Examples of Permitting Period in a sentence
Unless Purchaser and Escrow Agent receive express written instructions from Seller on or before the expiration of the Permitting Period that it is exercising its right to terminate the Agreement, Seller shall be deemed to have not terminated this Agreement.
If the Seller does not terminate the Agreement prior to the end of the Permitting Period, this condition will be determined to have been satisfied.
During the Permitting Period, Purchaser shall be solely responsible, financially and otherwise, for obtaining such planning, rezoning, or PUD approvals as necessary from the City of Mobile or its subsidiaries, to allow development of its intended use.
Purchaser's obligations under this Agreement are conditioned upon Purchaser being able, during the Permitting Period, (i) to cause the Real Property to be zoned for Purchaser's intended use, and (ii) to obtain plan approval from the applicable governmental authorities for the Real Property.
In the event Company is unable to obtain the required Permits within the Permitting Period, Company shall have the right to terminate this Agreement by giving written notice to Authority not less than ten (10) days after the expiration of the Permitting Period, in which event there shall be no further liability hereunder between the parties, except for liabilities which specifically survive the termination of this Agreement or for liabilities arising prior to the date of such termination.