Orange County NC Website
8 <br /> 1.2.11 "Financial Encumbrance"is defined in Section 4.1.2. <br /> 1.2.12 "Hazardous Materials" means any waste, pollutant, chemical, hazardous <br /> material, hazardous substance, toxic substance, hazardous waste, special waste, solid waste, asbestos, <br /> radioactive materials, polychlorinated biphenyls, petroleum or petroleum-derived substance or waste and <br /> any other pollutant,material,substance or waste regulated under or as defined by any Environmental Laws. <br /> 1.2.13 "Improvements" means all improvements located on the Land and all fixtures <br /> affixed to the Land or other improvements. <br /> 1.2.14 "Inspections"is defined in Section 3.1.. <br /> 1.2.15 "Intended Use"means Buyer's development of the Property for a Crisis Diversion <br /> Facility. <br /> 1.2.16 "Losses"means all losses, costs(including reasonable attorneys' and consultants' <br /> fees), damages, obligations, claims or liabilities. <br /> 1.2.17 "Objection"is defined in Section 4.1.3. <br /> l.2.18 "Objection Response"is defined in Section 4.1.3. <br /> 1.2.19 "OFAC"is defined in Section 5.1.10. <br /> 1.2.20 "Permitted Exceptions"is defined in Section 4.1.2. <br /> 1.2.21 "Plan Approval Period" is defined in Section 6.1.2. <br /> 1.2.22 "Property"means, collectively,the Land and the Improvements <br /> 1.2.23 "Property Documents"is defined in Section 6.5. <br /> 1.2.24 "Site Plan"is defined in Section 6.1.1. <br /> 1.2.25 "Subdivision Plat"is defined in Section 4.2. <br /> 1.2.26 "Subdivision Plat Delivery Date"is defined in Section 6.4. <br /> 1.2.27 "Taxes"is defined in Section 7.2.1(a). <br /> 1.2.28 "Title Commitment"is defined in Section 4.1.2. <br /> 1.2.29 "Unpermitted Exception"is defined in Section 4.1.2. <br /> ARTICLE II <br /> Agreement to Sell and Purchase <br /> 2.1 Property to Be Sold. For good and valuable consideration,the receipt and sufficiency of <br /> which are acknowledged by Seller and Buyer, Seller agrees to sell, and Buyer agrees to purchase, the <br /> Property. <br /> 3 <br />