Agenda - Economic Development Authority - 04/11/2019

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b. Section 9(b), all of the Earnest Money becomes non-refundable (except in accordance with Section 22 as a result of a default by Seller). c.If Buyer does not provide a Notice to Proceed to Seller in accordance with Section 9(b), this Agreement automatically terminates and Escrow Agent must disburse all Earnest Money Escrow Agent holds to Buyer. d.At Closing, Escrow Agent shall disburse to Seller any Earnest Money not previously disbursed to Seller, and Buyer shall receive a credit against the Purchase Price owing at Closing in an amount equal to the amount of the Earnest Money. 5.SURVEY. A, items 1- to Buyer within thirty (30) days after the Effective Date. Buyer may arrange with the 6.TITLE COMMITMENT. a.Seller makes no representations or warranties with respect to the status of title to the Property. Within thirty (30) business days after the Effective Date, Seller an to copies of all recorded documents referenced in the Title Commitment to Buyer. b.Buyer shall have until the date thirty (30) days after the receipt of the Title Title/Survey Title/Survey and to give Seller written notice of (i) any defects in the marketability of Seller title to the Prop to the Property that are objectionable to Buyer, and (ii) the specific actions Buyer Title Objection Notice Permitted Exception Objection Notice from Buyer, Seller will notify Buyer, in writing, of the actions, if any, that Seller is willing to take with respect to each of the matters identified in the Title Objection Notice and the time frame in which Seller will take those that Seller before the closing date established pursuant to Section 10, the parties shall Notice i to the Property marketable on or before the closing date established in Section 10, 211 Page of