Common use of S.T Clause in Contracts

S.T. on the Due Diligence Termination Date, Buyer may, subject to the provisions set forth in Paragraph 10 above, review all plans and specifications, condition of title, agreements relating to and the availability of utilities, environmental conditions, the physical condition of the existing improvements, compliance by the Property with zoning, licensing and all other governmental requirements, Leases for any of the Real Property, operating statements pertaining to the Property and all other aspects and conditions of the Property which Buyer may decide to review (collectively, "Buyer's Due Diligence Activities"), all as Buyer shall deem appropriate). In connection with Buyer's Due Diligence Activities, Seller has delivered or will deliver to Buyer various documents, reports and materials (collectively, the "Seller Due Diligence Materials"). BUYER UNDERSTANDS AND HEREBY ACKNOWLEDGES AND AGREES THAT THE SELLER DUE DILIGENCE MATERIALS ARE BEING DELIVERED TO BUYER WITHOUT ANY REPRESENTATION OR WARRANTY WHATSOEVER BY SELLER OR BY THE PREPARER OF SUCH SELLER DUE DILIGENCE MATERIALS, WITH THE SOLE EXCEPTION OF ANY REPRESENTATION OR WARRANTY AS TO THE CORRECTNESS, ACCURACY OR COMPLETENESS THEREOF WHICH IS EXPRESSLY SET FORTH IN THIS AGREEMENT.

S.T. on the Due Diligence Termination Date, Buyer may, subject to the provisions set forth in Paragraph 10 above, review all plans and specifications, condition of title, agreements relating to and the availability of utilities, environmental conditions, the physical condition of the existing improvements, compliance by each of the Property Real Properties with zoning, licensing and all other governmental requirements, Leases for any of the Real PropertyProperties, operating statements pertaining to each of the Property Real Properties and all other aspects and conditions of each of the Property Real Properties which Buyer may decide to review (collectively, "Buyer's Due Diligence Activities"), all as Buyer shall deem appropriate). In connection with Buyer's Due Diligence Activities, Seller has delivered or will deliver to Buyer various documents, reports and materials (collectively, the "Seller Due Diligence Materials"). BUYER UNDERSTANDS AND HEREBY ACKNOWLEDGES AND AGREES THAT THE SELLER DUE DILIGENCE MATERIALS ARE BEING DELIVERED TO BUYER WITHOUT ANY REPRESENTATION OR WARRANTY WHATSOEVER BY SELLER OR BY THE PREPARER OF SUCH SELLER DUE DILIGENCE MATERIALS, WITH THE SOLE EXCEPTION OF ANY REPRESENTATION OR WARRANTY AS TO THE CORRECTNESS, ACCURACY OR COMPLETENESS THEREOF WHICH IS EXPRESSLY SET FORTH IN THIS AGREEMENT.

S.T. on the Due Diligence Termination Date, Buyer may, subject to the provisions set forth in Paragraph 10 above, Partnership may review all plans and specifications, condition conditions of title, agreements relating to and the availability of utilities, environmental conditions, the physical condition of the existing improvements, compliance by the Property Properties with zoning, licensing and all other governmental requirements, Leases for any of the Real Property, operating statements pertaining to the Property Properties and all other aspects and conditions of the Property Properties which Buyer the Partnership may decide to review (collectivelycollectively with the Partnership's Inspections, "Buyerthe Partnership's Due Diligence Activities"), all as Buyer the Partnership shall deem appropriate). In connection with Buyerthe Partnership's Due Diligence Activities, Seller each Contributor has delivered or will deliver to Buyer the Partnership various documents, reports and materials (collectively, the "Seller Contributor Due Diligence Materials"). BUYER UNDERSTANDS AND HEREBY ACKNOWLEDGES AND AGREES THAT THE SELLER DUE DILIGENCE MATERIALS ARE BEING DELIVERED TO BUYER WITHOUT ANY REPRESENTATION OR WARRANTY WHATSOEVER BY SELLER OR BY THE PREPARER OF SUCH SELLER DUE DILIGENCE MATERIALSThe Partnership understands and hereby acknowledges and agrees that the Contributor Due Diligence Materials are being delivered to the Partnership without any representation or warranty whatsoever by any Contributor or by the preparer of such Contributor Due Diligence Materials, WITH THE SOLE EXCEPTION OF ANY REPRESENTATION OR WARRANTY AS TO THE CORRECTNESSwith the sole exception of any representation or warranty as to the correctness, ACCURACY OR COMPLETENESS THEREOF WHICH IS EXPRESSLY SET FORTH IN THIS AGREEMENTaccuracy or completeness thereof which is expressly set forth in this Agreement. The Partnership and the Trust hereby acknowledge and agree that the Due Diligence Termination Date has, as of the date hereof, expired and the right of the Partnership and the Trust to conduct the Partnership's Due Diligence Activities and to terminate this Agreement as a result thereof has also expired.