Second Due Diligence Period definition

Second Due Diligence Period means the period beginning upon the date that Seller delivers to Buyer a certificate of substantial completion from Seller’s architect for the Property (“Substantially Complete”) in accordance with the Lease and an as-built survey and expiring at 11:59 PM EST on the date that is Thirty (30) days after Seller’s delivery of such certificate of substantial completion and an as-built survey with respect to (i) all matters set forth in Section 6(a) relating to title that require an as-built survey and (ii) all items set forth in Section 6(b)(ii). Both Due Diligence Periods also sometimes referred to herein as “Due Diligence Period” or “Due Diligence Periods” as proper reading requires. Seller shall deliver to Buyer all of the Due Diligence Materials (i) within Five (5) business days after the Effective Date with respect to Section 6(a) and 6(b)(i)or (ii) within Five (5) business days after such time as such materials become available to Seller with respect to Section 6(b)(ii). If Seller is in default hereunder and Buyer has notified Seller of such default prior to the expiration of the relevant and applicable Due Diligence Period, the relevant and applicable Due Diligence Period will be extended until the earlier to occur of the following: (a) Seller has cured such default to the reasonable satisfaction of Buyer and if such default relates to the failure to deliver any item required to be delivered by Seller under Section 6(b)(ii) hereunder, an additional ten (10) days, (b) Buyer terminates this Agreement in accordance with the terms hereof, or (c) the date mutually agreed to by Buyer and Seller.
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Second Due Diligence Period. For purposes of this Agreement, any references to the defined term “Due Diligence Period” shall mean the conducting of any examination, inspection and investigation of either (i) the First Closing Properties during the First Due Diligence Period, or (ii) the Second Closing Properties during the Second Due Diligence Period, as the case may be.”
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Second Due Diligence Period means the period beginning upon the date that Seller delivers to Buyer a certificate of substantial completion from Seller’s architect for the Property (“Substantially Complete”) in accordance with the Lease and an as-built survey are delivered to Buyer and extending until 11:59 PM EST on the end of the date that is fifteen (15) days thereafter with respect to (i) all matters set forth in Section 6(a) relating to title that require an as-built survey and (ii) all items set forth in Section 6(b)(ii). Both Due Diligence Periods also sometimes referred to herein as “Due Diligence Period” or “Due Diligence Periods” as proper reading requires. Seller shall deliver to Buyer all of the Due Diligence Materials (i) within Five (5) business days after the Effective Date with respect to Section 6(a) and 6(b)(i); and (ii) within Five (5) business days after such time as such materials become available to Seller with respect to Section 6(b)(ii).
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Examples of Second Due Diligence Period in a sentence

  • The Parties may extend the Due Diligence Period beyond the Second Due Diligence Period upon terms and conditions mutually- agreeable and approved by the Township Council.

  • In the event of a termination pursuant to this Section 10.8, Redeveloper shall be entitled to return of the Initial Payment, if such termination occurs within the Initial Due Diligence Period, after which the Initial Payment shall be non-refundable under this Section, and return of the Second Payment, if such termination occurs within the Second Due Diligence Period, provided for under Section 3.3 herein.

  • Upon Redeveloper’s exercise of the right to extend into the Second Due Diligence Period, the Initial Payment shall become non- fundable.

  • The closing date for Buyer's purchase of the Property shall be fifteen (15) days after the end of the First Contingency Period as herein defined, subject to the Second Due Diligence Period.

  • The consummation of the transaction contemplated hereunder ("Closing") shall occur on (i) the 30th day following the expiration of the Second Due Diligence Period or (ii) another date mutually agreed to in writing by the parties (the "Closing Date").

  • By its execution of this Agreement Seller grants to Purchaser a license (irrevocable during the Second Due Diligence Period), for the use of Purchaser and its agents and contractors, to conduct Due Diligence Activities on the Parcels at any time upon one (1) day’s prior notice to Seller.

  • During the Second Due Diligence Period, Buyer shall be permitted to speak and meet with Tenant in connection with Buyer's due diligence.

  • It is apparent, and confirmed by other evidence of work actually carried out by Knowledge Energy in preparation to remove the assets, that technical work, and therefore time, would be required to dismantle these assets so that they were in a condition to be removed from the lands without causing potentially hazardous conditions or contamination.

  • Buyer shall have the unconditional right, for any reason or no reason, to terminate this Agreement by giving written notice thereof to Seller and the Escrow Agent prior to the expiration of the Second Due Diligence Period, in which event this Agreement shall become null and void, Buyer shall receive a refund of the Xxxxxxx Money, and all rights, liabilities and obligations of the parties under this Agreement shall expire, except as otherwise expressly set forth herein.

  • The closing date on the Buyer's purchase of the Properties shall take place fifteen (15) days after the end of the First Contingency Period as herein defined, subject to the Second Due Diligence Period.

Related to Second Due Diligence Period

  • Due Diligence Period has the meaning set forth in Section 4.1.

  • On-going Due Diligence means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Due Diligence Fee means a payment of an annual fee equal to $800 due upon the date of this Agreement and $500 due upon each anniversary thereof so long as any Advance is outstanding or available hereunder.

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • Second Closing Date means the date of the Second Closing.

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • Customer Due Diligence (CDD) means a process which involves establishing the identity of a client, the identity of the client’s beneficial owners in respect of legal persons and monitoring all transactions of the client against the client’s profile;

  • Due Diligence Materials means the information to be provided by Seller to Purchaser pursuant to the provisions of Section 4.1 hereof.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Wind-Down Period has the meaning set forth in Section 10.6(c).

  • Due Diligence means examinations, inspections, investigations, tests, studies, analyses, appraisals, evaluations and/or investigations with respect to the Property, the Documents, and other information and documents regarding the Property, including, without limitation, examination and review of title matters, applicable land use and zoning Laws and other Laws applicable to the Property, the physical condition of the Property, and the economic status of the Property.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Due Diligence Request means the due diligence request letter from Xxxxxxx and Xxxxxx LLP, counsel to the Purchaser, dated March 6, 2024.

  • Second Closing has the meaning set forth in Section 2.2.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Experience period means the most recent period of time for which experience is reported, but not for a period longer than three (3) full years. (7-1-93)

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Cure Deadline shall have the meaning provided in Section 11.11(a).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Buyer Representatives means the Buyer's accountants, counsel, environmental consultants, financial advisors and other authorized representatives.

  • Waiver Period means, for each applicable fee, the period of time from the initial effective date of the MIAX PEARL Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior to the termination of the Waiver Period and effective date of any such applicable fee.

  • Outside Completion Date shall have the meaning assigned to such term in Section 6.3(d).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.