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<br />A.For purposes of this Agreement, the term “Environmental Law(s)” shall mean any
<br />federal, state or local statute, law, ordinance, code, rule, regulation, order or decree
<br />regulating, relating to or imposing liability or standards of conduct concerning any
<br />Hazardous Substance, as now or at any time hereafter in effect. For purposes of this
<br />Agreement, the term “Hazardous Substance(s)” shall have the meaning ascribed in any
<br />Environmental Law to any hazardous, toxic, or dangerous waste, substance, pollutant or
<br />material, whether liquid, solid or gaseous.
<br />B.Sellers, to the best of their knowledge, are not aware that Sellers have violated any
<br />Environmental Laws in connection with the use, ownership, lease, maintenance or
<br />operation of the Property and the conduct of Sellers’ operations related thereto.
<br />C.To the best of Sellers’ knowledge, neither Sellers nor any other person within
<br />Sellers’ knowledge and/or control, including any lessees of the Property, has caused or
<br />permitted any Hazardous Substance to be placed, held, located or disposed of on, under or
<br />at the Property nor any part thereof and neither the Property nor any part thereof has ever
<br />been used by Sellers or by any other person under contract with Sellers as a dump site or
<br />unauthorized storage site, whether permanent or temporary, for any Hazardous Substance.
<br />D.Sellers, to the best of their knowledge and with respect to the Property, Sellers are
<br />not a party to any litigation or administrative proceeding, nor, so far as is known by Sellers
<br />after reasonable investigation, is any litigation or administrative proceeding threatened
<br />against the Property, which in either case asserts or alleges that: (i) Sellers violated any
<br />Environmental Law; (ii) Sellers are required to clean up or take other response action due
<br />to the release or threatened release or transportation of any Hazardous Substance; or (iii)
<br />Sellers are required to pay all or a portion of the cost of any past, present or future cleanup,
<br />removal or remedial or other response action which arises out of or is related to the release
<br />or threatened release or transportation of any Hazardous Substance.
<br />7.SELLERS’ REPRESENTATIONS AND WARRANTIES
<br />The undersigned Sellers represent and warrant to Buyer that Sellers own fee simple title to
<br />the Property, have not granted any option or right of first refusal to any person or entity to
<br />acquire the Property or any interest therein, and are fully empowered to sell the Property
<br />to Buyer under the terms and conditions stated in this Agreement. Additionally, Sellers
<br />represent and warrant that they have disclosed to Buyer any notifications from any local,
<br />state, or federal authority regarding environmental matters pertaining to the Property.
<br />Seller shall provide Buyer a copy of all known environmental inspection reports,
<br />engineering, title, and survey reports and documents in Sellers’ possession relating to the
<br />Property. In the event the Closing does not occur, Buyer will immediately return all such
<br />reports and documents to Sellers’ Representative.
<br />8.CLOSING
<br />A.Timing of Closing. Unless this Agreement is earlier terminated, the transfer of title
<br />contemplated by this Agreement (the “Closing”) shall be held at the office of the Title
<br />Docusign Envelope ID: D62ECB79-50C8-4137-8DF6-C82F0F5007CD
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