{"component": "definition", "props": {"groups": [{"snippet": "shall specifically mean and be limited to the actual knowledge, as of the Execution Date, or, if specifically stated, as of the Closing Date, of \u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587 in his capacity as the representative of the Seller directly responsible for the operation of the Property, without any duty of inquiry or independent investigation on the part of Seller or such individual. Also as used in this Agreement, the phrase \u201cSeller has received no written notice\u201d with respect to an event or a situation shall specifically mean that such person has no Actual Knowledge of receiving the subject written notice. Purchaser expressly understands and agrees that such person shall not be personally liable to Purchaser for any representation or warranty set forth herein. The representations and warranties of Seller set forth in this Section 6 shall survive the Closing for a period of nine (9) months and shall terminate and be of no further force or effect nine (9) months following the Closing Date (except to the extent Purchaser has commenced a proceeding with respect to such representations or warranties prior to such expiration, as provided below, in which case the representations and warranties that are subject of such proceeding shall survive until final resolution or settlement of such proceeding). Notwithstanding anything to the contrary contained herein, Seller shall have no liability with respect to any of the foregoing representations and warranties (including a Warranty Failure, as defined below) if, prior to the Closing, Purchaser becomes aware of information (from whatever source, including as a result of Purchaser\u2019s due diligence tests, investigations and inspections of the Property, disclosure by Seller or Seller\u2019s agents and employees (including a Warranty Notice, as defined below) or any estoppel certificates) that contradicts any of the foregoing representations and warranties, or renders any of the foregoing representations and warranties untrue or incorrect, and Purchaser nevertheless consummates the transaction contemplated by this Agreement. In this regard, if Seller obtains Actual Knowledge or receives written notice that any representation or warranty set forth in this Section 6 is untrue in any material respect (a \u201cWarranty Failure\u201d), Seller shall give written notice of such Warranty Failure (a \u201cWarranty Notice\u201d) to Purchaser within three (3) Business Days following Seller obtaining such Actual Knowledge or receiving written notice (which Warranty Notice shall include copies of the instrument, correspondence or document, if any, upon which such Actual Knowledge is based). With respect to any Warranty Notice, Purchaser shall elect, by giving written notice to Seller and the Escrow Company on or before two (2) Business Days following receipt by Purchaser of such Warranty Notice, but not later than the Closing Date (i) to terminate this Agreement, or (ii) to waive the Warranty Failure in the Warranty Notice. Purchaser\u2019s failure to terminate this Agreement within such two (2) business day period, but not later than the Closing Date, shall constitute Purchaser\u2019s election pursuant to clause (ii) above. If Purchaser terminates this Agreement in accordance with the provisions of this paragraph, this Agreement shall be deemed terminated, and the Deposit shall be refunded to Purchaser. Title and escrow cancellation cost shall be paid by Seller and Purchaser as provided in Section 17(c).", "samples": [{"hash": "g9AbGg4lWHr", "uri": "/contracts/g9AbGg4lWHr#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Excel Trust, Inc.)", "score": 21.7392196655, "published": true}], "size": 15, "snippet_links": [{"key": "execution-date", "type": "clause", "offset": [74, 88]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [118, 140]}, {"key": "in-his-capacity-as", "type": "clause", "offset": [160, 178]}, {"key": "the-representative", "type": "clause", "offset": [179, 