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the Superfund Amendments and Reauthorization Act of 1986 <br />( "SARA "), Public Law No. 99 -499, 100 Stat. 1613. <br />(iii) Seller has fully disclosed to Buyer that <br />Seller has no knowledge of the existence, extent and nature of <br />any hazardous materials, substances, wastes or other <br />environmentally regulated substances (including without <br />limitation, any materials containing asbestos), in or under the <br />Property or use in connection therewith. <br />(3) Seller shall indemnify and hold Buyer, prior to <br />the date of closing, harmless from and against (i) any and all <br />damages, penalties, fines, claims, liens, suits, liabilities, <br />costs (including clean -up costs), judgments and expenses <br />(including attorneys', consultants' or experts' fees and <br />expenses) of every kind and nature suffered by or asserted <br />against Buyer as a direct or indirect result of any warranty or <br />representation made by Seller in subsection (f) herein being <br />false or untrue in any material respect, or (ii) any requirement <br />under any law, regulation or ordinance, local, State or federal, <br />which requires the elimination or removal of any hazardous <br />materials, substances, wastes or other environmentally regulated <br />substances by Buyer or Seller or any transferee or assignee of <br />Buyer or Seller. <br />(4) Should the Phase I disclose the existence on the <br />Property of any hazardous materials, substances, wastes or other <br />environmentally regulated substances (including without <br />limitation, any materials containing asbestos), a condition <br />precedent to Buyer's obligation to close on the sale of the <br />5 <br />