Common use of Project Permitting Clause in Contracts

Project Permitting. (a) The Buyer shall be solely responsible for applying for and obtaining any and all governmental permits and approvals required by Applicable Laws for the construction of Buyer’s Project (the “Approvals”), prior to the Time of Closing (as such term is defined herein). Upon the expiration of the Due Diligence Period, Seller shall reasonably cooperate with Buyer in connection with ▇▇▇▇▇’s application for Approvals, including executing any documents necessary therefor, but in no event shall Seller incur any liability in connection therewith. (b) Buyer shall use diligent and good faith efforts to obtain the Approvals for the construction of Buyer’s Project by the Time of Closing. In no event will Buyer be deemed to have used diligent efforts to obtain the Approvals unless the Buyer submits completed applications for the Approvals in the timeframes provided in the schedule attached hereto as Exhibit F.