WORK PLANS - Laserfiche WebLink

Home Browse Search

Notwithstanding anything to the contrary contained herein, Buyer and Seller's rights and obligations under this Section 4.3 shall survive Closing and the delivery of the Deed. ARTICLE V BAYER'S CONDITIONS Buyer's obligation to'purchase the Property under this Agreement is subject to the fulfillment of each of the following conditions,each of which is for the benefit of Buyer and any or all of which may be waived in writing at Buyer's option: 5.1. oval of Tit . Buyer's receipt and approval of the following: (a).a current preliminary title report with respect to the Property; (b),a statement of(and, if available,copies of)any other matters of any nature of which Seller has knowledge and which affect title to any part of the Property, whether or not of record and whether or not visible or ascertainable by inspection of the Property,and whether or not otherwise known to Buyer. On or before thirty(30) days from the date of this Agreement (the "Feasibility Date"), Buyer and Seller shall agree as to what exceptions to title will remain of record as of the Closing. If Buyer and Seller are unable to so agree by the Feasibility Date,Buyer may elect to terminate this Agreement, as authorized in Section 5.3 below. Notwithstanding anything to the:contrary contained in this Agreement, Seller shall be obligated, at or prior to Closing,to remove all liens of a definite or ascertainable amount other than the Permitted Exceptions described in Sections 4.1(a), (b)and (c)above. 5.2. Feasibility. Buyer shall have until the Feasibility Date to conduct such feasibility evaluations, physical inspections, investigations and studies of the Property and analysis of books and records as Buyer deems appropriate, at Buyer's expense,to determine the suitability of the Property for Buyer's intended ownership and use in Buyer's sole and absolute discretion. Seller agrees that Buyer and its agents shall have the right,upon reasonable prior notice to Seller, to enter onto the Property at any I'I time after the date of this Agreement and prior to the Feasibility Date, for purposes of 5153031Ci2 8 II