2025-009 Ordinance - Laserfiche WebLink

Home Browse Search

ENVIRONMENTAL CONDITION T11FREOF) AND RELY UPON SAME AND. (C) UPON CLOSING, SIIALI, ASSUMl?'1'111? RISKT] IAT ADVE,RSH MATTERS. INCLUDING, 13U'f NOT LIMI'T'ED '1'O, THE DISCLAIMED MA171:11S. MAY NOT HAVE BEEN RFVEAI,ED 13Y PURCIIASER'S INSPECTIONS AND INVESTIGATIONS. SUBJECT 'fO 'fill;, EXPRESS REPRESENTATIONS, SEI,I.I:R SHALL SELL AND CONVEY TO PURCI IASER, AND PURCI MSER SI IALL ACCEPT. I1 IE PROPERTY "AS IS", "WHERE IS", AND WITH ALL FAULTS. AND, OTHER THAN THE EXPRESS REPRESYNI'ATIONS, " HE'RI: ARE NO ORAL AGRFEMENTS, WARRANTIES OR REPRESENTATIONS. COLLAITRAL TO OR AFFECTING THE PROPERTY 13Y SELLER OR ANY THIRD PARTY. TIM TERMS AND CONDITIONS OF THIS SECTIONSHALL EXPRESSLY SURVIVE TI IE CONSUMMATION OF TI Ili PURCI IASI; AND SALE OF TI Ili PROPERTY ON'1'1IE CLOSING DA'1'1?,'I'I lli DIiI,IV1iRY OI''1'I IE Dlilil)ANI) TI 11; PAYMENTOF T'I lli PURCI [ASE PRICE, WIT'I IOUT REGARD TO ANY LI M ITAT'IONS UPON SURVIVAL SFT FORT II IN TI IIS AGREEMENT. 8. INSPECTION OF PROPERTY 8.1 Purchaser's Insoeclion. (a) During the ten (10) day period following the Effective Date (tile "Inspection Period"). Purchaser shall have the right, at Purchaser's sole cost and expense. to inspect the Property and to ascertain the condition of title and the physical and environmental condition of the Property, which may include a Survey, soil borings or other tests, appraisals, engineering reports, environmental studies and zoning inspections ("Inspections"). Purchaser agrees that it shall treat all inRtmwtion and written materials obtained or generated in connection with the performance of all inspections, tests and environmental studies conducted of the Properly (the -Reports") as confidential materials and shall not disclose any portion thereof except to the extent required by law (and if so required, Purchaser shall simultaneously provide to Seller a copy of any disclosed information), and only to Purchaser's attorneys. mortgage lender(s), olficen, members and environmental consultants, and otherwise as permitted by the written consent ofSeller. Purchaser shall give Seller twenty -bur (24) hour notice prior to pertbmting any such tests. Any tests shall be conducted in a manner so as not to damage the Property or disrupt or disturb Seller's business as conducted on the Property. (b) In the event Purchaser determines the Properly is not suitable for Purchaser's intended use thereof Purchaser may, by written notice to Seller not later than 5:00 p.m. on the expiration date of the Inspcclion Period, terminate this Agreement, Whereupon the Earnest Money shall lrc returned to Purchaser and the panics shall be released from any Walter obligations hereunder each to the other, except that Purchaser shall promptly provide Seller with copies of the Reports. Purchaser shall pay all the expenses of the Escrow Agent and the'I itle Company. in the event that Purchaser fails to deliver to Seller such termination notice prior to the expiration of the Inspection Period, Purchaser shall be deemed to have waived its right to