197]}, {"key": "of-the-seller", "type": "clause", "offset": [198, 211]}, {"key": "responsible-for", "type": "clause", "offset": [221, 236]}, {"key": "operation-of-the-property", "type": "definition", "offset": [241, 266]}, {"key": "duty-of-inquiry", "type": "clause", "offset": [280, 295]}, {"key": "independent-investigation", "type": "definition", "offset": [299, 324]}, {"key": "used-in-this-agreement", "type": "clause", "offset": [375, 397]}, {"key": "the-phrase", "type": "definition", "offset": [399, 409]}, {"key": "written-notice", "type": "clause", "offset": [434, 448]}, {"key": "an-event", "type": "clause", "offset": [466, 474]}, {"key": "knowledge-of", "type": "definition", "offset": [545, 557]}, {"key": "the-subject", "type": "clause", "offset": [568, 579]}, {"key": "to-purchaser", "type": "clause", "offset": [687, 699]}, {"key": "representation-or-warranty", "type": "clause", "offset": [708, 734]}, {"key": "representations-and-warranties-of-seller", "type": "clause", "offset": [757, 797]}, {"key": "section-6", "type": "definition", "offset": [816, 825]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [826, 851]}, {"key": "period-of", "type": "clause", "offset": [858, 867]}, {"key": "no-further-force-or-effect", "type": "clause", "offset": [914, 940]}, {"key": "following-the-closing-date", "type": "clause", "offset": [957, 983]}, {"key": "except-to-the-extent", "type": "clause", "offset": [985, 1005]}, {"key": "representations-or-warranties", "type": "clause", "offset": [1064, 1093]}, {"key": "subject-of", "type": "clause", "offset": [1197, 1207]}, {"key": "final-resolution", "type": "definition", "offset": [1244, 1260]}, {"key": "settlement-of", "type": "clause", "offset": [1264, 1277]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1296, 1346]}, {"key": "seller-shall", "type": "clause", "offset": [1355, 1367]}, {"key": "no-liability", "type": "clause", "offset": [1373, 1385]}, {"key": "the-foregoing", "type": "clause", "offset": [1409, 1422]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [1507, 1527]}, {"key": "of-information", "type": "definition", "offset": [1553, 1567]}, {"key": "of-purchaser", "type": "clause", "offset": [1613, 1625]}, {"key": "due-diligence", "type": "definition", "offset": [1628, 1641]}, {"key": "investigations-and-inspections", "type": "clause", "offset": [1649, 1679]}, {"key": "disclosure-by-seller", "type": "clause", "offset": [1697, 1717]}, {"key": "agents-and-employees", "type": "clause", "offset": [1730, 1750]}, {"key": "warranty-notice", "type": "definition", "offset": [1764, 1779]}, {"key": "estoppel-certificates", "type": "clause", "offset": [1806, 1827]}, {"key": "representations-and-warranties-untrue", "type": "clause", "offset": [1931, 1968]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [2038, 2068]}, {"key": "material-respect", "type": "definition", "offset": [2229, 2245]}, {"key": "notice-of", "type": "definition", "offset": [2296, 2305]}, {"key": "business-days", "type": "clause", "offset": [2380, 2393]}, {"key": "the-instrument", "type": "clause", "offset": [2518, 2532]}, {"key": "escrow-company", "type": "definition", "offset": [2717, 2731]}, {"key": "receipt-by-purchaser", "type": "clause", "offset": [2777, 2797]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [2866, 2890]}, {"key": "to-waive", "type": "clause", "offset": [2900, 2908]}, {"key": "the-warranty", "type": "clause", "offset": [2909, 2921]}, {"key": "failure-to-terminate", "type": "clause", "offset": [2966, 2986]}, {"key": "business-day-period", "type": "definition", "offset": [3022, 3041]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [3118, 3136]}, {"key": "in-accordance-with", "type": "clause", "offset": [3188, 3206]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [3207, 3229]}, {"key": "deemed-terminated", "type": "definition", "offset": [3265, 3282]}, {"key": "the-deposit", "type": "clause", "offset": [3288, 3299]}, {"key": "cancellation-cost", "type": "definition", "offset": [3349, 3366]}, {"key": "seller-and-purchaser", "type": "definition", "offset": [3384, 