied Deposits (as reflected on the Rent Roll delivered by Seller to Purchaser pursuant to Schedule 5.3(vii) hereof) under Tenant Leases); and (b) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge. Notwithstanding anything to the contrary set forth in this Contract, Purchaser acknowledges that after June 1, 1998 and prior to Closing, Seller will enter into contracts for the completion of Tenant improvements under Tenant Leases entered into after June 1, 1998 pursuant to the terms of Section 12.1 hereof (collectively, the "Tenant Finish Contracts"). Purchaser and Seller agree that at Closing, Purchaser shall assume the obligations of Seller under all such Tenant Finish Contracts including, without limitation, the obligations to pay any costs and expenses charged with respect to construction of improvements in the space subject to such Tenant Leases. At Closing, Purchaser shall execute and deliver to the Seller an Assignment, Assumption and Indemnity Agreement in the form attached hereto as Exhibit H and made a part hereof for all purposes.

  • Condition of the Property THE LESSEE ACKNOWLEDGES AND AGREES THAT IT IS LEASING THE PROPERTY "AS IS" WITHOUT REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) BY THE LESSOR AND SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF ANY PARTIES IN POSSESSION THEREOF, (C) ANY STATE OF FACTS WHICH AN ACCURATE SURVEY OR PHYSICAL INSPECTION MIGHT SHOW, AND (D) VIOLATIONS OF REQUIREMENTS OF LAW WHICH MAY EXIST ON THE DATE HEREOF OR ON THE ACQUISITION DATE. THE LESSOR HAS NOT MADE AND SHALL NOT BE DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) AND SHALL NOT BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE (OTHER THAN FOR LESSOR LIENS), VALUE, HABITABILITY, USE, CONDITION, DESIGN, OPERATION, OR FITNESS FOR USE OF THE PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PART THEREOF) AND THE LESSOR SHALL NOT BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREIN (OTHER THAN FOR LESSOR LIENS) OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY WITH ANY REQUIREMENT OF LAW.

  • RISK OF THE PROPERTY As from the time of the sale, the Property shall be at the sole risk of the Purchaser as regards to loss or damage of whatsoever nature or howsoever occurring including by fire or other accidents, state of cultivation, non-occupation or otherwise.

  • Scope of the Project Under this Agreement, the scope of the Project (the “Scope of the Project”) shall mean and include: (a) construction of the Project Highway on the Site set forth in Schedule- A and as specified in Schedule-B together with provision of Project Facilities as specified in Schedule-C, and in conformity with the Specifications and Standards set forth in Schedule-D; (b) maintenance of the Project Highway in accordance with the provisions of this Agreement and in conformity with the requirements set forth in Schedule-E; and (c) performance and fulfilment of all other obligations of the Contractor in accordance with the provisions of this Agreement and matters incidental thereto or necessary for the performance of any or all of the obligations of the Contractor under this Agreement.

  • Maintenance of the Property Neither Broker nor Brokerage Firm is responsible for maintenance of the 324 Property nor are they liable for damage of any kind occurring to the Property, unless such damage is caused by their negligence or 325 intentional misconduct.

  • Sale of the Property Any sale of the Property shall not affect this Lease or any of your obligations, but upon such sale we will be released from all of our obligations under this Lease and the new owner of the Property will be responsible for the performance of the duties of "Landlord" from and after the date of such sale.

