PRELIMINARY INSPECTION REPORT Sample Clauses

PRELIMINARY INSPECTION REPORT. For purposes of this Agreement, the Preliminary Inspection Report shall mean Buyer's written report to Seller setting forth and including the following: 7.2.1 A copy of the Title Commitment from the Title Company with all endorsements reasonably required by Buyer and agreed to by the Title Company. The Title Commitment shall be marked and/or accompanied with a statement setting forth the Permitted Exceptions, the exceptions to title that are not acceptable to Buyer, the additional requirements to be satisfied for the issuance of the Title Policy in accordance with the Title Commitment or any additional reasonable requirements of Buyer with respect to title, the Title Policy, the Deed or any other documents of conveyance of the Property. 7.2.2 A copy of the Survey with a statement by Buyer of such items, including any certificate deficiencies that are reasonably unacceptable to Buyer and require additional action or impose additional requirements on Seller. 7.2.3 An analysis of the operational and physical condition of the Property with a statement of any items that are reasonably unacceptable to Buyer and require additional action or impose additional requirements on Seller. Buyer acknowledges and agrees that it has previously advised Seller of deficiencies related to the current state of the HVAC equipment located on the roof, the condition of the roof, the condition of the common areas and elevators, the current condition of Suites 107 and Suite 210 and that this Agreement reflects adjustments to the Acquisition Price, the Holdback, disposition of the Mortgage Escrows to the benefit of Buyer for repairs and replacements and the renewal or modification of certain leases as set forth in 4.1.15 to resolve such matters. Buyer further acknowledges and agrees that the foregoing matters shall not be raised by Buyer in the Preliminary Inspection Report as matters requiring further action of Buyer, except as otherwise set forth in this Agreement. Buyer further acknowledges and agrees that it has no present knowledge of any other matters relating to the operational of physical condition of the Property requiring additional action or which may impose additional requirements of Seller, other than as set forth in this Agreement. 7.2.4 Such other matters (except for the matters set forth in SECTION 7.2.3) that have been made known to Buyer during the Inspection Period that Buyer reasonably determines require additional action or impose additional requirements on Selle...
View SourceView Similar (2)
PRELIMINARY INSPECTION REPORT. 16 SECTION 7.3 SELLER'S PRELIMINARY INSPECTION REPORT REPLY.............................17 SECTION 7.4
View Source
PRELIMINARY INSPECTION REPORT. 13 7.3 Seller's Preliminary Inspection Report Reply......................14 7.4
View Source

Related to PRELIMINARY INSPECTION REPORT

  • Inspection Reports A "full inspection report" comprises a Site Master File (compiled by the manufacturer or by the inspectorate) and a narrative report by the inspectorate. A "detailed report" responds to specific queries about a firm by the other Party.

  • Project Completion Report At the completion of construction and once a Project is placed in service, the Subrecipient must submit a Project Completion Report that includes the total number of units built and leased, affordable units built and leased, DR-MHP units built and leased, an accomplishment narrative, and the tenants names, demographics and income for each DR-MHP unit.

  • Construction Reports Each Constructing Entity shall issue reports to each other Construction Party on a monthly basis, and at such other times as reasonably requested, regarding the status of the construction and installation of the Interconnection Facilities. Each Construction Party shall promptly identify, and shall notify each other Construction Party of, any event that the Construction Party reasonably expects may delay completion, or may significantly increase the cost, of the Interconnection Facilities. Should a Construction Party report such an event, Transmission Provider shall, within fifteen days of such notification, convene a technical meeting of the Construction Parties to evaluate schedule alternatives.

  • Evaluation Report The state must provide a narrative summary of the evaluation design, status (including evaluation activities and findings to date), and plans for evaluation activities during the extension period. The narrative is to include, but not be limited to, describing the hypotheses being tested and any results available.

  • Inspection Checklist (Check one)