Inspections and Review Clause Samples
Inspections and Review. (a) BUYER acknowledges and agrees that the Property is being conveyed in an "AS IS," “WHERE IS” condition and "WITH ALL FAULTS" as of the date of this Agreement and the date of Close of Escrow. Except as expressly set forth in this Agreement, no representations or warranties have been made or are made and no responsibility has been or is assumed by SELLER or by any officer, person, firm, agent or representative acting or purporting to act on behalf of SELLER as to the condition or repair of the Property or the value, expense of operation, or income potential thereof, or as to any other fact or condition which has or might affect the Property or the condition, repair, value, expense of operation or income potential of the Property or any portion thereof. ▇▇▇▇▇ further acknowledges and agrees that it has relied solely upon its own investigations of the Property and its own review of such information and documentation as it has deemed appropriate and is satisfied with the opportunity afforded for investigation. ▇▇▇▇▇ is not relying upon any statement or representation by SELLER or by any officer, person, firm, agent or representative acting or purporting to act on behalf of SELLER unless such statement or representation is specifically embodied in this Agreement, or the Exhibits attached hereto. Except as expressly set forth herein, SELLER makes no representations or warranties as to whether the Property contains any Hazardous Materials or pertaining to the extent, location or nature of the same. Further, to the extent that SELLER has provided to BUYER information from any inspection, engineering or environmental reports concerning any Hazardous Materials, SELLER makes no representations or warranties with respect to the accuracy, completeness, methodology of preparation or otherwise concerning the contents of such reports.
(b) The provisions of this Section 10 shall survive the Close of Escrow and shall be binding upon BUYER.
(c) SELLER shall assist and cooperate with BUYER in endeavoring to remove title exceptions unacceptable to BUYER, but SELLER shall have no obligation to cause such objections to be removed or to expend any sums in such endeavor, except that SELLER shall remove all monetary liens and encumbrances created by or as a result of SELLER’s activities.
(e) SELLER covenants not to further encumber and not to place any further liens or encumbrances on the Property, including, but not limited to, covenants, conditions, restrictions, easements, lie...
Inspections and Review. Section 5.1
Inspections and Review. (a) Buyers shall accept the delivery of possession of the Property (including, but not limited to, subterranean structures (if any) and soil conditions) in an “AS IS,” “WHERE IS” and ‘SUBJECT TO ALL FAULTS” condition. Buyers hereby acknowledge that they have relied solely upon their own investigation of the Property and their own review of such information and documentation as it deems appropriate. Buyers are not relying on any statement or representation by County, any employee, official or consultant of County relating to the condition of the Property. County makes no representations or warranties as to whether the Property presently complies with environmental laws or whether the Property contains any hazardous substance. Furthermore, to the extent that County has provided Buyers with information relating to the condition of the Property, County makes no representation or warranty with respect to the accuracy, completeness or methodology or content of such reports or information.
(b) Buyers, on behalf of themselves and their successors, waive and release County and its successors and assigns from any and all costs or expenses whatsoever (including, without limitation, attorneys’ fees and costs), whether direct or indirect, known or unknown , foreseen or unforeseen, arising from or relating to any of the following matters and conditions relating to the Property which exist as of the date of the applicable Close of Escrow: the physical condition of the Property or any above-ground or underground improvements thereon, the condition of the soils, the suitability of the soils for the improvement of any proposed project, or any law or regulation applicable thereto.
(c) County shall assist and cooperate with Buyers in endeavoring to remove title exceptions unacceptable to Buyers, but County shall have no obligation to cause such objections to be removed or to expend any sums in such endeavor, except that County shall remove all monetary liens and encumbrances created by or as a result of County’s activities.
(d) Buyers expressly waives any rights or benefits available to it with respect to the foregoing release under any provision of applicable law which generally provides that a general release does not extend to claims which the creditor does know or suspect to exist in his or her favor at the time the release is agreed to, which, if known to such creditor, would materially affect a settlement. By execution of this Agreement, ▇▇▇▇▇▇ acknowledges that it full...
Inspections and Review