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7 <br />Agreement, in light of the circumstances under which they are <br />made, not misleading. <br />(g) Environmental. <br />(1) Buyer has received a copy of a Phase I <br />Environmental Assessment of the Property dated December 13, 2002 <br />("the Phase I"). <br />(2) Seller warrants and represents to Buyer as <br />follows: <br />(i) Seller has no knowledge of, and no reason to <br />believe (A) that any industrial use has been made of the <br />Property, (B) that the Property has been used for the storage, <br />treatment or disposal of chemicals or any wastes or materials <br />that are classified by federal, State or local laws as hazardous <br />or toxic substances, or (C) that any manufacturing, landfilling <br />or chemical production has occurred on the Property. <br />(ii) The Property is in compliance with all <br />federal, State and local environmental laws and regulations, <br />including, but not limited to, the Comprehensive Environmental <br />Response, Compensation and Liability Act of 1980 ("CERCLA"), <br />Public Law No. 96-510, 94 Stat. 2767, 42 USC 9601 et seq., and <br />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