Feasibility Notice definition

Feasibility Notice means a written notice from Buyer to Seller delivered pursuant to Section 6.1 approving or waiving approval of the Feasibility Matters or, alternatively, disapproving the Feasibility Matters.
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Feasibility Notice shall have the meaning given such term in Section 2.9.
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Feasibility Notice has the meaning ascribed thereto in subsection 3(c)(i) of this Schedule B.
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Examples of Feasibility Notice in a sentence

  • During the Feasibility Period, Buyer shall have the right to deliver to Seller and Escrow Holder the Feasibility Notice.

  • In the event that Buyer delivers a Feasibility Notice prior to the expiration of the Inspection Period, Buyer shall be deemed to have waived its right to terminate under this Section 5(d) and the entire Deposit shall be non-refundable to Buyer except as otherwise set forth in this Agreement.

  • Failure by Buyer to give the Feasibility Notice by the Feasibility Date shall be deemed Buyer’s approval of the Feasibility Matters and shall be deemed to be a waiver of Buyer’s right to terminate the Escrow pursuant to this provision.

  • After delivery of the Feasibility Notice, Buyer shall, at its sole cost and expense, attempt in good faith and in a diligent manner to obtain Approval of the Governmental Approvals.

  • If the Feasibility Notice is not timely given or if Termination Notice is given, Purchaser or Seller, or both, shall so notify the Escrow Agent, the Escrow Agent shall promptly return the Deposit to Purchaser, and, except as otherwise provided in this Section, no party shall have any further liability to any other party under this Agreement.

  • If Buyer delivers a Feasibility Notice with respect to the Property prior to expiration of the Feasibility Period, this Agreement shall continue in effect in accordance with its terms.

  • If Buyer fails to deliver a Feasibility Notice for the Property or if Buyer delivers a Non-Feasibility Notice for the Property this Agreement shall automatically terminate in accordance with the provisions of Paragraph 7.3 hereof.

  • Purchaser shall have the absolute right, in its sole and absolute discretion, to determine whether to give the Termination Notice or the Feasibility Notice.

  • If Smart fails to give SmartStop Smart’s Feasibility Notice by such time, then this Agreement shall terminate automatically at such time and, upon such termination, SmartStop and Smart shall be released from all obligations under this Agreement (except for those obligations which are expressly stated to survive the termination of this Agreement) and the Deposit then being held and all interest accrued thereon shall be dealt with in accordance with Section 5.2.

  • If within the Feasibility Period, Buyer determines in its sole and absolute discretion, that it is either feasible or not feasible for Buyer to purchase the Property, Buyer shall notify Seller and Escrow Holder in writing (the "Feasibility Notice" or "Non-Feasibility Notice").