3404]}], "hash": "7df3b08e991dbe9394bd8b62d9d7ecb3", "id": 1}, {"snippet": "means the actual knowledge of the managing general partners, and the Seller's bookkeeper. Each warranty and representation is material and reasonably relied upon by Buyer, and each is accurate and complete and neither omits nor misstates any material fact, as of the date of this Agreement and the date of Closing. Seller and Buyer acknowledge and agree that Buyer will have an ample opportunity to examine financial and legal documents, records, files and information and all physical items and conditions relating to the Property during the inspections specified by sections 3.2, 3.3 and 3.4 of this Agreement. Accordingly, except as otherwise specifically stated in writing between the Buyer and the Seller, Seller hereby specifically disclaims any warranty, guaranty or representation concerning (a) the water, soil and geology and suitability thereof, and of the Property for any and all activities and uses which Buyer may elect to conduct thereon, (b) the existence of any environmental hazards or conditions thereon (including but not limited to the presence of asbestos or the release or threatened release of hazardous substances), (c) compliance with all applicable laws, rules or regulations, the nature and extent of any right-of-ways, lease possession, lien, encumbrance, license, reservation or condition and (d) the compliance of the Property or its operation with any laws, ordinances or regulations of any government or other body. Buyer acknowledges that it will inspect the Property and will rely solely upon its investigation of the Property, except as otherwise specifically stated in writing between the Buyer and Seller. The sale of the Property as provided for herein is made on an \"AS IS\"", "samples": [{"hash": "lSCsgu8tOrO", "uri": "/contracts/lSCsgu8tOrO#sellers-actual-knowledge", "label": "Purchase and Sale Contract (Windsor Park Properties 5)", "score": 16.0, "published": true}, {"hash": "i6h1q2Z8YdD", "uri": "/contracts/i6h1q2Z8YdD#sellers-actual-knowledge", "label": "Purchase and Sale Contract (Windsor Park Properties 7)", "score": 16.0, "published": true}, {"hash": "gUlzWwn4EfX", "uri": "/contracts/gUlzWwn4EfX#sellers-actual-knowledge", "label": "Purchase and Sale Contract (Windsor Park Properties 3)", "score": 16.0, "published": true}], "size": 10, "snippet_links": [{"key": "knowledge-of", "type": "definition", "offset": [17, 29]}, {"key": "managing-general-partners", "type": "definition", "offset": [34, 59]}, {"key": "the-seller", "type": "clause", "offset": [65, 75]}, {"key": "warranty-and-representation", "type": "clause", "offset": [95, 122]}, {"key": "by-buyer", "type": "clause", "offset": [162, 170]}, {"key": "accurate-and-complete", "type": "clause", "offset": [184, 205]}, {"key": "material-fact", "type": "clause", "offset": [242, 255]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [267, 289]}, {"key": "date-of-closing", "type": "clause", "offset": [298, 313]}, {"key": "seller-and-buyer", "type": "clause", "offset": [315, 331]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [332, 353]}, {"key": "buyer-will", "type": "clause", "offset": [359, 369]}, {"key": "opportunity-to-examine", "type": "clause", "offset": [384, 406]}, {"key": "legal-documents", "type": "definition", "offset": [421, 436]}, {"key": "and-information", "type": "clause", "offset": [453, 468]}, {"key": "relating-to", "type": "definition", "offset": [507, 518]}, {"key": "in-writing", "type": "definition", "offset": [666, 676]}, {"key": "buyer-and-the", "type": "clause", "offset": [689, 702]}, {"key": "buyer-may", "type": "definition", "offset": [919, 928]}, {"key": "environmental-hazards", "type": "definition", "offset": [980, 1001]}, {"key": "not-limited", "type": "clause", "offset": [1039, 1050]}, {"key": "the-release", "type": "clause", "offset": [1082, 1093]}, {"key": "release-of-hazardous-substances", "type": "definition", "offset": [1108, 1139]}, {"key": "compliance-with-all-applicable-laws", "type": "clause", "offset": [1146, 1181]}, {"key": "rules-or-regulations", "type": "definition", "offset": [1183, 