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9. INSPECTION PERIOD.
<br />a. Except as otherwise provided in Section 6, Buyer shall have from the date that
<br />Buyer deposits the Earnest Money with Escrow Agent to
<br />201 (the "Inspection Period") to investigate the Property and determine, in
<br />Buyer's sole judgment, whether (i) the condition of the Property is suitable to
<br />Buyer's intended use; and (ii) Buyer will be able to obtain all governmental
<br />approvals and utilities necessary for Buyer's intended use of the Property. Buyer
<br />acknowledges and agrees that Seller has not made any covenants, representations
<br />or warranties regarding Buyer's ability to obtain governmental approvals from the
<br />City of Ramsey or any other governmental entity. The City of Ramsey will
<br />review, consider and act on any applications Buyer submits to the City for
<br />governmental approvals in accordance with City Code.
<br />b. Buyer may, at any time on or before 5:00 p.m. on the last day of the Inspection
<br />Period, terminate the Agreement by written notice to Seller based on Buyer's
<br />determination, in Buyer's sole and absolute discretion, that the condition of the
<br />Property is not suitable for Buyer's intended use or that Buyer may not be able to
<br />obtain all governmental approvals and utilities necessary for Buyer's intended use
<br />of the Property. In addition, this Agreement automatically terminates at 5:00 p.m.
<br />on the last day of the Inspection Period unless, prior to that time Buyer delivers a
<br />written notice of Buyer's intention to proceed (a "Notice to Proceed") to Seller.
<br />c. If, pursuant to Section 9(b) either Buyer terminates this Agreement or this
<br />Agreement is automatically terminated, the Escrow Agent must disburse to Buyer
<br />any Earnest Money Escrow Agent holds, other than Earnest Money Escrow Agent
<br />is obligated to disburse to Seller pursuant to Sections 4(b) and (c).
<br />10. DEFINITIONS. As used in this Agreement:
<br />"Claim" or "Claims" means any and all liabilities, suits, claims, counterclaims, causes of
<br />action, demands, penalties, debts, obligations, promises, acts, fines, judgments, damages,
<br />consequential damages, losses, costs, and expenses of every kind (including without
<br />limitation any attorney's fees, consultant's fees, costs, remedial action costs, cleanup
<br />costs and expenses which may be related to any claims).
<br />"Environmental Law" means the Comprehensive Environmental Response,
<br />Compensation and Liability Act ("CERCLA"), 42 U.S.C. § 9601 et seq., the Resource
<br />Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the Federal Water Pollution
<br />Control Act (the Clean Water Act), 33 U.S.C. § 1251 et seq. the Clean Air Act, 42
<br />U.S.C. § 7401 et seq., and the Toxic Substances Control Act, 15 U.S.C. § 2601 et seq., all
<br />as amended from time to time, and any other federal, state, local or other governmental
<br />statute, regulation, rule, law or ordinance dealing with the protection of human health,
<br />safety, natural resources or the environment now existing or hereafter enacted.
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