Orange County NC Website
Superfund Amendments and Reauthorization Act of 1986 ("SARA"), Public Law No. 99-499, <br /> 100 Stat. 1613. <br /> (iii) Seller has fully disclosed to Buyer that Seller has no knowledge <br /> of the existence, extent and nature of any hazardous materials, substances, wastes or other <br /> environmentally regulated substances (including without limitation, any materials containing <br /> asbestos), in or under the Property or use in connection therewith. <br /> (3) Seller shall indemnify and hold Buyer harmless from and against (i) any <br /> and all damages, penalties, fines, claims, liens, suits, liabilities, costs (including clean-up <br /> costs), judgments and expenses (including attorneys', consultants' or experts' fees and <br /> expenses) of every kind and nature suffered by or asserted against Buyer as a direct or indirect <br /> result of any warranty or representation made by Seller in subsection (e) herein being false or <br /> untrue in any material respect, or (ii) any requirement under any law, regulation or ordinance, <br /> local, State or federal, which requires the elimination or removal of any hazardous materials, <br /> substances, wastes or other environmentally regulated substances existing or placed on the <br /> Property at any time up to and including the Closing Date. <br /> (4) Should the Phase I disclose the existence on the Property of any <br /> hazardous materials, substances, wastes or other environmentally regulated substances <br /> (including without limitation, any materials containing asbestos), a condition precedent to <br /> Buyer's obligation to close on the sale of the Property is that the following be done at Seller's <br /> expense: (1) such material, substance, or contaminant located on the Property be removed <br /> sufficient to meet the requirements for a certificate, (2) that a copy of a certificate <br /> demonstrating removal and clean-up be provided to Orange County, c/o Jeffrey Thompson, <br /> Director of Assets Management Services, P.O. Box 8181, Hillsborough, North Carolina <br /> 5 <br />