Due Diligence Expiration Date definition
Examples of Due Diligence Expiration Date in a sentence
Notwithstanding the foregoing, Purchaser shall have the right to approve or disapprove, in its sole and absolute discretion, as Permitted Exceptions any title matters which are first disclosed in writing to Purchaser after the Title Due Diligence Expiration Date.
Any exception shown on the Title Commitment that Seller or the Title Company have not agreed to remove or insure over as of the Title Due Diligence Expiration Date shall be deemed approved by Purchaser and shall constitute a “Permitted Exception” hereunder.
If Buyer, in its sole discretion, determines that it does not desire to acquire all of the Property, with or without reason, and notifies Seller by 12:00 Noon on the last day of the Due Diligence Period (the "Due Diligence Expiration Date") of its election to terminate this Agreement, the Deposit shall be returned to Buyer, this Agreement thereupon shall become void and there shall be no further obligation or liability on any of the parties hereto except as otherwise expressly provided hereinelsewhere.
The closing of the transaction contemplated by this Agreement (the "Closing") shall be held on or before December 12, 1997, but in any event no later than fifteen (15) days next following the Due Diligence Expiration Date, at the offices of Brandywine Realty Trust, Plaza 1000 at Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, Xxx Xxxxxx, commencing at 10:00 a.m., time being of the essence.
In addition thereto, by delivery, within two (2) business days next following the Due Diligence Expiration Date of Buyer's good check in the amount of $10,000.