Examples of Due Diligence Activities in a sentence
Developer shall carry (or cause its agents to carry) not less than Two Million Dollars ($2,000,000) comprehensive general liability insurance with contractual liability endorsement which insures against Developer’s indemnity obligations under this Section, naming the Town as an additional insured from the Effective Date through Closing, and, prior to any Due Diligence Activities, shall deliver to the Town written evidence of same.
If the Closing shall not occur hereunder, Developer shall restore promptly, at Developer’s sole cost and expense, any physical damage caused by any Due Diligence Activities, and assign to the Town any and all interest it may have in and to all reports, data, materials and information in connection with Developer’s Due Diligence Activities.
The Town reserves the right to have a representative present at all times during any such Due Diligence Activities.
Developer shall give the Town two (2) days prior notice of its intention to conduct any Due Diligence Activities on HES.
Any Due Diligence Activities conducted by Developer, the cost of hiring any contractor or consultant therefor, and the cost of all reports, data, materials, and information in connection with such Due Diligence Activities shall be at Developer’s sole cost and expense.
From and after the Effective Date of this Agreement and through the Closing, the Town hereby agrees to continue to allow Developer and/or Developer’s authorized agents and/or representatives reasonable access to HES to conduct Due Diligence Activities, and, within fifteen (15) days after the Effective Date, agrees to provide or make accessible to Developer material and final reports, data, materials or information in its actual possession or control not previously provided to Developer.
Xxxxxxxxx agrees to indemnify, defend, and hold the Town free and harmless from any loss, injury, damage, claim, lien, cost and/or expense, including attorney’s fees and costs, arising out of its Due Diligence Activities.