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(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 />8.3 Compliance with Obligations. Seller shall fully and timely comply with all <br />obligations to be performed by it under all existing service and operating contracts, which <br />currently bind the Property until Closing, the other Due Diligence Documents, the Conditions of <br />Title and all permits, licenses, approvals and laws, regulations and orders applicable to the <br />Property. <br />8.4 No Transfers. Seller shall not sell, encumber or otherwise transfer any interest in <br />all or any portion of the Property, or agree to do so. <br />8.5 Maintenance. At its sole cost and expense, Seller shall operate and maintain the <br />Property such that on the Closing Date the Property shall be in at least as good a condition and <br />repair as on the Effective Date, reasonable wear and tear excepted. Without limiting the <br />generality of the foregoing, Seller shall, at a minimum, spend such amounts for repair and <br />maintenance as are consistent with its prior practice. Seller shall promptly advise Buyer of any <br />ATTY/AGR/2019.316.1 /YMCA — PURCHASE AND SALE AGREEMENT <br />Page 11 of 27 <br />