Examples of Due Diligence Termination Date in a sentence
Within 5 Business Days after the Due Diligence Termination Date (as may be extended), Buyer shall deposit into Escrow the balance of the Option Price over and above the Initial Deposit (the “Second Deposit”), an amount of $3,290,000.
The physical condition of the Property (including the environmental condition of the Property and changes due to condemnation or casualty events) shall be substantially the same on the Closing Date as on the Due Diligence Termination Date (as may be extended), except for reasonable wear and tear and any damage due solely to any act of Buyer or Buyer’s representatives, agents, employees, engineers, or professionals.
These Terms and Conditions are subject to such modifications, changes, and additions as may be required, or deemed to be required by ACHD, by reason of any applicable Rule or Regulation.
In the event that documentation evidencing the satisfaction or waiver of the conditions set forth in Section 1.3(b) above is not delivered to Escrow Agent on or before the Due Diligence Expiration Date, the City shall have the right to terminate this Agreement by written notice to the Redeveloper on or before the Due Diligence Termination Date.
In the event Buyer fails to deliver written notice on or before the Due Diligence Termination Date, this Agreement and the Escrow shall automatically be deemed terminated.