AG 2006 05 15 - Laserfiche WebLink

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(b) Throughout the term of this Agreement, Escrow Agent shall hold and disburse the Earnest Money in accordance with the terms and conditions of this Agreement, and as required by NCGS ~ 160A-269. (c) On the Closing Date, the Earnest Money will be applied as part payment of the Purchase Price. 4. Closin~. The closing of the purchase and sale of the Property (herein called "Closing") shall be held at the offices of Robert M. Critz, P.A., at such time and on such date (herein called the "Closing Date") as may be specified by written notice from Purchaser to Seller not less than ten (10) days prior thereto; provided. however. that the Closing Date shall be on or before the date one hundred eighty (180) days after the Effective Date (herein called the "Final Closing Date") and, if Purchaser shall fail to give notice designating the Closing Date, the Closing Date shall be, and the Closing shall take place at, 2:00 P.M. on the Final Closing Date. 5. Access and Inspection; Delivery of Documents and Information bv Seller; Examination by Purchaser. (a) Between the date of this Agreement and the Closing Date, Purchaser and Purchaser's agents and designees shall have the right to enter the Property for the purposes of inspecting the Property, conducting soil tests, and making surveys, engineering studies, environmental assessments, and any other investigations and inspections as Purchaser may reasonably require to assess the condition of the Property; provided. however. that such activities by or on behalf of Purchaser on the Property shall not materially damage the Property; provided further, however. that Purchaser shall indemnify and hold Seller harmless from and against any and all claims for injury to person or damage to property, to the extent directly resulting from the activities of Purchaser or Purchaser's agents or designees on the Property, excluding. however. claims arising out of the discovery of, or the non-negligent accidental or inadvertent release of, any Pollutants resulting from Purchaser's investigations (unless the Pollutants are brought onto the Property by Purchaser or Purchaser's agents, employees, consultants or contractors). (b) On or before the date ten (10) days after the Effective Date, Seller shall deliver to Purchaser, if not previously delivered, the following documents and information with respect to the Property: (1) All surveys, plans, environmental, and engineering data relating to the Property, including reports such as soils reports and environmental audits, which are in Seller's possession or which Seller can obtain with reasonable effort; G-~ Page 3 of 18