Common use of Entry onto Property Clause in Contracts

Entry onto Property. During the Due Diligence Period, Seller grants to Buyer and Buyer's agents and consultants a license to enter upon the Property for the purpose of conducting, at Buyer’s sole expense, Buyer's review of the Property. Seller shall reasonably cooperate with Buyer in the inspection of the Property; provided however that Seller shall not be required to incur any expenses with regard to Buyer’s inspection. Buyer shall indemnify, defend, and holder Seller harmless for any expenses or claims resulting from Buyer’s entry onto the Property. Buyer shall not engage in any testing which will damage the Property in any way without further written consent from Seller. If Buyer disapproves the condition of the Property or the feasibility of Buyer's intended project thereon, Buyer may terminate this instrument prior to the expiration of the Due Diligence Period by written notice to Seller and Escrow Agent. Upon such termination, the Deposit and all interest accrued from Escrow Agent’s interest bearing account, if any, shall be promptly delivered to Buyer. If Buyer does not terminate this instrument prior to the expiration of the Due Diligence Period, Buyer shall be deemed to have approved the condition of the Property for all purposes and shall be deemed to have waived the right to terminate this instrument pursuant to this section.

Entry onto Property. During the Due Diligence Period, Seller the City grants to Buyer and Buyer's agents and consultants a license to enter upon the Property for the purpose of conducting, at Buyer’s sole expense, Buyer's review of the Property. Seller the City shall reasonably cooperate with Buyer in the inspection of the Property; provided however that Seller the City shall not be required to incur any expenses with regard to Buyer’s inspection. Buyer shall indemnify, defend, and holder Seller the City harmless for any expenses or claims resulting from Buyer’s entry onto the Property. Buyer shall not engage in any testing which will damage the Property in any way without further written consent from Sellerthe City. If Buyer disapproves the condition of the Property or the feasibility of Buyer's intended project thereon, Buyer may terminate this instrument prior to the expiration of the Due Diligence Period by written notice to Seller the City and Escrow Agent. Upon such termination, the Deposit and all interest accrued from Escrow Agent’s interest bearing account, if any, shall be promptly delivered to Buyer. If Buyer does not terminate this instrument prior to the expiration of the Due Diligence Period, Buyer shall be deemed to have approved the condition of the Property for all purposes and shall be deemed to have waived the right to terminate this instrument pursuant to this section.