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and delivery or other action, the requesting party shall be entitled to specific performance, declaratory relief, or such other remedies at law or equity which may be appropriate to effectuate the provisions of this Agreement. The foregoing shall not be construed to give the Commission a right to terminate this Agreement upon the existence of an Event of Default. 8. Commission's Right of Entry. SMA shall permit the Commission and its authorized representatives, upon reasonable, prior notice, to enter the Commission Property for the purpose of (a) inspecting the same, or (b) performing any work on the Commission Property that may be necessary by reason of SMA's failure to perform any such work or to commence the same within ten (10) days after written notice from the Commission (or without notice in case of emergency). Nothing herein shall imply any duty on the part of the Commission to do any such work, and performance thereof by the Commission shall not constitute a waiver of SMA's default in failing to perform the same. The Commission shall not be liable for inconvenience, annoyance, disturbance, loss of business or other damage to SMA or any Permittee by reason of performing any such work and the obligations of SMA under this Agreement shall not be affected thereby. 9. Option to Purchase. 9.01. Terms of Option. The Commission grants to SMA the right and option to purchase the Commission Property on the following terms and conditions: (a) The option shall be exercised only upon SMA's written notice to the Commission of the exercise of such option. (b) The purchase price for Commission Property shall be determined in accordance with the Contract for Sale of Land for Private Redevelopment between the Commission and SMA, dated November 16, 1993, and recorded as Instrument No. 9349145, in the Office of the St. Joseph County Recorder, payable to the Commission in cash at closing. (c) The closing of the purchase and sale of the Commission Property shall occur on a date determined by the agreement of SMA and the Commission, which date shall not be later than thirty (30) days after the date of SMA's notice to the Commission of the exercise of the option. (d) At closing, the Commission shall deliver to SMA a limited warranty deed and all other instruments and documents as may be necessary or appropriate to convey marketable title to the Commission Property to SMA, -subject to (i) the lien of all Real Estate Taxes, all general and special assessments and all other governmental dues, charges and impositions not delinquent, (ii) all easements, restrictions, agreements, covenants and other matters of record, including, without limitation, the building and use restrictions in the South Bend Central Development Plan as the same may be amended from time to time, (iii) all rights of the public, the State of Indiana and any political subdivision of the State of Indiana (including without limitation counties and municipalities) in and to that part of the Commission Property which has been taken or used for highways, streets, rights -of -way and related purposes, (iv) all applicable zoning, building and land use and other governmental restrictions, laws, ordinances 7