Res 2000-167 - Laserfiche WebLink

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MBT Draft 8-31-00 facsimile to the Seller at the fax number set forth below within the time period stated, with a copy sent as provided in paragraph 12 of this Contract. Upon delivery of notice of termination, neither party will have any further rights, liabilities or obligations under this Contract. For so long as this Contract is in effect, the Buyer, its agents, employees and representatives may enter upon the Property for the purpose of inspecting the Property and conducting soil, subsoil and such other tests as may be reasonably required by the Buyer. The Seller agrees to cooperate with the Buyer in allowing the Buyer, its agents, representatives, employees and persons with whom it contracts to have access to the Property for the purpose of conducting such studies or investigations, upon reasonable notice to the Seller. In the event that the Buyer does not receive the Commitment, copies of exceptions to the Commitment or the Survey within the time specified herein, the Buyer shall receive an extension of the Review Period of one day for each day any of those documents are past due. The Seller further agrees to make available to the Buyer within a reasonable period of time after the Effective Date, but prior to termination of the Review Period, and to allow the Buyer, its employees, authorized agents or representatives, to inspect and make copies of all assessments (special or otherwise), ad valorem and personal property tax bills, statements, notices and correspondence from governmental entities with respect to the Property, surveys, appraisals, repair records, bills, operations and maintenance plans, environmental reports, asbestos surveys, and all books, records, files, reports, and all other documents and related items in anyway pertaining to the Property, (collectively, the "Documents"), which are in the Seller's possession or readily available to the Seller. The Seller will conspicuously mark any and all of the Documents which are proprietary and confidential in nature. To the extent it is permitted to do so under applicable law, the Buyer agrees not to disclose the Documents, or any of the provisions, terms or conditions thereof, to any party other than those individuals within the Buyer's organization and the Buyer's agents and representatives. To the extent it is permitted to do so under applicable law, the Buyer shall return all of the Documents marked proprietary and confidential to the Seller if this Contract terminates and the Buyer does not purchase the Property. 5. SURVEY AND TITLE COMMITMENT. A. Survey. The will deliver to the and the Title Company a copy of a current on- the-ground survey (the IISurveyll) of the Property made by a licensed surveyor in a form acceptable to the and the Title Company before the expiration of the Review Period, at the expense. If the survey exception to the title policy (except as to shortages in is to be deleted, the additional expense for the deletion will be paid by the The Survey will include: 1. the actual boundaries and dimensions of the Property; -2-