WATER REMEDIATION Clause Samples

WATER REMEDIATION. Seller has had a consultant study a moisture problem in the Hotel to determine its causes, and the consultant has recommended various actions to be taken to remediate the issue. Seller makes no representation or warranty as to the work conducted by the consultant nor as to the report or any findings or recommendations in the report. A copy of the consultant’s report was provided to Buyer for review. Seller and Buyer agree that Seller will fund certain actions recommended by the consultant, collectively referred to as the “Water Remediation Work”, the payment for which is described in Section 7.11 The Water Remediation Work will consist of (a) removing moisture-contaminated gypsum board on either side of exterior concrete column for room walls that directly butt up against an exterior window wall, (b) while gypsum board is removed, installing moisture stops or closures at exterior concrete columns to impede air flow between floor levels, including between the first and second floors of the building in which the Hotel is located and between floors, if any, that are below the first floor of the building, (c) installing new gypsum board where moisture-contaminated gypsum board was removed, and (d) any other work agreed upon by Buyer and Seller to prevent moisture penetration of the Hotel from the restaurants located below it.