Common use of Seller’s Due Diligence Notice Clause in Contracts

Seller’s Due Diligence Notice. In the event Buyer timely delivers its Buyer’s Due Diligence Notice disapproving any Property Documents or any condition of the Property, Seller shall have ten (10) days from receipt of Buyer’s Due Diligence Notice to deliver written notice to Buyer (“Seller’s Due Diligence Response Notice”) of Seller’s election in its sole and absolute discretion to any of the following: (i) decline to remediate all such conditions and to terminate Escrow and this Agreement; or (ii) correct and/or remediate certain (but not all) of the objectionable conditions at its sole cost prior to the Close of Escrow; or (iii) correct and/or remediate all objectionable conditions at its sole cost prior to the Close of Escrow.

Seller’s Due Diligence Notice. In the event Buyer timely delivers its Buyer’s Due Diligence Notice disapproving any Property Documents or any condition of the Property, Seller shall have ten (10) days from receipt of Buyer’s Due Diligence Notice to deliver written notice to Buyer (“Seller’s Due Diligence Response Notice”) of Seller’s election in its sole and absolute discretion to any of the following: (i) decline to remediate all such conditions and to terminate Escrow and this Agreement; or (ii) correct and/or remediate certain (but not all) any or all of the objectionable conditions at its sole cost prior to the Close of Escrow; or (iii) correct and/or remediate all objectionable conditions at its sole cost prior to the Close of Escrow.