Laserfiche WebLink
11.9 FIRPTA. Seller is not a "foreign person," "foreign partnership," "foreign trust," or <br />"foreign estate," as those terms are defined in Code Section 1445 and the <br />regulations promulgated thereunder. <br />11.10 No Proceedings. No legal or administrative proceeding is pending or, to Seller's <br />actual knowledge, threatened (i) against Seller or any of its affiliates which would <br />adversely affect its right to convey the Property to Buyer as contemplated in this <br />Agreement, or (ii) affecting the Property. There are no condemnation or eminent <br />domain proceedings pending or, to Seller's knowledge, threatened with respect to <br />the Property. <br />11.11 Additional Interests. There are no property interests or other improvements that are <br />owned by Seller and which are necessary or useful for the use and operation of the <br />Property that are not being conveyed pursuant to this Agreement. <br />11.12 Private Sewage Systems: Wells. There are no private sewage systems or wells <br />located on the Property. <br />11.13 Use of Property. To the best of Seller's knowledge, no methamphetamine <br />production has occurred on the Property. <br />11.14 Unnaid Labor and Materials. Neither Seller nor any other party is indebted for labor <br />or material that might give rise to the filing of notice of mechanic's lien against any <br />portion of the Property. <br />11.15 No Broker. Seller has not engaged the services of any broker in connection with <br />the sale and purchase contemplated by this Agreement except CBRE, to whom <br />Seller will pay all real estate commissions due and owning no later than the Closing <br />Date. <br />11.16 Property Notice / No Redemption Rights. There exist no outstanding redemption <br />rights in any third parties with respect to all or any portion of the Property and the <br />Seller has given all proper notices and obtained all requisite approvals necessary to <br />sell and convey the Property to the Buyer pursuant to the terms of this Agreement. <br />Seller will indemnify the Indemnified Parties, against, and will hold each of the <br />Indemnified Parties harmless from, any expenses or damages, including reasonable <br />attorneys' fees, that the Indemnified Parties incur because of the breach of any of the above <br />representations and warranties. Each of the foregoing representations and warranties shall <br />be deemed remade as of the Closing Date with respect to the Property. <br />12. Representations and Warranties of Buyer. Buyer represents and warrants to Seller as of the <br />Effective Date and the Closing Date as follows: <br />12.1 Buyer is duly organized or incorporated under the laws of the State of its formation <br />and has received all requisite authority to transact business in the State in which the <br />Property is located. <br />US.106153450.02 DRAFT <br />