Orange County NC Website
Browse       Search
q <br />materials, substances, wastes or other environmentally regulated <br />substances affecting the Property- <br />(3) Seller shall indemnify and hold Buyer harmless <br />from and against (i) any and all damages, penaities, fines, <br />claims, liens, suits, liabilities, costs (including clean-up <br />costs), judgments and expenses (including attorneys', <br />consultants' or experts' fees and expenses) of every kind and <br />nature suffered by or asserted against Buyer as a direct or <br />indirect result of any warranty or representation made by Seiler <br />in subsection (f) herein being false or untrue in any material <br />respect, or (ii) any requirement under any law, regulation or <br />ordinance, local, State or federal, which requires the <br />elimination or removal of any hazardous materials, substances, <br />wastes or other environmentally regulated substances by Buyer or <br />Seller or any transferee or assignee of Buyer or Seller. <br />(4) Should the Phase _ 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 />Property is that the following be done at Seller's expense: (i) <br />any such material or substance located on the Property be <br />removed, (ii) other found contaminants be removed from the <br />Property, (iii) that a copy of a certificate demonstrating <br />removal and clean-up be provided to Buyer, C/o Pam Jones, <br />6