1203]}, {"key": "nature-and-extent", "type": "clause", "offset": [1209, 1226]}, {"key": "buyer-acknowledges", "type": "clause", "offset": [1450, 1468]}, {"key": "investigation-of-the-property", "type": "clause", "offset": [1533, 1562]}, {"key": "buyer-and-seller", "type": "definition", "offset": [1627, 1643]}, {"key": "sale-of-the-property", "type": "clause", "offset": [1649, 1669]}], "hash": "3b87c5ec404889f8d876a3820f9d4ea3", "id": 2}, {"snippet": "shall have the meaning set forth in Section 11.", "samples": [{"hash": 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\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587.", "samples": [{"hash": "CwTWc4lpkx", "uri": "/contracts/CwTWc4lpkx#sellers-actual-knowledge", "label": "Purchase and Sale Agreement", "score": 31.3408622742, "published": true}, {"hash": "eFSsBJwcDMg", "uri": "/contracts/eFSsBJwcDMg#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Sunrise Senior Living Inc)", "score": 21.9308700562, "published": true}, {"hash": "dqii9QHcTqi", "uri": "/contracts/dqii9QHcTqi#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Sunrise Senior Living Inc)", "score": 21.9308700562, "published": true}], "size": 7, "snippet_links": [{"key": "actual-knowledge", "type": "clause", "offset": [10, 26]}, {"key": "knowledge-or-awareness", "type": "definition", "offset": [95, 117]}, {"key": "duty-of", "type": "clause", "offset": [149, 156]}], "hash": "01831431c3db83e76041158dad8efc9f", "id": 4}, {"snippet": "means the current, actual knowledge of Seller, without duty to investigate and shall not include constructive knowledge or knowledge that Seller could have obtained through investigation or inquiry. No broker, agent, or party other than Seller is authorized to make any representation or warranty for or on behalf of Seller. From and after the Effective Date, Buyer and Seller shall each immediately advise the other in writing of any information it receives which indicates that a representation or warranty made by Seller in this Section 9 is, or has become, untrue in any material respect. Seller shall have five (5) days from receipt of \u2587\u2587\u2587\u2587\u2587\u2019s written notice or from delivery of Seller\u2019s written notice to attempt to remedy the breach or inaccuracy in such representation or warranty. In the event Seller is unwilling or unable to remedy such inaccuracy within such period, Buyer shall have the right, as its sole and exclusive remedy, exercisable by giving written notice to Seller and Escrow Holder within five (5) days after the expiration of Seller\u2019s five (5) day cure period, either (i) to terminate this Agreement, or (ii) to consummate the transaction contemplated by this Agreement. If the Closing is scheduled to occur prior to said notice and curing periods, the Closing shall be delayed to provide for the expiration of both periods at least 5 days prior to the Closing. If Buyer elects to proceed with the Closing after \u2587\u2587\u2587\u2587\u2587 has received Seller\u2019s written notice of any actual or alleged inaccuracy or breach of Seller\u2019s representations and warranties or after Buyer has discovered any such change in circumstances, then (a) Seller\u2019s representations and warranties shall be deemed revised in accordance with the change in circumstances as disclosed or discovered, (b) Buyer shall have waived any right or remedy concerning such change in circumstances, and (c) Seller shall be fully and forever released and discharged from any liability or obligation with respect to such change in circumstances.", "samples": [{"hash": "k5E9U6SmmpS", "uri": "/contracts/k5E9U6SmmpS#sellers-actual-knowledge", "label": "Real Estate Purchase and Sale Agreement", "score": 33.0262794495, "published": true}, {"hash": "4eSy2Pt07Ka", "uri": "/contracts/4eSy2Pt07Ka#sellers-actual-knowledge", "label": "Real Estate Purchase and Sale Agreement", "score": 32.9304695129, "published": true}], "size": 4, "snippet_links": [{"key": "the-current", "type": "clause", "offset": [6, 