Orange County NC Website
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 /> 1 . 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 />