Condition of Project Sample Clauses

Condition of Project. (i) Except as set forth herein, Purchaser represents that it is a knowledgeable, experienced and sophisticated buyer of real estate in general and full-service hotels in particular, and that Purchaser is relying solely on its own expertise and that of Purchaser’s consultants in purchasing the Project. Except as set forth herein, Purchaser is, or as of the Due Diligence Deadline will be, familiar with the Project. Purchaser is relying solely upon, and as of Due Diligence Deadline will have conducted its own, independent inspection, investigation and analysis of the Project as it deems necessary or appropriate in so acquiring the Project from Seller, including, without limitation, an analysis of any and all matters concerning the condition of the Project and its suitability for Purchaser’s intended purposes, and a review of all applicable laws, ordinances, rules and governmental regulations (including, but not limited to, those relative to building, zoning and land use) affecting the development, use, occupancy or enjoyment of the Project. Except as set forth herein, Purchaser shall assume the risk that adverse matters, including, but not limited to, adverse physical and environmental conditions, may not be revealed by Purchaser’s inspections and investigations. Except as set forth herein, Purchaser acknowledges and agrees that Seller shall sell and convey to Purchaser and Purchaser shall accept the Project “as is, where is,” with all faults. Seller is not liable or bound in any manner by any oral or written statements, representations, or information pertaining to the Project furnished by any real estate broker, agent, employee, servant or other person, unless the same are expressly set forth herein. Except as set forth herein, Purchaser acknowledges that the Purchase Price reflects the “as is” nature of this sale and any faults, liabilities, defects or other adverse matters that may be associated with the Project. Purchaser has fully reviewed the disclaimers and waivers set forth in this Agreement with its counsel and understands the significance and effect thereof. Purchaser acknowledges and agrees that Seller’s disclaimers as set forth herein are an integral part of this Agreement and that Seller would not have agreed to sell the Project to Purchaser for the Purchase Price without Purchaser’s acknowledgment of Seller’s disclaimer and other matters set forth in this Agreement. (ii) Without limiting the generality of the above, and anything contained herei...

Condition of Project. (a) Upon service of a Termination Notice or three (3) years prior to the expiry of the Concession Period, the Project Company and the Responsible Government Authorities shall form a Decommissioning Committee, which shall be responsible for conducting a survey of the Project to ascertain the condition thereof, prepare an inventory of the Project’s Immovable Assets and Movable Assets and verify compliance by the Project Company under this Agreement. (b) In the event the Decommissioning Committee becomes aware that any part of the Project has not been operated and maintained in accordance with this Agreement, Authorizations, Government directives or Lao PDR Laws (normal wear and tear excepted), the committee shall direct the Project Company, at its own cost and expense, to take all necessary steps to put the same in good working condition, in accordance with an implementation schedule, to ensure the Project is handed over in good condition on the Transfer Date. (c) Notwithstanding anything else contained in this Section, six (6) months prior to the expiry of the Concession Period, the Project Company shall send notice to MONRE to request inspection and evaluation of performance of the Project Company’s environmental and social obligations under this Agreement. MONRE shall direct the Project Company shall take all steps necessary to ensure restoration and rehabilitation of the Concession Area (as applicable), in compliance with this Agreement and the procedures and obligations contained in Annex IV (Standard Environmental and Social Obligations). Upon completion of such restoration measures to the satisfaction of MONRE, MONRE shall issue the Project Company with a letter certifying that the Project Company is discharged from any environmental and social liabilities related to the Project.

Condition of Project. Tenant has accepted possession of the Project pursuant to the Lease. Any improvements required or authorized by the terms of the Lease to be made by Tenant or Landlord have been completed to the full and complete satisfaction of Tenant in all respects, and Landlord has fulfilled all of its duties under the Lease with respect to such initial tenant improvements. Furthermore, Tenant acknowledges that the Project are suitable for the Permitted Use.

Condition of Project. No defect or condition of the Land or the soil or geology thereof exists which will impair the construction, use, or the operation of the Project for its in tended purpose.

Condition of Project. None of the Projects are now damaged nor injured as a result of any fire, explosion, accident, flood or other casualty, where the risk of loss is not otherwise covered by insurance or exceeds $50,000 at such Project, subject to reasonable deductibles and not otherwise repaired.

Condition of Project. REPAIRS AND MAINTENANCE: USES ---------------------------------------------------

Condition of Project. Except as disclosed in the engineering reports listed on Schedule 3.1(g) or in any engineering reports obtained by the Partnership or any potential lender of the Refinancing Debt, the Transferors have not received any unsatisfied requirements for repairs, restorations or improvements with respect to the Project pursuant to the Existing Financing Documents, from any insurer of the Project (or any part thereof), from any tenant under a Tenant Lease or from any Governmental Authority, the failure of which to satisfy could reasonably be expected to have a Project Material Adverse Effect.

Condition of Project. Without in any way releasing the Manager from its responsibility to maintain the Project in good repair pursuant to Section 4, the University acknowledges that the Manager is not a property inspector or engineer and is not qualified to inspect or make representations as to the physical or environmental condition of the Project. Accordingly, the University agrees that the Manager, in fulfilling its obligation under this Agreement to maintain the Project in good repair may, as a Project expense, from time to time as it deems necessary, obtain from a third-party inspector a property condition report relative to the Project, and in fulfilling its obligation under this Agreement to maintain the Project in good repair or advising the University regarding the physical or environmental condition of the Property, the Manager may rely upon such property condition report(s) for all matters relative to the physical or environmental condition of the Project.

Condition of Project. Landlord is leasing the Project to Tenant “as is”, without any obligation to alter, remodel, improve, repair or decorate any part of the Project, except as expressly set forth in this Lease. Landlord expressly disclaims any warranty or representation, express or implied, with respect to the Project or any portion thereof, including, without limitation, any warranty or representation as to fitness, condition, the existence of any defect, patent or latent, merchantability, quality or durability, except as expressly set forth in this Lease.