Laserfiche WebLink
Owner's written consent which shall not be unreasonably withheld (it being agreed that Owner <br /> shall respond to Optionee's written request for consent within three (3) business days after <br /> receipt of such request), and (ii) Optionee shall provide Owner with copies of all results and <br /> reports received as a result of any investigation, test, study, or analysis regarding the physical <br /> condition of the Property done by any third party consultants on behalf of Optionee. Optionee <br /> shall pay all costs with respect to such studies and tests. Optionee's Authorized Parties may <br /> bring such equipment on the Real Property as is necessary or appropriate to make such studies. <br /> Optionee shall maintain, repair and restore the Real Property as necessary to remedy any damage <br /> to the Real Property to the extent caused by the feasibility activities of Optionee's Authorized <br /> Parties on the Real Property, shall take reasonable precautions to minimize interference with the <br /> activities of Owner on the Real Property, and shall indemnify and hold harmless Owner and <br /> Owner's Parties (as hereinafter defined in Paragraph 13(d)) from and against all suits, causes of <br /> action, claims, liabilities, damages, losses, fees, fines, costs and expenses including attorneys' <br /> and experts' fees (collectively, "Claims "), for any injury, loss, or damage to persons or property <br /> occurring in connection with the inspections and studies conducted by Optionee's Authorized <br /> Parties, except that Optionee shall have no liability for and no obligation to remedy any <br /> conditions or defects on or under the Real Property (i) not caused by a Optionee Authorized Party <br /> including those that are discovered by a Optionee Authorized Party during its investigations and <br /> inspections, or (ii) resulting from the acts or omissions of Owner, or any past and/or present <br /> occupant of the Real Property or their respective agents, engineers, contractors, consultants and <br /> representatives. Optionee's obligations to indemnify and hold Owner and Owner's Parties <br /> harmless pursuant to this Paragraph (9a) shall survive the termination of this Agreement and the <br /> Closing. <br /> (b) Cooperation. Owner shall provide Optionee and its consultants with the <br /> opportunity to consult with Owner's environmental consultants and to review any work product <br /> prepared by or in the possession of such consultants provided Owner is not legally or <br /> contractually precluded from doing so. Owner shall cooperate in all reasonable respects in <br /> connection with Optionee's evaluation of the environmental condition of the Property and any <br /> required clean -up or remediation of Hazardous Materials on, at or under the Property, including <br /> without limitation participating in meetings with applicable governmental authorities and <br /> executing any authorizations or other documents required for Optionee to obtain access to <br /> documents or other information relating to the condition of the Property. <br /> 10. Conditions of Optionee's Performance. Optionee's obligation to close escrow <br /> under this Agreement is subject to Optionee's written approval of the following conditions at or <br /> before the earlier of the Closing or such earlier time expressly provided below in this <br /> Paragraph 10, but Optionee shall have the right to waive any such condition in writing within <br /> the time period specified in such condition. If any of the following conditions is not satisfied or <br /> waived in writing by Optionee, then Optionee shall be entitled to terminate this Agreement, in <br /> which event all Deposits shall be returned immediately to Optionee with interest earned thereon, <br /> without any further obligation on the part of either Optionee or Owner, subject to any remedies <br /> Optionee may have to the extent that a failure of condition also constitutes a default by Owner <br /> under this Agreement. <br /> (a) Feasibility Study. Optionee may, in Optionee's sole discretion, approve or <br /> disapprove the condition of the Real Property and the feasibility of using the Real Property for <br /> Option Agreement 20 Chemical <br /> 10.05. 2010 v.5 <br /> 11 <br />