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Agenda - Economic Development Authority - 04/11/2019
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Agenda - Economic Development Authority - 04/11/2019
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3/17/2025 2:21:21 PM
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4/15/2019 3:50:47 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
04/11/2019
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<br />e, terminate this Agreement by written notice to Buyer in <br />which case this Agreement is terminated and Escrow Agent must disburse any <br />to Seller within the three (3) <br />ddress them in <br />to resolve are deemed Permitted Exceptions, and the parties shall proceed to <br /> <br />Title Notice. <br /> <br /> <br />7.RIGHT OF ENTRY. <br /> At all times after Buyer has deposited the Earnest Money with <br />Seller and before the Closing, Buyer (and its employees, agents, and contractors) may <br />enter the Property for the purpose of conducting soil tests, environmental tests and <br />additional survey work, subject to the following conditions: <br /> <br /> <br />a.Within one week after the termination of this Agreement, if either Seller or Buyer <br />terminate this Agreement in accordance with the provisions hereof prior to <br />Closing, Buyer must repair and or restore any damage Buyer or its employees, <br />agents or contractors cause to the Property and remove any personal property, <br />refuse or debris Buyer or its employees, agents or contractors brought onto or <br />authorized third parties to bring onto the Property. <br /> <br /> <br />b.Buyer must defend and indemnify Seller from and against and hold Seller <br />resulting from or relating to any loss of or damage to any property or business or <br />out of any injury to or death of any person, if the loss, damage, injury, or death <br />arises or is alleged to arise either directly or indirectly and either wholly or in part <br />from: (a) any action or omission of Buyer or its employees, agents, or contractors, <br />while on the Property pursuant to this Section; or (b) actions or omissions of <br />release of any Hazardous Substance onto the Property or onto other property. <br /> <br /> <br />c.Buyer must comply with and shall cause it employees, agents, and contractors to <br />comply with all applicable laws, while on the Property. <br /> <br /> <br />d.Other than a standard Phase 1 environmental assessment, Buyer may not <br />commence any environmental testing on the Property until Buyer submits a work <br />plan for such testing to Seller and Seller approves the work plan, in writing. <br />work plan. <br /> <br /> <br />e.Buyer must, promptly and without demand from Seller,provide Seller with true <br />and complete <br />and environmental investigations and testing of the Property including, without <br />311 <br />Page of <br /> <br /> <br />
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