  • Use of the Property The Tenant agrees with the Landlord as follows:- 3.1 To use the Room or Studio (as applicable) only as a single private residence for occupation by the Tenant personally and not to allow visitors to remain in the Room or in the Flat or Studio (as applicable) overnight unless the Tenant has registered the visitor at reception and obtained the Landlord’s consent to the visitor remaining in the Room or the Flat or Studio (as applicable) overnight such consent not to be unreasonably withheld or delayed provided that no overcrowding occurs and (where applicable) the other occupiers of the Flat do not raise any objection 3.2 The Tenant shall not: 3.2.1 use the Room Studio Flat or Building for the purposes of conducting a business 3.2.2 keep any pets or other animals on or in the Room Studio Flat or Building without the prior written consent of the Landlord 3.2.3 play or use any musical instrument or television radio or other means of reproducing sound so that the sound is audible outside the Room Flat Studio or Building 3.2.4 connect to the telephone line the internet or any other systems 3.2.5 store bicycles in the Room Flat Studio or Building but to store any bicycle in the designated bicycle areas of the Building only and in the event of the Landlord removing any bicycle stored in breach of this clause to pay to the Landlord within 7 days of written demand £25 before the release of the bicycle to the Tenant 3.2.6 store or keep or use any unlawful substance or materials in the Room Flat Studio or Building at any time and to report to the Landlord or any of its employees the presence of any such unlawful substance or materials 3.2.7 keep store or use in the Room Flat Studio or Building any inflammable or dangerous articles, any lighted candles electronic cigarettes incense sticks shisha pipes naked flame appliances portable heater lamp or other portable apparatus fed by paraffin or liquid gas and to comply with all of the Landlord’s requirements relating to fire safety as set out in the Fire Safety Agreement which is available for inspection at the relevant onsite management reception 3.2.8 keep or use in the Room Flat Studio or Building any electrical heating and/or electrical cooking equipment and/or multiway adaptors; 3.2.9 bring into or keep in the Room Flat Studio or Building any other electrical items (“the Items”) unless the Tenant has first produced by prior appointment the Items to the Landlord’s officer in the relevant onsite management reception for Portable Appliance Testing (“XXX”) and thereafter obtained the approval of the Landlord to the keeping and using of the Items in the Room or the Flat or Studio, ( as applicable) which approval will be given if the Items are in good safe working order and meet the XXX requirements 3.2.10 expose or allow to be hung any laundry washing or other items so as to be visible from outside of the Room Flat Studio or Building and not to dry clothes on the storage heaters 3.2.11 not to bring into or keep in the Room Flat Studio or Building any washing machine 3.2.12 glue stick nail tack screw fix or fasten (whether with Blue-Tack or similar materials) anything whatsoever to the interior or the exterior of the Room Flat Studio or Building 3.2.13 smoke (including electronic cigarettes) or use non-prescription drugs within the Room Flat Studio or Building 3.2.14 part with the keys or access fob to the Room Flat Studio or Building and to report immediately any loss of the same to the Landlord and to pay to the Landlord before the Landlord issues any replacements the sum of £20 for each replacement key and £15 for each replacement access fob (and if a key or access fob is found and returned by the student after a replacement has been issued and the cost charged, the refund of the cost is at the Landlord’s discretion and in any event an administrative fee may be charged.) 3.2.15 damage or force or in any way misuse any locks in the Room Flat Studio or Building and in the event of default to pay to the Landlord on demand all reasonable costs (including an additional administration charge) reasonably incurred by the Landlord in replacing the same and/or making good all damage caused 3.2.16 connect to or trail wires from the telephone apparatus and/or any television in the Room Flat Studio or Building to protect the health and safety of the Tenant and (where applicable) the occupiers of the Building 3.2.17 tamper with any fire safety equipment in the Room Flat Studio or Building including without limitation fire extinguishers, smoke alarms, emergency exit signs and break glass alarm points 3.2.18 cause a nuisance annoyance or interference or threaten or abuse any other residents in the Building any employees servants or agents of the Landlord or the owners and occupiers of neighbouring, adjoining or adjacent property or the owners of occupiers of them; 3.2.19 do anything that has the effect of invalidating the insurance that the Landlord has taken out in relation to the Building 3.2.20 use the Room or the Flat or the Studio for immoral or illegal purposes or otherwise commit or be involved in any criminal activity 3.3 The Tenant agrees to: 3.3.1 where applicable, open the windows in the Room or the Studio to the tilt position for at least 30 minutes each day (provided that the Tenant is in occupation) to ventilate the Room or Studio and not to open the windows in the Room beyond the tilt position save in emergencies. 3.3.2 always to use the extractor fan in the bathroom when using the bathroom and not to disable the extractor fan except for safety reasons in an emergency 3.3.3 use best endeavours to ensure that the Tenant’s visitors comply with the Tenant’s obligations under this Agreement while present in the Room Flat Studio or the Building 3.3.4 comply with additional obligations or restrictions set out in any management scheme or other regulations reasonably required by the Landlord which may be notified to the Tenant in writing from time to time. 3.4 Unless otherwise expressly provided, the obligations and liabilities of the Tenant under this agreement are joint and several. This means that where, there is more than one tenant of the Studio Flat or the Building the Tenant will be liable for all sums due under the agreement, not just liable for a proportionate part.

  • DESCRIPTION OF THE PROPERTY 13.1 The Property as referred to in the Proclamation of Sale shall be deemed to have been correctly and sufficiently described. 13.2 All intended bidders including the Purchaser shall be deemed to have sought independent legal advice, made necessary enquiries, searches and inspection of the Property and is satisfied with the identity, description, state and condition of the Property. 13.3 In the event of any error, misstatement, omission and/or misdescription of any kind relating to the Property in the Proclamation of Sale or any other documents, such error, misstatement, omission and/or misdescription shall not in any manner annul the sale, nor shall there be any adjustment of the Purchase Price nor shall compensation be allowed nor shall the Bank be open to any liability of any form. 13.4 If the land or floor area of the property is found to exceed that as described and additional payment is imposed for the excess area by the Developer and/or relevant authorities, then such additional payment shall be solely and absolutely borne and paid by the Purchaser 13.5 If the land or floor area of the property is found to be less that as described, any claim for the reduced area shall be undertaken solely by the Purchaser against the Developer and/or such party and neither the Assignee/ Bank , the Assignee/ Bank’s solicitors nor the Auctioneer shall in any way responsible or liable for such claim. The auction sale herein shall not be annulled and there shall not be any adjustment of the Purchase Price as a result of such shortfall in the area of the Property.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on

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