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the past uses and activities at the Property and the environmental testing and remediation that has <br /> taken place at the Property provided by SeIIer and identified in Exhibit A, attached and <br /> incorporated; (2) independently conducted its own soil and groundwater testing at the Property <br /> to the extent deemed necessary; and (3) 'extensive knowledge of operative governmental laws <br /> and regulations including, but.not limited to, environmental laws and regulations to which the <br /> 4 <br /> pro ert is or may be sub ect -and 4 had access to other documents which are public records <br /> P .P Y Y J ( ) <br /> and Bu et accepts the Property solely upon the basis of its review and investigation and <br /> determination of the applicability and effect of any and all environmental laws and regulations. <br />' Buyer; through its own review of reports and investigation, acknowledges that the <br /> Property has and/or may have;been used for a variety of industrial and business purposes in the <br /> past including, but not limited to: (1) the servicing and repair and•detailing of automobiles; and <br /> (2) automobile storage, and,that such uses involved the use of solvents, gasoline, motor oil, and <br /> other petroleum-based products and other,potentially hazardous substances and pollutants and <br /> contaminants. In addition, Buyer acknowledges that in the past, one underground storage tank <br /> for gasoline, oil and other petroleum-based products and solvents was located on the Property. <br /> Buyer acknowledges that removal of such underground storage tanks has been undertaken by <br /> Seller. Buyer acknowled es.the current existence of other'under <br /> Y g ground structures-on the <br /> property. Buyer acknowledges.that as a result of-the uses,operations and conditions referred to <br /> in this paragraph, the soil.and groundwater were and continue to be contaminated.- ether than <br /> the express representations contained in this Agreement,..Buyer acknowledges that it is not acting <br /> on nor rel ying on any representations of Seller, its agents or employees, if any such <br /> representations and/or warranties were in fact made. <br /> + SeY er shall, prior to close of escrow, appropriately containerize, label, remove and <br /> dispose of any and.all barrels or other containers, or other accumulations of drill,cuttings, fluids, <br /> and/or.other,products of the tank removal and/or environmental rernediation'and/or assessment <br /> conducted on the.Property.. <br /> I` 13. "Auto.Investment Parties" and "Chase ChevrQlet Paries"Defined-.Tor purposes of <br /> + <br /> -theindemnify provision and release provision, "Auto Investment Parties and "Chase.Chevrolet <br /> Parties"are defined as follows: <br /> a. The "Auto Investment:Parties"include: (1) Auto Investment Co. Associates,Inc.; <br /> t (2). Auto Investment Co. Associates, a California Limited Parttership; (3) Auto <br /> Investment Co. Associates, in any form; (4) any trusts that held an interest in Auto <br /> Investment Co.Associates; (5) William K. Chase in his in individual capacity and <br /> capacity as a limited partner and general partner of Auto Investrrient Co. Associates, <br /> a California Limited Partnership; (6) Charlotte,M. Chase in any and all capacities; <br /> (7) Robert A. Chase in his in individual capacity and capacity as a limited partner <br /> and general partner of Auto Investment Co. Associates, a Califor'rua Limited <br /> Partnership; (S) Carolyn W. Chase in any and all capacities; (9) the children of: <br /> William K. Chase including John W. Chase and Marjorie Chase; (1.0) the children <br /> of Robert A.-Chase;including Marty Arismendi, William Kenneth Chase,.Came <br /> ` Chase, and Merrill Chase; (11) Chase Chrysler,Plymouth and its owners; (12) <br /> Herbert H. Bowman and Bowman&Company, as Court Appointed Receiver. <br /> Page 4 <br /> 3 { ' <br />