Resolution 2001-22 - Laserfiche WebLink

Home Browse Search

Purchaser acknowledges and agrees that Seller makes no representations or warranties, express or implied, regarding the accuracy or completeness of any such information, and that Purchaser is relying on its own investigation of the matters contained in such materials in connection with its purchase of the Property. (e) In the event that Purchaser, within its sole and absolute discretion, determines that the Property is not suitable for Purchaser's intended use, Purchaser may terminate this Agreement by providing Notice thereof to Seller at any time prior to the end of the Inspection Period. In such event, the Earnest Money shall be returned to Purchaser. Said Notice must be received prior to 5:00 p.m. (local Denver time) on the last day of the Inspection Period or Purchaser shall be conclusively presumed to have irrevocably waived the right to terminate this Agreement under the terms, conditions and provisions of this paragraph 6, and to have accepted the Property in its "as is-where is" and "with all faults" condition. It is not anticipated that any desired subdivision or rezoning of the Property shall be obtained during the Inspection Period. (f) Subject to Purchaser's rights pursuant to paragraph 6 hereof, Purchaser is purchasing the Property in its "as is--where is" condition with all faults and without warranty or representation except as expressly set forth in this Agreement and except as provided by a special warranty deed as specified in paragraph 7 hereof. (g) Except for the representations and warranties of Seller expressly set forth in this Agreement, Purchaser is relying solely on its own investigation of all matters relating to the Property and is not relying upon any materials or information, whether oral or written, regarding the Property that were received from Seller, its agents, brokers, representatives or attorneys. (h) Upon any termination of this Agreement pursuant to the provisions of this paragraph 6, each party shall be released from all duties or obligations contained herein and the Earnest Money, together with all interest earned thereon, shall be refunded to Purchaser as its sole and exclusive remedy. 7. CLOSING (a) The Closing hereunder (the "Closing," the date of which is sometimes referred to herein as the "Closing Date") shall be through an escrow with the Title Company (the "Escrow") in accordance with this Agreement and shall take place on July 6, 2001, unless extended as herein -7- H:~D\WP~F I \ 10234~.993La,-rP& SLouisville.wpd