17]}, {"key": "actual-knowledge-of-seller", "type": "definition", "offset": [19, 45]}, {"key": "duty-to-investigate", "type": "clause", "offset": [55, 74]}, {"key": "knowledge-or-knowledge", "type": "definition", "offset": [110, 132]}, {"key": "no-broker", "type": "definition", "offset": [199, 208]}, {"key": "representation-or-warranty", "type": "clause", "offset": [270, 296]}, {"key": "on-behalf-of", "type": "definition", "offset": [304, 316]}, {"key": "from-and-after-the-effective-date", "type": "clause", "offset": [325, 358]}, {"key": "seller-shall", "type": "clause", "offset": [370, 382]}, {"key": "in-writing", "type": "definition", "offset": [417, 427]}, {"key": "by-seller", "type": "clause", "offset": [514, 523]}, {"key": "section-9", "type": "definition", "offset": [532, 541]}, {"key": "material-respect", "type": "definition", "offset": [575, 591]}, {"key": "receipt-of", "type": "clause", "offset": [630, 640]}, {"key": "written-notice", "type": "clause", "offset": [649, 663]}, {"key": "delivery-of", "type": "clause", "offset": [672, 683]}, {"key": "to-attempt-to", "type": "clause", "offset": [708, 721]}, {"key": "in-the-event", "type": "clause", "offset": [790, 802]}, {"key": "buyer-shall", "type": "clause", "offset": [879, 890]}, {"key": "the-right", "type": "clause", "offset": [896, 905]}, {"key": "sole-and-exclusive-remedy", "type": "clause", "offset": [914, 939]}, {"key": "notice-to-seller", "type": "clause", "offset": [971, 987]}, {"key": "escrow-holder", "type": "definition", "offset": [992, 1005]}, {"key": "days-after", "type": "definition", "offset": [1022, 1032]}, {"key": "expiration-of", "type": "clause", "offset": [1037, 1050]}, {"key": "cure-period", "type": "clause", "offset": [1073, 1084]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1100, 1124]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [1164, 1194]}, {"key": "provide-for", "type": "definition", "offset": [1306, 1317]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [1365, 1385]}, {"key": "notice-of-any", "type": "clause", "offset": [1473, 1486]}, {"key": "breach-of", "type": "definition", "offset": [1519, 1528]}, {"key": "representations-and-warranties", "type": "clause", "offset": [1538, 1568]}, {"key": "change-in-circumstances", "type": "definition", "offset": [1608, 1631]}, {"key": "in-accordance-with", "type": "clause", "offset": [1706, 1724]}, {"key": "right-or-remedy", "type": "clause", "offset": [1813, 1828]}, {"key": "with-respect-to", "type": "clause", "offset": [1969, 1984]}], "hash": "50f2c87f04d6835bcc17295577fd25d8", "id": 5}, {"snippet": "means the actual knowledge of each of E\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587 and C\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, without any duty of investigation of any kind. Seller represents and warrants that the foregoing persons are the only persons employed by General Partner of Seller or its manager with day-to-day managerial or supervisorial authority over the Property.", "samples": [{"hash": "4EHZBoDycpV", "uri": "/contracts/4EHZBoDycpV#sellers-actual-knowledge", "label": "Agreement of Sale and Purchase of Improved Real Property (Asset Capital Corporation, Inc.)", "score": 19.0, "published": true}], "size": 4, "snippet_links": [{"key": "knowledge-of", "type": "definition", "offset": [17, 29]}, {"key": "duty-of", "type": "clause", "offset": [94, 101]}, {"key": "the-foregoing", "type": "clause", "offset": [165, 178]}, {"key": "by-general-partner", "type": "clause", "offset": [217, 235]}, {"key": "of-seller", "type": "clause", "offset": [236, 245]}, {"key": "the-property", "type": "clause", "offset": [320, 332]}], "hash": "39317f18a175ea834a37fef72d27e2e3", "id": 6}, {"snippet": "means the actual knowledge of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.", "samples": [{"hash": "9LoDAvHWoJT", "uri": "/contracts/9LoDAvHWoJT#sellers-actual-knowledge", "label": "Stock Sale Agreement (Memc Electronic Materials Inc)", "score": 22.8480491638, "published": true}], "size": 4, "snippet_links": [{"key": "knowledge-of", "type": "definition", "offset": [17, 