Laserfiche WebLink
personal injury or property damage arising under any statutory or common-law tort theory, <br />including damages assessed for the maintenance of a public or private nuisance, response costs <br />or for the carrying on of an abnormally dangerous activity. <br />7.3.2 Buyer's Indemnity. Buyer's obligations pursuant to this Section 7.3.2 shall <br />survive the Closing. Buyer at its sole cost and expense hereby agrees to indemnify, defend (with <br />counsel acceptable to Buyer), protect and hold harmless Seller, and their respective directors, <br />officers and agents from and against any and all Losses, arising directly or indirectly, in whole or <br />in part, out of any one or more of the following: <br />(a) the breach or alleged breach of any covenant of Buyer contained in <br />this Agreement or the inaccuracy or alleged inaccuracy of any representation or warranty of <br />Buyer contained in this Agreement; <br />(b) Buyer's ownership of the Property or the operation of the Property <br />after the Closing Date; or <br />(c) the presence on, in or under the Property of any Hazardous <br />Material after the Closing Date, any Release of any Hazardous Material, on, under or from the <br />Property after the Closing Date or the use, generation, manufacturing, production, handling, <br />storage, transport, discharge or disposal of any such Hazardous Materials after the Closing Date, <br />from, under or about the Property, irrespective of whether any of such activities were or will be <br />undertaken in accordance with Environmental Law or other applicable laws, regulations, codes <br />and ordinances. The indemnity contained in this paragraph (c) shall further apply, without <br />limitation, to: (i) all residual contamination and contamination affecting any natural resources; <br />(ii) all consequential damages; (iii) the costs of any required remediation or removal work on the <br />Property, including, without limitation: (A) costs of remediation or removal incurred by the <br />United States Government or the State or any other person; and (B) fines or penalties which arise <br />from the provisions of any statute, state or federal; and (iv) liability for personal injury or <br />property damage arising under any statutory or common-law tort theory, including damages <br />assessed for the maintenance of a public or private nuisance, response costs or for the carrying <br />on of an abnormally dangerous activity. <br />ARTICLE 8. SELLER'S PRECLOSING COVENANTS. <br />Seller shall comply with the covenants contained in this Article 8 from the <br />Effective Date through the Closing Date unless Buyer consents otherwise in writing. Buyer may <br />grant or withhold any such consent requested by Seller in Buyer's sole discretion. <br />8.1 Contracts and Documents. Seller shall not, without Buyer's approval, not to be <br />unreasonably withheld or delayed, (a) amend or waive any right under any of the Due Diligence <br />Documents; or (b) enter into any material agreement of any type affecting the Property that <br />would survive the Closing Date and shall cancel any service or other contracts which would <br />survive Closing. <br />8.2 Insurance. Seller shall maintain or cause to be maintained in full force and effect <br />its present insurance policies for the Property. <br />82483.00016132456469.4 11 <br />