Resolution 2001-22 - Laserfiche WebLink

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objections to title or Survey as having been cured or removed. If any of Purchaser's objections to title, Survey or exceptions to the title commitment cannot reasonably be cured by Seller or have not been cured or removed within the 10-day period as provided hereinbefore, then Purchaser, at its election, may either: (i) waive Purchaser's objection and accept the conditions; (ii) terminate this Agreement; or (iii) extend the Closing for a period that Purchaser deems reasonable for curing or removing such objections, but not to exceed sixty (60) calendar days. (d) Failure to deliver either the Title Commitment or Survey to Purchaser within the time periods provided hereinbefore shall automatically extend the Inspection Period day for day until both are delivered as required hereby. There shall be no compensation owing from Purchaser to Seller for such extension. 4. SELLER'S REPRESENTATIONS AND WARRANTIES Seller makes absolutely no representations or warranties, express or implied, with respect to the Property or any other matter related to the execution of this Agreement except as provided in this Agreement, in the deed to the Property, and as follows, which representations and warranties shall be deemed made by Seller to Purchaser as of the date of execution hereof and as of the Closing Date, shall survive the Closing and, but for such representations and warranties, Purchaser would not execute this Agreement: (a) Seller has the present fidl authority and power to execute this Agreement and dose the sale of the Property. (b) To the best of Seller's knowledge, there are no parties in possession of any portion of the Property as lessees, tenants at sufferance or trespassers; (c) With respect to environmental matters, (i) there are no pending or, to the best of Seller's knowledge and belief, threatened, legal or administrative proceedings involving the Property or the Seller which relate to or arise from the existence of Hazardous Materials located on, in, under or about the Property, and (ii) to the best of Seller's knowledge, neither Seller nor any affiliate of Seller has caused or permitted the release or discharge of any Hazardous Materials either on, in, under or about the Property at any time during the period of their ownership of the Property. As used herein, the term "Hazardous Materials" shall mean any substance, material or waste which is or becomes regulated by any local governmental authority, the State of Colorado or the United -4- H:~D\WP~ I \ 10234L093~A-6P&SLouisville-~qxl