Laserfiche WebLink
i <br /> SOLELY ON THE PART OF BUYER, THE SUM OF FIFTY THOUSAND DOLLARS <br /> ($50,000) SHALL BE PAID TO AND RETAINED BY SELLER AS LIQUIDATED <br /> DAMAGES. THE PARTIES ACKNOWLEDGE THAT SELLER'.S ACTUAL <br /> DAMAGES IN THE EVENT OF A DEFAULT BY BUYER WOULD BE <br /> EXTREMELY DIFFICULT OR IMPRACTICABLE TO DETERMINE. THEREFORE, <br /> BY PLACING THEIR SIGNATURES BELOW, THE PARTIES ACKNOWLEDGE <br /> THAT FIFTY THOUSAND DOLLARS ($50,000) HAS BEEN AGREED UPON, <br /> AFTER NEGOTIATION, AS THE PARTIES' REASONABLE ESTIMATE OF <br /> SELLER'S DAMAGES AND AS SELLER'S EXCLUSIVE REMEDY AGAINST <br /> BUYER IN THE EVENT OF A DEFAULT SOLELY ON THE PART OF BUYER. <br /> SELLER: BUYER: <br /> B3' �nn �l` (.✓' �.� " C✓to+� By: <br /> for Rose Cal LLC for LKQ of Stockton, Inc. <br /> ARTICLE.III <br /> ENVIRONMENTAL )ISSUES <br /> Both parties are aware of the following: <br /> 3.1. Seller bas only owned the Property since 2003. <br /> 3.2. The former owner and/or lessee operated the Concrete Batch Plant <br /> and affiliated activities on the Property for a period of time. <br /> 3.3. There has been an environmental proceeding involving the County <br /> and the State regarding an underground diesel storage tank relating to the operation of the <br /> Property by the previous owner and/or lessee (the "Existing Environmental Condition"). <br /> 3.4. Seller has possession of a Phase I environmental assessment of the <br /> Property and Seiler has engaged in activity to remediate the Existing Environmental <br /> Condition, which, as of the date of the Effective Date, has not been completed or signed <br /> off by the County or the State. Within three (3) business days after the full execution of <br /> this Agreement, Seller shall deliver to buyer a copy of the Phase I environmental <br /> assessment and all other documents in Seller's possession concerning the environmental <br /> I <br /> 515303/C/2 3 <br />