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SA 2017-001
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SA 2017-001
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EXHIBIT A TO EXHIBIT 4 <br />the Real Property from Seller under this Agreement, Buyer and not Seller shall be responsible <br />for the title insurance, closing costs and any other costs, fees or expenses in relation to Buyer obtaining <br />such loaned moneys. The sale shall be all cash to Seller. <br />(iii) Inspections and Studies. On or before the Soil and Title Contingency <br />Date, Buyer shall have approved in writing, in Buyer's sole and absolute discretion, the results of any <br />physical and legal inspections, investigations, tests and studies Buyer elects to make or obtain, <br />including, but not limited to, investigations with regard to zoning, building codes and other <br />governmental regulations; engineering tests; soils, seismic and geologic reports; environmental audits, <br />inspections and studies; environmental investigation or other invasive or subsurface testing; and any <br />other physical or legal inspections and/or investigations as Buyer may elect to make or obtain. For the <br />avoidance of doubt, if Buyer fails to give such written notice on or before the Soil and Title <br />Contingency Date, Buyer will be deemed to have elected to terminate this Agreement. <br />(iv) Natural Hazard Report. Within twenty (20) calendar days after the <br />Opening of Escrow, but in no event later than the thirtieth (30th) day after the Effective Date, Seller <br />shall cause the Escrow Holder to provide to Buyer prior to the Soil and Title Contingency Date the <br />Natural Hazard Report described at Section 8(a)(iii) of this Agreement. <br />(v) Property and Formation Documents. On or before the Soil and Title <br />Contingency Date, Buyer shall have approved in writing, in Buyer's sole discretion, the terms, <br />conditions and status of all of the Property Documents. <br />(vi) Delivery of Documents. Seller's delivery of all documents described <br />in Section 8, below. <br />(vii) Representations and Warranties. All representations and warranties <br />of Seller contained in this Agreement shall be true and correct as of the date made and materially true <br />and correct as of the Closing. <br />(viii) Title Company Confirmation. The Title Company shall have confirmed <br />that it is prepared to issue the Buyer's Title Policy consistent with the provisions of this Agreement. <br />(ix) Oversight Board and DOE Approval. The Oversight Board and, if <br />required as a condition of the issuance of title insurance or by either party hereto, approval by DOE, <br />shall have been given as to the disposition of the Real Property by Seller to Buyer under this <br />Agreement. <br />(x) Consents. All necessary agreements and consents of all parties to <br />consummate the transaction contemplated by this Agreement will have been obtained and furnished <br />by Seller to Buyer. <br />(xi) No Default. As of the Closing, Seller shall not be in default in the <br />performance of any material covenant or agreement to be performed by Seller under this Agreement. <br />(b) Termination Right. Each of paragraphs (b) (i) and (ii) below shall operate <br />independently and each shall entitle the respective party to terminate this Agreement, as follows: <br />M <br />
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