Common use of MOLD DISCLOSURE Clause in Contracts

MOLD DISCLOSURE. Mold and/or other microscopic organisms can be found almost anywhere. They occur naturally in the environment and can grow on virtually any organic substance as long as moisture and oxygen are present. Mold and/or other microscopic organisms may cause property damage and/or health problems. Purchaser acknowledges and agrees that Seller shall not be responsible for any damages, liabilities, claims or losses arising out of or relating to mold and/or other microscopic organisms at the Property including but not limited to property damages, personal injury, adverse health effects, loss of income, emotional distress, death, loss of use or loss of value and Purchaser hereby releases Seller from the same. Purchaser hereby acknowledges that it has read and understood this disclosure and release and agrees to the provisions contained herein. The provisions of this Section 20 shall survive the Closing or termination of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Griffin Capital Essential Asset REIT II, Inc.), Purchase and Sale Agreement (Hartman Short Term Income Properties XX, Inc.)

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MOLD DISCLOSURE. Mold and/or other microscopic organisms can be found almost anywhere. They occur naturally in the environment and can grow on virtually any organic substance as long as moisture and oxygen are present. Mold and/or other microscopic organisms may cause property damage and/or health problems. Purchaser Buyer acknowledges and agrees that Seller shall not be responsible for any damages, liabilities, claims or losses arising out of or relating to mold and/or other microscopic organisms at the Property including but not limited to property damages, personal injury, adverse health effects, loss of income, emotional distress, death, loss of use or loss of value and Purchaser Buyer hereby releases Seller from the same. Purchaser Buyer hereby acknowledges that it has read and understood this disclosure and release and agrees to the provisions contained herein. The provisions of this Section 20 shall survive the Closing or termination of this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.), Agreement for Sale and Purchase of Property (Retail Opportunity Investments Corp)

MOLD DISCLOSURE. Mold and/or other microscopic organisms can be found almost anywhere. They occur naturally in the environment and can grow on virtually any organic substance as long as moisture and oxygen are present. Mold and/or other microscopic organisms may cause property damage and/or health problems. Purchaser Buyer acknowledges and agrees that Seller shall not be responsible for any damages, liabilities, claims or losses arising out of or relating to mold and/or other microscopic organisms at the Property including but not limited to property damages, personal injury, adverse health effects, loss of income, emotional distress, death, loss of use or loss of value and Purchaser Buyer hereby releases Seller from the same. Purchaser Buyer hereby acknowledges that it has read and understood this disclosure and release and agrees to the provisions contained herein. The provisions of this Section 20 shall survive the Closing or termination of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Petmed Express Inc)

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MOLD DISCLOSURE. Mold and/or other microscopic organisms can be found almost anywhere. They occur naturally in the environment and can grow on virtually any organic substance as long as moisture and oxygen are present. Mold and/or other microscopic organisms may cause property damage and/or health problems. Purchaser Xxxxx acknowledges and agrees that Seller shall not be responsible for any damages, liabilities, claims or losses arising out of or relating to mold and/or other microscopic organisms at the Property including but not limited to property damages, personal injury, adverse health effects, loss of income, emotional distress, death, loss of use or loss of value and Purchaser Buyer hereby releases Seller from the same. Purchaser Buyer hereby acknowledges that it has read and understood this disclosure and release and agrees to the provisions contained herein. The provisions of this Section 20 shall survive the Closing or termination of this Agreement.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Commercial Property

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