Laserfiche WebLink
7 <br />17. Studies, Reports and Investigations. Each Party agrees to make available to the other <br />Party within two (2) business days following the Effective Date, any and all information, studies, <br />reports, investigations, contracts, leases, rental agreements and other obligations concerning or <br />relating to its respective property that is within such Party’s possession or reasonably available to <br />such Party, including without limitation surveys, studies, reports and investigations concerning <br />the property's physical, environmental or geological condition, habitability, or the presence or <br />absence of Hazardous Materials in, on or under the property and its compliance with <br />Environmental Laws (as defined in Section 20). <br /> <br /> 18. Intentionally omitted. <br />19. Chamber's Conditions to Closing. The close of escrow and Chamber's obligation to <br />sell the Chamber Property pursuant to this Agreement are conditioned upon: (i) the performance <br />by City of each obligation to be performed by City under this Agreement within the applicable <br />time period, or waiver by Chamber of such obligation; and (ii) City’s representations and <br />warranties contained in this Agreement being true and correct as of the date hereof and the close <br />of escrow. <br /> <br />20. Chamber's Representations and Warranties. Chamber hereby represents and warrants <br />that to Chamber’s actual knowledge, except as disclosed in writing to City, as of the date hereof <br />and as of the close of escrow: <br /> <br /> (a) Except for any Permitted Exceptions and any agreements that have been disclosed <br />to City in writing, there are no leases, licenses, contracts or other agreements relating to the <br />Chamber Property which will be in force after the Closing Date. <br /> <br /> (b) There is no pending (nor has Chamber received notice of any threatened) action, <br />litigation, condemnation or other proceeding against the Chamber Property or against Chamber <br />with respect to the Chamber Property. <br /> <br /> (c) Chamber has received no notice from any governmental authority having <br />jurisdiction over the Chamber Property to the effect that the Chamber Property is not in <br />compliance with applicable laws and ordinances (including any laws concerning the use, <br />generation, handling, disposal or storage of Hazardous Materials (as defined below)). <br /> <br /> (d) Chamber has not received any notice from any insurer of defects or conditions <br />relating to the Chamber Property that must be corrected. <br /> <br />(e) There has been no release of any Hazardous Material (as defined below) at, under <br />or upon the Chamber Property, in an amount which would, as of the date hereof, give rise to an <br />Environmental Compliance Cost (as defined below). The term “Hazardous Material” shall <br />mean asbestos, petroleum products, and any other hazardous waste or substance which has, as of <br />the date hereof, been determined to be hazardous or a pollutant by the U.S. Environmental <br />Protection Agency, the U.S. Department of Transportation, or any State or Federal <br />instrumentality authorized to regulate substances in the environment which has jurisdiction over