Chapter 6 - FORM 6J • APPROVALS CONDITION

• Jurisdiction: Colorado

FORM 6J • APPROVALS CONDITION

Approvals Condition. "Approvals Condition" shall mean Buyer's receipt of final nonappealable approvals of every kind and sort, including without limitation a building permit, from the Federal, State, Municipal and Quasi-Municipal boards, Commissions and Agencies with applicable jurisdiction (1) regarding environmental issues, for a "closure", "no further action" or similar letter, and (2) allowing for the construction and operation of [project description] (the "Permits and Approvals") on the Property. Buyer shall have a period of __________ days following the expiration of the Inspection Period to obtain the Permits and Approvals (as the same may be extended pursuant to the terms hereof (the "Permitting Period"). In the event Buyer has used commercially reasonable efforts to obtain the approvals, but has not obtained the same during the time period noted above, Buyer may extend the time period by up to two (2) thirty (30) day extensions by...