Common use of Wood Infestation Clause in Contracts

Wood Infestation. Purchaser (Seller, in the case of a new V.A. xxxx) agrees to pay the cost of a wood destroying insect inspection of the building and attached and detached structures, and Xxxxxx agrees to pay for any treatment or repair work found necessary for issuance of a wood destroying insects warranty. Purchaser agrees to accept the treated Property upon completion of repairs provided, however, that if treatment and repairs exceed 2% of the purchase price or , this Purchase Agreement may be cancelled by Seller and/or Purchaser, by written notice delivered to the other party within 5 days of receipt of wood destroying insect inspection report, which inspection report must be delivered to Seller and Purchaser within 10 Days after acceptance of this Uniform Purchase Agreement.

Appears in 2 contracts

Samples: Purchase Agreement, Uniform Purchase Agreement

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Wood Infestation. Purchaser (Seller, in the case of a new V.A. xxxxVA loan) agrees to pay the cost of a wood destroying insect inspection of the building and attached and detached structuresProperty, and Xxxxxx Seller agrees to pay for any treatment or repair work found necessary for issuance of a wood destroying insects warranty. Termite inspection work is to be performed by or . Purchaser agrees to accept the treated Property upon completion of repairs providedrepairs. Provided, however, that if treatment and repairs exceed 2% or of the purchase price or price, this Purchase Agreement may be cancelled by Seller and/or Purchaser, by written notice delivered to the other party within 5 five (5) days of receipt of a wood destroying insect inspection report, which inspection report must be delivered to the Seller and Purchaser within 10 Days after acceptance of this Uniform Purchase Agreementnot later than ten (10) days prior to the Closing Date, at which time Purchaser shall be paid the Xxxxxxx Money with no further agreement or release required.

Appears in 1 contract

Samples: Uniform Purchase Agreement

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Wood Infestation. Purchaser (Seller, in the case of a new V.A. xxxxloan) agrees to pay the cost of a wood destroying insect inspection of the building and attached and detached structures, and Xxxxxx Seller agrees to pay for any treatment or repair work found necessary for issuance of a wood destroying insects warranty. Purchaser agrees to accept the treated Property upon completion of repairs provided, however, that if treatment and repairs exceed 2% of the purchase price or , this Purchase Agreement may be cancelled by Seller and/or Purchaser, by written notice delivered to the other party within 5 days of receipt of wood destroying insect inspection report, which inspection report must be delivered to Seller and Purchaser within 10 Days after acceptance of this Uniform Purchase Agreement.

Appears in 1 contract

Samples: Purchase Agreement

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