PROPERTY DUE DILIGENCE CONDITIONS. Except for title matters as set forth in Section 5 hereof, Buyer shall conduct its due diligence and either terminate this Agreement or remove Buyer’s due diligence contingencies and proceed with this Agreement within forty five (45) days after the Effective Date of this Agreement (hereinafter “Buyer’s Due Diligence Period”). Said forty-five (45) day period shall commence on the Effective Date of this Agreement and end at 5:00 p.m. (Los Angeles, California time) on the forty fifth (45th) day thereafter. All of Buyer’s due diligence contingencies are set forth in this Section 6. To facilitate Buyer’s due diligence, subject to Section 6(e) hereof, Seller shall allow Buyer (together with its agents, representatives, employees, and nominees) reasonable access to the Property to (i) perform any inspections, investigations, studies and tests of the Property, including, without limitation, physical, structural, mechanical, architectural, engineering, soils, geotechnical and environmental/asbestos tests that Buyer deems reasonable and/or (ii) cause an environmental assessment of the Property to be performed. Buyers due diligence investigation shall include such items as Buyer, in Buyer’s reasonable discretion deems appropriate. Buyer shall pay for all costs and expenses associated with the due diligence investigation of the Property.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Montgomery Realty Group Inc)
PROPERTY DUE DILIGENCE CONDITIONS. Except for title matters as set forth in Section 5 hereof, Buyer shall conduct its due diligence and either terminate this Agreement or remove Buyer’s 's due diligence contingencies and proceed with this Agreement within forty five (45) days after the Effective Date of this Agreement (hereinafter “"Buyer’s Due Diligence Period”'s due diligence period"). Said forty-forty five (45) day period shall commence on the Effective Date of this Agreement and end at 5:00 p.m. (Los Angeles, California time) on the forty fifth (45th) day thereafter. All of Buyer’s 's due diligence contingencies are set forth in this Section 6. To facilitate Buyer’s 's due diligence, subject to Section 6(e) hereof, Seller shall allow Buyer (together with its agents, representatives, employees, and nominees) reasonable access to the Property to (i) perform any inspections, investigations, studies and tests of the Property, including, without limitation, physical, structural, mechanical, architectural, engineering, soils, geotechnical and environmental/asbestos tests that Buyer deems reasonable and/or (ii) cause an environmental assessment of the Property to be performed. Buyers due diligence investigation shall include such items as Buyer, in Buyer’s 's reasonable discretion deems appropriate. Buyer shall pay for all costs and expenses associated with the due diligence investigation of the PropertyProperty .
Appears in 1 contract
Sources: Purchase and Sale Agreement (Montgomery Realty Group Inc)