My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
6A4
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2013
>
11-14-13
>
6A4
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/13/2014 12:18:50 PM
Creation date
11/12/2013 1:41:19 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
either (i) waive the Title Defect and proceed to close hereunder with no offset or reduction in the <br />Purchase Price except for the amount of any monetary lien which is an Exception or (ii) terminate this <br />Agreement. Subject to Buyer's written approval, Seller may extend the Closing Date for a period not <br />to exceed thirty (30) days after Seller receives written notice from Buyer of the existence of any such <br />Title Defect in order to cure it. <br />(d) If the commitment reflects any conditions, including Title Exceptions, (Permitted <br />Exceptions) which are not acceptable to Buyer, Buyer may terminate this Agreement. In such event, <br />Seller shall have no obligation to cure any Title Defect. <br />(e) If Buyer has not objected to any exception in the Commitment by written notice <br />delivered to Seller within ten (10) business days following the later of (i) receipt of the Commitment <br />or (ii) receipt of the Survey, if applicable, then Buyer shall be deemed to have approved the <br />Commitment and all exceptions to title reflected therein (other than the lien of any monetary <br />encumbrance which is to be released at Closing) and the Survey, if applicable, and condition of the <br />Real Estate as thereby disclosed. <br />9. Survey. At its option and expense, Buyer may cause a qualified surveyor to <br />complete a boundary survey ( "Survey ") of the Real Estate forty -five (45) days prior to the exercise of <br />the Option. If the Survey discloses any state of fact which would preclude use of the Real Estate for <br />the purpose of development, construction and operation of the Project, then Buyer may cancel this <br />Agreement within ten (10) business days following receipt of the Survey by providing written notice <br />to Seller, each party hereto shall be released from any duty hereunder except as otherwise provided <br />herein. <br />10. Environmental Assessment. Seller grants to Buyer its agents, contractors, <br />employees and successors and assigns, a temporary, non - exclusive right on, in, across and under the <br />Real Estate for the purposes of the investigation, surveying and sampling of soils and improvements <br />located in, upon and under the Real Estate ( "Environmental Assessment ") This non - exclusive right to <br />enter the Real Estate shall be at reasonable times as may be determined by agreement of the parties. <br />Buyer agrees to provide Seller with reasonable notice before accessing the Real Estate. <br />If the Environmental Assessment discloses the possibility of any environmental condition <br />(including but not limited to soil conditions) which Buyer deems unacceptable, then Buyer may either <br />terminate this Agreement or cause further investigation of any potential adverse environmental <br />condition to be made. In any event, if the Environmental Assessment or any subsequent investigation <br />shall disclose any environmental condition (including but not limited to soil conditions) unacceptable <br />to Buyer, then Buyer may terminate this Agreement upon written notice to Seller delivered prior to <br />expiration of the Approvals Period. Upon such termination, each party hereto shall be released from <br />any duty hereunder except as otherwise provided herein. Buyer shall bear the entire cost of the <br />Environmental Assessment and any further environmental investigation undertaken at the direction <br />of Buyer <br />rd <br />
The URL can be used to link to this page
Your browser does not support the video tag.