29]}], "hash": "d517be57c67cc7ccf9894d6eb587a5e6", "id": 7}, {"snippet": "means (i) with respect to Fox OP, the actual knowledge of the persons set forth on Schedule 1.01(e), and (ii) with respect to Fox River, the actual knowledge of the persons set forth on Schedule 1.01(f), it being understood that none of the individuals set forth on such Schedules shall have any individual or personal liability with respect to any matter with respect to which such knowledge applies.", "samples": [{"hash": "bhzBgRlaaGg", "uri": "/contracts/bhzBgRlaaGg#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Wisconsin Public Service Corp)", "score": 24.2470912933, "published": true}, {"hash": "5VXVNiAWFvC", "uri": "/contracts/5VXVNiAWFvC#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Wisconsin Public Service Corp)", "score": 24.1622180939, "published": true}, {"hash": "lWhVkSyTQnR", "uri": "/contracts/lWhVkSyTQnR#sellers-actual-knowledge", "label": "Purchase and Sale Agreement (Wisconsin Public Service Corp)", "score": 23.8473644257, "published": true}], "size": 3, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "knowledge-of", "type": "definition", "offset": [45, 57]}, {"key": "the-persons", "type": "clause", "offset": [58, 69]}, {"key": "on-schedule", "type": "definition", "offset": [80, 91]}, {"key": "fox-river", "type": "definition", 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Also as used in this Agreement, the phrase \u201cSeller has received no written notice\u201d with respect to an event or a situation shall specifically mean that such person has no Actual Knowledge of receiving the subject written notice. Purchaser expressly understands and agrees that such person shall not be personally liable to Purchaser for any representation or warranty set forth herein. The representations and warranties of Seller set forth in this Section 6 shall survive the Closing for a period of nine (9) months and shall terminate and be of no further force or effect nine (9) months following the Closing Date (except to the extent Purchaser has commenced a proceeding with respect to such representations or warranties prior to such expiration, as provided below, in which case the representations and warranties that are subject of such proceeding shall survive until final resolution or settlement of such proceeding). Notwithstanding anything to the contrary contained herein, Seller shall have no liability with respect to any of the foregoing representations and warranties (including a Warranty Failure, as defined below) if, prior to the Closing, Purchaser becomes aware of information (from whatever source, including as a result of Purchaser\u2019s due diligence tests, investigations and inspections of the Property, disclosure by Seller or Seller\u2019s agents and employees (including a Warranty Notice, as defined below) or any estoppel certificates) that contradicts any of the foregoing representations and warranties, or renders any of the foregoing representations and warranties untrue or incorrect, and Purchaser nevertheless consummates the transaction contemplated by this Agreement. In this regard, if Seller obtains Actual Knowledge or receives written notice that any representation or warranty set forth in this Section 6 is untrue in any material respect (a \u201cWarranty Failure\u201d), Seller shall give written notice of such Warranty Failure (a \u201cWarranty Notice\u201d) to Purchaser within three (3) Business Days following Seller obtaining such Actual Knowledge or receiving written notice (which Warranty Notice shall include copies of the instrument, correspondence or document, if any, upon which such Actual Knowledge is based). With respect to any Warranty Notice, Purchaser shall elect, by giving written notice to Seller and the Escrow Company on or before two (2) Business Days following receipt by Purchaser of such Warranty Notice, but not later than the Closing Date (i) to terminate this Agreement, or (ii) to waive the Warranty Failure in the Warranty Notice. Purchaser\u2019s failure to terminate this Agreement within such