Northfield Business Park Sample Clauses

Northfield Business Park. The portions of the Property located at 2350, 2360, 2370 and 0000 Xxxxxxx Xxxxxx, Oxnard, California, (ii) 0000 Xxxxxxx Xxxxxx, Oxnard, California, and (iii) 2360, 2362 and 0000 Xxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxx (collectively, the “Northfield Business Park”), are subject to that certain Declaration and Establishment of Covenants, Conditions and Restrictions for Northfield Business Park, recorded on November 4, 1987 as Document No. 87-178976 in the Official Records of Ventura County, California (the “Declaration”). The Declaration provides for, among other things, the creation of the “Northfield Business Park Association” (the “Association”), which Association allegedly has the power and authority to enforce the Declaration, including, without limitation, by the levy of assessments against and the approval of improvements upon the Northfield Business Park. Seller hereby represents and warrants to Buyer that (i) Seller has received no notices from the Association during Seller’s ownership of the Northfield Business Park, (ii) no assessments have been levied against the Northfield Business Park under the Declaration during Seller’s ownership of the Northfield Business Park, (iii) to Seller’s Knowledge, there is no active owner’s association under the Declaration and (iv) to Seller’s Knowledge, the Northfield Business Park is not in default under the Declaration and there is no circumstance with respect to the Northfield Business Park that, with the giving notice of the passage of time, would become a default under the Declaration. For the avoidance of doubt, the foregoing representations and warranties shall be subject to all provisions of the Purchase Agreement which address representations and warranties of Seller, as if such representations and warranties were originally set forth in Section 12(a) thereof. This Section 9, satisfies the condition set forth in Section 11(l) of the Purchase Agreement.