Due Diligence Date definition
Examples of Due Diligence Date in a sentence
If Purchaser does not terminate this Agreement in accordance with this Section 7.1(b) on or before the Due Diligence Date, Purchaser shall have no further right to terminate this Agreement pursuant to this Section 7.1(b).
In the event of lesser damage or destruction after the Due Diligence Date, Buyer shall have no right to terminate this Agreement by reason of such damage or destruction.
In the event of a taking of less than all or a material part of the Property after the Due Diligence Date, Buyer shall have no right to terminate this Agreement by reason of such taking.
Purchaser shall have the right, pursuant to written notice delivered to Seller prior to the Due Diligence Date, to reject: (i) any Initial Loan with a principal balance of greater than $250,000; and (ii) any Initial Loan with a principal balance of less than $250,000 that has been past due three (3) times or more in the twelve (12) months preceding the date of this Agreement.
In the event Purchaser shall determine that the Real Property is not reasonably suitable and satisfactory to Purchaser, Purchaser shall have the right to terminate this Agreement by giving written notice to Seller on or before the Due Diligence Date.