Condition of Eighth Amendment Acquisition Units and Due Diligence Sample Clauses

Condition of Eighth Amendment Acquisition Units and Due Diligence. Developer acknowledges and agrees that Developer is acquiring all Eighth Amendment Acquisition Units voluntarily from third party-owners who are not parties to this Eighth Amendment, and that City does not own any Eighth Amendment Acquisition Units. As such, City has no obligations concerning the condition of the property, title, or any other matters concerning the Eighth Amendment Acquisition Unit, and Developer acknowledges and agrees that Developer’s rights and obligations with respect to due diligence, review of the condition of any Eighth Amendment Acquisition Unit, and acquisition of any Eighth Amendment Acquisition Unit from the third party-owner shall be governed by the agreement by and between Developer and said third party-owner. Developer shall comply with all applicable federal, state, and local laws, rules and regulations regarding the acquisition of an Eighth Amendment Acquisition Unit from a third party-owner. Developer shall defend, indemnify and hold harmless City and City’s officers, employees, agents, attorneys, and contractors from and against all liability for any “Claims” (as that term is defined in the Original AHA) and related expenses attributable to the default or breach or violation of any law by Developer brought by any third party-owner in connection with the acquisition of Developer of any condominium unit pursuant to this Eighth Amendment.
Sample 1
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