Common use of Special Condition to Closing Clause in Contracts

Special Condition to Closing. Purchaser shall have a period of thirty (30) days from the Effective Date (the period beginning upon the Effective Date and ending on the date which is thirty (30) days thereafter being referred to herein as the “Inspection Period”) but in no event after the Closing Date to make investigations, examinations, inspection, market studies, feasibility studies, lease reviews, and tests relating to the Property and the operation thereof in order to determine, in Purchaser’s sole opinion and discretion, the suitability of the Property for acquisition by Purchaser; subject, however, to the terms of Paragraph 4. Purchaser shall have the right to terminate this Agreement at any time prior to the expiration of the Inspection Period by giving written notice to Seller of such election to terminate. In the event Purchaser so elects to terminate this Agreement, Seller shall be entitled to receive and retain the sum of Twenty-Five Dollars ($25.00) of the Xxxxxxx Money, and the balance of the Xxxxxxx Money shall be promptly refunded by Escrow Agent to Purchaser, whereupon, except as expressly provided to the contrary in this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement. Seller acknowledges that the sum of $25.00 is good and adequate consideration for the termination rights granted to Purchaser hereunder. In the event Purchaser does not give timely notice of its election to terminate this Agreement and Seller performs all of its obligations hereunder, the Xxxxxxx Money shall not be refundable to Purchaser except as a credit against the Purchase Price at Closing.

Special Condition to Closing. Purchaser shall have a period of thirty until December 31, 2002 (30) days from the Effective Date (the period beginning upon the Effective Date and ending on the date which is thirty (30) days thereafter being referred to herein as the “Inspection Period”) but in no event after the Closing Date to make investigations, examinations, inspectioninspections, market studies, feasibility studies, lease reviews, and tests relating to the Property and the operation thereof in order to determine, in Purchaser’s sole opinion and discretion, the suitability of the Property for acquisition by Purchaser; subject, however, to the terms of Paragraph 4. Purchaser shall have the right to terminate this Agreement at any time prior to the expiration of the Inspection Period by giving written notice to Seller of such election to terminate. In the event Purchaser so elects to terminate this Agreement, Seller shall be entitled to receive and retain the sum of Twenty-Five Dollars ($25.00) of the Xxxxxxx Exxxxxx Money, and the balance of the Xxxxxxx Exxxxxx Money shall be promptly refunded by Escrow Agent to Purchaser, whereupon, except as expressly provided to the contrary in this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement. Seller acknowledges that the sum of $25.00 is good and adequate consideration for the termination rights granted to Purchaser hereunder. In the event Purchaser does not give timely notice of its election to terminate this Agreement and Seller performs all of its obligations hereunder, the Xxxxxxx Exxxxxx Money shall not be refundable to Purchaser except as a credit against the Purchase Price at ClosingClosing or as otherwise provided herein.

Special Condition to Closing. Purchaser shall have a period of thirty (30) days from the Effective Date (the period beginning upon the Effective Date and ending on the date which is thirty (30) days thereafter being referred to herein as the “Inspection Period”) but in no event after the Closing Date to make investigations, examinations, inspectioninspections, market studies, feasibility studies, lease reviews, and tests relating to the Property and the operation thereof in order to determine, in Purchaser’s sole opinion and discretion, the suitability of the Property for acquisition by Purchaser; subject, however, to the terms of Paragraph 4. Purchaser shall have the right to terminate this Agreement at any time prior to the expiration of the Inspection Period by giving written notice to Seller of such election to terminate. In the event Purchaser so elects to terminate this Agreement, Seller shall be entitled to receive and retain the sum of Twenty-Five Dollars ($25.00) of the Xxxxxxx Money, and the balance of the Xxxxxxx Money shall be promptly refunded by Escrow Agent to Purchaser, whereupon, except as expressly provided to the contrary in this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement. Seller acknowledges that the sum of $25.00 is good and adequate consideration for the termination rights granted to Purchaser hereunder. In the event Purchaser does not give timely notice of its election to terminate this Agreement and Seller performs all of its obligations hereunder, the Xxxxxxx Money shall not be refundable to Purchaser except as a credit against the Purchase Price at Closing.

Special Condition to Closing. Purchaser shall have a period of thirty forty-five (3045) days ---------------------------- from the Effective Date effective date of this Agreement (the period beginning upon the Effective Date and ending on the date which is thirty (30) days thereafter being referred to herein as the “"Inspection Period”") but in no event after the Closing Date to make investigations, examinations, inspectioninspections, market studies, feasibility studies, lease reviews, and tests relating to the Property and the operation thereof in order to determine, in Purchaser’s 's sole opinion and discretion, the suitability of the Property for acquisition by Purchaser; subject, however, to the terms of Paragraph 4. Purchaser shall have the right to terminate this Agreement at any time prior to the expiration of the Inspection Period by giving written notice to Seller of such election to terminate. In the event Purchaser so elects to terminate this Agreement, Seller shall be entitled to receive and retain the sum of Twenty-Five Dollars ($25.00) of the Xxxxxxx Money, and the balance of the Xxxxxxx Money shall be promptly refunded by Escrow Agent to Purchaser, whereupon, except as expressly provided to the contrary in this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement. Seller acknowledges that the sum of $25.00 is good and adequate consideration for the termination rights granted to Purchaser hereunder. In the event Purchaser does not give timely notice of its election to terminate this Agreement and Seller performs all of its obligations hereunder, the Xxxxxxx Money shall not be refundable to Purchaser except as a credit against the Purchase Price at Closing.