Courthouse Square Agreements (compiled notebook)

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JAN.2E.199~ E~46AM N0.5~~ P.4 ~ ~ within which to give the Buyer its written nodce agreeing to elinv.nate the Unaccept~ib e Exceptions or electing to terminate this Agreement. ~If the Seller agrees to eliininate the ~Jnacceptable Exceptions, the Seller shall be obligated to do so at its cost and as of the Closing Date'F ,(ii) Investigation a.nd Review. It shall be a condition to closing that documents dascribed in this Paragraph 5(a)(ii) (the "Investigation Doctiments") be delivered to e Buyer and approved as provided below and that the Investigation Documents be acceptable to th, Buyer in its sole discretion. ' Within 30 days after executing this Agreement, unless otherwise specified, e Seller shall deliver or cause to be deli~ered to the Buyer the Invesdgatian Documents. The Buyer hall have the right to review and approve each and every Investigation Document to its sole satis action on or before the Closing Date. In the event the Buyer disapproves any Investigation D cument, the Buyer shall timely notify the Seller in wriring, and the Seller shall have 60 days in w ch to cure. If a cure acceptable to the Buyer is not dmely achieved, the Buyer may waive the r uirement in writing, or elect to terminate this Agreement for failure to satisfy a condition pre~edent to the Buyer's obligation to close. A. En~ironmental Studies. Copies of all environmental studies, enviro ntal reports, consultant reports and soil tests for or relaring to the Property in the Seller's ossession or reasonably available to ttie Seller which describe or relate to the presence or su.spect presence of any Hazardous Substance in, on or under the Real Property or any improvements the on. B, Other Infonnation. Copies of all correspondence and other records i~ the Seller's possession relating to environmental condidon of the Real Property or other real prc~perty within ~, 200 feet of the Real Property. (iii) All Real Property Acquired. On or before the Closing Date, the Sell r shall have acquired title to all of the real property and unprovements within the Senator Block. connection aith its acquisition of all such real property and 'unprovements, the Seller shall have complied, as of the Closing Date, with all of the requirements of the Uniform Relocation Assis , ce and Real Property Acquisition Policies Act of 1970, 42 USC §4601 et seq. ', (i~) Tenant Removal, Etc, On or before the Closing Date, the Seller shall have caused all tenants occupying the improvements to be removed from the premises, and the i provements shall be ready for the commencement of demolition as cantemplatetl by the seope of ,he project in the Devetopment Agreement ! (v) FTA Approval. As of the Closing Date, the FTA~shall have approve,d'the Grant on terms and conditions acceptable to the Buyer, the FTA shall have authorized the acq 'sition of the Property by the Buyer, and the FTA shall have authorized the drawdown of funds un er the Grant, in aecordance with the terms and conditions of the Gra.nt, In addition, as of the Clos ng Date, the FTA shall have approved the payment of the deposit to the Seller as part of he required expenditure by Buyer of local match funds under the Cnant. ! I (vi) Seller`s Deliveries. The Seller shall have timely delivered each and eve~y item to be delivered by the Seller pursuant to this Agreemen~ ~ ~ Purchase and Sal~ Agreement Salam Area Mass Transi[ District/Marion Covnty Pagc - 3 0128970748