two (2) business day period, but not later than the Closing Date, shall constitute Purchaser\u2019s election pursuant to clause (ii) above. If Purchaser terminates this Agreement in accordance with the provisions of this paragraph, this Agreement shall be deemed terminated, and the Deposit shall be refunded to Purchaser. Title and escrow cancellation cost shall be paid by Seller and Purchaser as provided in Section 17(c).", "title": "Seller\u2019s Actual Knowledge", "size": 166, "id": "sellers-actual-knowledge", "examples": ["Except as set forth on Schedule 6 to this Agreement there is no litigation pending or, to <strong>Seller\u2019s Actual Knowledge</strong>, threatened: (i) against Seller that arises out of the ownership of the Property or that might materially and detrimentally affect the value or the use or operation of any of the Property for its intended purpose or the ability of such Seller to perform its obligations under this Agreement; or (ii) by Seller against any Tenant.", "Except as set forth on Schedule 6 to this Agreement, to <strong>Seller\u2019s Actual Knowledge</strong>, Seller has not received written notice that the use or operation of the Property is in violation of any applicable Laws.", "Seller has complied in all material respects with all Requirements of Laws, and, to <strong>Seller\u2019s Actual Knowledge</strong>, no Purchased Asset contravenes any Requirements of Laws.", "To <strong>Seller\u2019s Actual Knowledge</strong> (as defined in this Section 11), there is no pending or threatened litigation which could materially adversely affect the Property.", "Except as set forth on Schedule 6 to this Agreement, to <strong>Seller\u2019s Actual Knowledge</strong>, Seller has not received any written notice of any condemnation, environmental, zoning or other land-use regulation proceedings that have been instituted, or are planned to be instituted, which directly identify any of the Property, nor has Seller received written notice of any special assessment proceedings affecting any of the Property.", "To <strong>Seller\u2019s Actual Knowledge</strong>, Seller has not defaulted under any covenant, restriction or contract affecting the Property, nor has Seller caused by its act or omission an event to occur which would with the passage of time constitute a breach or default under such covenant, restriction or contract.", "To <strong>Seller\u2019s Actual Knowledge</strong> all material consents required from any governmental authority or third party in connection with the execution and delivery of this Agreement by Seller or the consummation by Seller of the transactions contemplated hereby have been made or obtained or shall have been made or obtained by the Closing Date.", "To <strong>Seller\u2019s Actual Knowledge</strong>, there are no leases, occupancy agreements, easements, licenses or other agreements which grant third-parties any possessory or usage rights to all or any part of the Property, except as disclosed in the Master Commitment, and Takedown Commitment or the Seller Documents.", "Seller has complied in all material respects with all Requirements of Laws, and, to <strong>Seller\u2019s Actual Knowledge</strong>, no Purchased Asset contravenes any Requirements of Laws in any material respect.", "To <strong>Seller\u2019s Actual Knowledge</strong>, Seller has not received any written notice of non-compliance, addressed to Seller, from a regulatory agency that has jurisdiction over the Property with respect to any federal, state or local laws, codes, ordinances or regulations relating to the Property."], "related": [["actual-knowledge", "Actual Knowledge", "Actual Knowledge"], ["residual-knowledge", "Residual Knowledge", "Residual Knowledge"], ["knowledge-of-seller-or-sellers-knowledge", "Knowledge of Seller or Seller\u2019s Knowledge", "Knowledge of Seller or Seller\u2019s Knowledge"], ["knowledge", "Knowledge", "Knowledge"], ["responsible-vendor", "Responsible Vendor", "Responsible Vendor"]], "related_snippets": [], "updated": "2026-05-08T06:30:32+00:00"}, "json": true, "cursor": ""}}