Governmental Approval Contingency Clause Samples

Governmental Approval Contingency. All parties acknowledge and agree that while the due diligence period is 60 days for physical due diligence, that amount of time is inadequate to obtain land use approvals for the Buyer’s proposed industrial/commercial use. Therefore, for a period of 120-days after the execution of the contract, to run with concurrent with the 60 day due diligence period, this sale is also contingent upon the Buyer obtaining final non-appealable approvals from all appropriate governmental authorities for industrial and/or commercial use. These approvals include but are not limited to the Millville Zoning/Planning Board for any and all prospective site plans and use variances.
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Governmental Approval Contingency. Lessee’s right to use the Leased Premises is expressly made contingent upon it obtaining all the certificates, permits, zoning and other approvals that may be required by any federal, state or local authority.
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Governmental Approval Contingency 
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Related to Governmental Approval Contingency

  • Governmental Approval Any Governmental Approval shall have been revoked, rescinded, suspended, modified in an adverse manner or not renewed for a full term, and such revocation, rescission, suspension, modification or non-renewal has, or could reasonably be expected to have, a Material Adverse Effect.

  • Governmental Approvals Any Governmental Approval shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction.

  • Other Governmental Approvals Developer may apply for such other permits and approvals as may be required for development of the Project in accordance with this Agreement from other governmental or quasi-governmental agencies having jurisdiction over the Property. The City shall reasonably cooperate with Developer in its endeavors to obtain such permits and approvals.