Right to Enter and Inspect. From time to time prior to the Closing, Buyer may, if accompanied by one or more representatives or agents of Seller (unless Seller directs or permits otherwise), enter the Owned Real Property and other property of Colonial with Buyer's representatives, contractors and agents to examine the Owned Real Property and the Acquired Assets, conduct soil tests, environmental studies, engineering feasibility studies, and other tests and studies and otherwise to evaluate, inspect and examine the Owned Real Property and the Colonial Business and affairs of Colonial. Seller will make available to Buyer, at Buyer's request and expense for copying by Buyer at any reasonable time after the Closing Date, any and all books and records of Seller relating, directly or indirectly, to the Colonial Business, the Acquired Assets and the Owned Real Property which are reasonably necessary with respect to Buyer's ongoing operations for inspection. Nothing herein will be construed as imposing upon Buyer any obligation or liability for the fact of its discovery or required disclosure of any defect or problem with any of the Acquired Assets or Owned Real Property.
Appears in 2 contracts
Sources: Master Transaction Agreement (Meritage Homes CORP), Master Transaction Agreement (Meritage Homes CORP)