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Agmt09 1306 Main Street
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Agmt09 1306 Main Street
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Last modified
3/15/2010 1:10:47 PM
Creation date
3/15/2010 1:10:00 PM
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Agreement
Contractor Name
1306 Main Street
PROJECT NAME
Acquistion
RMP File Number
304
Date
7/7/2009
Reso Ref
14950
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<br />relinquishes any and all rights and remedies Buyer may now or hereafter have against <br />Seller, whether known or unknown, with respect to any past, present or future presence <br />or existence of lIHazardous Materials" (as herein defined) on, under or about the <br />Property or with respect to any past, present or future violations of any rules, regulations <br />or laws, now or hereafter enacted, regulating or governing the use, handling, storage or <br />disposal of Hazardous Materials, including, without limitation, (i) any and all rights Buyer <br />may now or hereafter have to seek contribution from Seller under section 113(f)(i) of the <br />Comprehensive Environmental Response Compensation and Liability Act of 1980 <br />("CERCLA"), as amended by the Superfund Amendments and Reauthorization Act of <br />1986 (42 USCA ~9613), as the same may be further amended or replaced by any <br />similar law, rule or regulation, (ii) any and all rights Buyer may now or thereafter have <br />against Seller under the Carpenter Presley-Tanner Hazardous Substance Account Act <br />(California Health and Safety Code, Section 25300 et seq.), as the same may be further <br />amended or replaced by any similar law, rule or regulation, and (iii) any and all claims, <br />whether known or unknown, now or hereafter existing, with respect to the Property <br />under Section 107 of CERCLA (42 USCA ~9607). <br /> <br />(c) Limitation on Seller's Liabilitv. Seller shall not have any liability, obligation or <br />responsibility of any kind with respect to the following: <br /> <br />i. The content or accuracy of any report, study, opinion or conclusion of <br />any soils, toxic, environmental or other engineer or other person or entity who has <br />examined the Property or any aspect thereof; <br /> <br />ii. The content or accuracy of any information released to Buyer by an <br />engineer or planner in connection with the development of the Property; <br /> <br />iii. The availability of building or other permits or approvals for the <br />Property by any state or local governmental bodies with jurisdiction over the Property; <br /> <br />iv. The availability or capacity of sewer, water or other utility connections <br />to the Property; <br /> <br />v. Any of the items delivered to Buyer pursuant to Buyers review of the <br />condition of the Property; and <br /> <br />vi. The content or accuracy of any other development or construction <br />cost, projection, financial or marketing analysis or other information given to Buyer or <br />reviewed by Buyer with respect to the Property. <br /> <br />vii. The limitations of Sellers liability and the waivers and releases by <br />Buyer herein contained shall survive the Close of Escrow and the recordation of the <br />Grant Deed and shall not be deemed merged in to the Grant Deed upon recordation. <br /> <br />13. SELLER'S DELIVERY OF DOCUMENTS INTO ESCROW. Prior to the Close of <br />Escrow, Seller shall deposit the following documents and instruments into Escrow: <br /> <br />Page 9 of 16 <br /> <br />C:\Oocuments and Settings\Dell Opliplex GX52O\My Oocuments\PurchaseAgmt7.8.09redline\Purcha8eAgmt.doc <br />
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