Common use of SELLER DISCLOSURES Clause in Contracts

SELLER DISCLOSURES. The Seller will deliver to the Buyer the following Seller Disclosures no later than the number of calendar days indicated below which shall be days after Acceptance: (days) [X] (a) a Seller Property Condition Disclosure for the Property, signed and dated by Seler: 2 [X] (b) a commitment for the policy of title insurance required under Section 6, to be issued by the title insurance company chosen by Seller, including copies of all documents listed as Exceptions on the Commitment: 2 [ ] (c) a copy of all loan documents relating to any loan now existing which will encumber the Property after Closing: n/a [X] (d) a copy of all leases and rental agreements now in effect with regard to the Property together with a current rent roll: 2 [X] (e) operating statements of the Property for its last n/a full fiscal years of operation plus the current fiscal year through 11/30/99, certified by the Seller or by an independent auditor: 2 [ ] (f) tenant Estoppel agreements: n/a Seller agrees to pay any charge for cancellation of the title commitment provided under subsection (b). If Seller does not provide any of the Seller Disclosures within the time periods agreed above, the Buyer may either waive the particular Seller Disclosure requirement by taking no timely action or the Buyer may notify the Seller in writing within 10 calendar days after the expiration of the particular disclosure time period that the Seller is in Default under this Contract and that the remedies under Section 16 are at the Buyer's disposal. The holder of the Xxxxxxx Money Deposit shall, upon receipt of a copy of Buyer's written notice, return to the Buyer the Xxxxxxx Money Deposit without the requirement of further written authorization from the Seller.

Appears in 1 contract

Samples: Schimatic Cash Transactions Network Com Inc

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SELLER DISCLOSURES. The Seller will deliver to the Buyer buyer the following Seller Disclosures no later than the number of calendar days indicated below which shall be days after Acceptance: (days) [Xx] (aa ) a Seller Property Condition Disclosure condition disclosure for the Property, signed and dated by Seler: 2 Seller; 15 [Xx] (bb ) a commitment for the policy of title insurance required under Section 6, to be issued by the title insurance company chosen by Seller, including copies of all documents listed as Exceptions on the Commitment: 2 [ . 15 [x] (cc ) a copy of all loan documents relating to any loan now existing which will encumber the Property after Closing: n/a ; 15 [Xx] (dd ) a copy of all leases and rental agreements now in effect with regard to the Property together with a current rent roll: 2 ; 15 [Xx] (e) operating statements of the Property for its last n/a 2 full fiscal years of operation operations plus the current fiscal year through 11/30/991996 , certified by the Seller or by an independent auditor: 2 [ ; 15 [x] (f) tenant Estoppel estoppel agreements: n/a . 30 Seller agrees to pay any charge for cancellation of the title commitment provided under subsection (b). If Seller does not provide any of the Seller Disclosures within the time periods agreed above, the Buyer buyer may either waive the particular Seller Disclosure requirement by taking no timely action or the Buyer buyer may notify the Seller in writing within 10 3 calendar days after the expiration of the particular disclosure time period that the Seller is in Default under this Contract and that the remedies under Section 16 are at the Buyer's disposal. The holder of the Xxxxxxx Money Deposit shall, upon receipt of a copy of Buyer's written notice, return to the Buyer the Xxxxxxx Money Deposit without the requirement of further written authorization from the Seller.

Appears in 1 contract

Samples: Cyberamerica Corp

SELLER DISCLOSURES. The Seller will deliver to the Buyer the following Seller Disclosures no later than the number of calendar days indicated below which shall be days after Acceptance: (days) [X] (a) a Seller Property Condition Disclosure for the Property, signed and dated by Seler: 2 [X] (b) a commitment for the policy of title insurance required under Section 6, to be issued by the title insurance company chosen by Seller, including copies of all documents listed as Exceptions on the Commitment: 2 [ ] (c) a copy of all loan documents relating to any loan now existing which will encumber the Property after Closing: n/a [X] (d) a copy of all leases and rental agreements now in effect with regard to the Property together with a current rent roll: 2 [X] (e) operating statements of the Property for its last n/a full fiscal years of operation plus the current fiscal year through 11/30/99, certified by the Seller or by an independent auditor: 2 [ ] (f) tenant Estoppel agreements: n/a Seller agrees to pay any charge for cancellation of the title commitment provided under subsection (b). If Seller does not provide any of the Seller Disclosures within the time periods agreed above, the Buyer may either waive the particular Seller Disclosure requirement by taking no timely action or the Buyer may notify the Seller in writing within 10 calendar days after the expiration of the particular disclosure time period that the Seller is in Default under this Contract and that the remedies under Section 16 are at the Buyer's disposal. The holder of the Xxxxxxx Money Deposit shall, upon receipt of a copy of Buyer's written notice, return to the Buyer the Xxxxxxx Money Deposit without the requirement of further written authorization from the Seller.. 7.2

Appears in 1 contract

Samples: Schimatic Cash Transactions Network Com Inc

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SELLER DISCLOSURES. The Seller will deliver to the Buyer the following Seller Disclosures no later than the number of calendar days indicated below which shall be days after Acceptance: (days) [X] (a) a Seller Property Condition Disclosure for the Property, signed and dated by SelerSeller: 2 7 [X] (b) a commitment for the policy of title insurance required under Section 6, to be issued by the title insurance company chosen by Seller, including copies of all documents listed as Exceptions on the Commitment: 2 [ 10 [X] (c) a copy of all loan documents relating to any loan now existing which will encumber the Property after Closing: n/a 7 [X] (d) a copy of all leases and rental agreements now in effect with regard to the Property together with a current rent roll: 2 7 [X] (e) operating statements of the Property for its last n/a 3 full fiscal years of operation plus the current fiscal year year. 10 through 11/30/99JUNE 1997 , certified by the Seller or by an independent auditor: 2 N/A [ ] (f) tenant Estoppel agreementsagreement: n/a Seller agrees to pay any charge for cancellation of the title commitment provided under subsection (b). If Seller does not provide any of the Seller Disclosures within the time periods agreed above, the Buyer may either waive the particular Seller Disclosure requirement by taking no timely action or the Buyer may notify the Seller in writing within 10 3 calendar days after the expiration of the particular disclosure time period that the Seller is in Default under this Contract and that the remedies under Section 16 are at the Buyer's disposal. The holder of the Xxxxxxx Money Deposit shall, upon receipt of a copy of Buyer's written notice, return to the Buyer the Xxxxxxx Money Deposit without the requirement of further written authorization from the Seller.

Appears in 1 contract

Samples: Cyberamerica Corp

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