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<br />and agrees that Seller has not made any covenants, representations or warranties
<br />Ramsey or any other governmental entity. The City of Ramsey will review,
<br />consider and act on any applications Buyer submits to the City for governmental
<br />approvals in accordance with City Code.
<br />
<br />b. Buyer may, at any time on or before 5:00 p.m. on the last day of the Inspection
<br />the condition of the
<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 />Notice to Proceed
<br />
<br />
<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.
<br />
<br />
<br />10.DEFINITIONS.
<br />As used in this Agreement:
<br />
<br />ClaimClaims
<br />action, demands, penalties, debts, obligations, promises, acts, fines, judgments, damages,
<br />consequential damages, losses, costs, and expenses of every kind (including without
<br />cleanup costs
<br />and expenses which may be related to any claims).
<br />
<br />Environmental Law
<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 U.S.C.
<br />§ 7401 et seq., and the Toxic Substances Control Act, 15 U.S.C. § 2601 et seq., all as
<br />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.
<br />
<br />Hazardous SubstanceHazardous Substances
<br />hazardous substance or waste, solid waste, petroleum product, distillate, or fraction,
<br />radioactive material, chemical known to cause cancer or reproductive toxicity,
<br />polychlorinated biphenyl or any other chemical, substance or material listed or identified
<br />in or regulated by any Environmental Law.
<br />
<br />
<br />11.RELEASE.
<br /> By accepting the deed to the Property, Buyer, for itself, its directors,
<br />officers, stockholders, divisions, agents, affiliates, subsidiaries, predecessors, successors,
<br />and assigns and anyone acting on its behalf or their behalf hereby fully releases and
<br />510
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