7.5. SR 07-15-2013 - Laserfiche WebLink

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and to bind Buyer. Buyer represents that Buyer has the full and complete authority to enter into this Agreement and to purchase the Property. b. Buyer represents that Buyer has not engaged anyone else to act as Buyer's agent in this transaction. 17. Buyer's Inspection and "AS IS" Sale. At all times prior to the Date of Closing, Buyer and its agents have the right, upon reasonable notice to Seller, to go upon the Property to inspect the Property and to determine the condition of the Property including, specifically, the presence or absence of Hazardous Substances, in, on, or about the Property. Buyer agrees to indemnify and defend Seller from and to hold Seller harmless against any and all claims, causes of action or expenses, including attorneys' fees, relating to or arising from Buyer's or Buyer's agents or contractors presence on the Property prior to the Date of Closing. Buyer agrees to repair any damage to the Property caused by such inspections and to return the Property to substantially the same condition as existed prior to Buyer's inspection. BUYER ACKNOWLEDGES THAT BUYER IS PURCHASING THE PROPERTY IN RELIANCE ON THE REPRESENTATIONS OF SELLER SET FORTH IN SECTION 15; ON BUYER'S INSPECTION OF THE PROPERTY PURSUANT TO THIS SECTION 17; AND ON BUYER'S JUDGMENT REGARDING THE SUFFICIENCY OF SUCH INSPECTIONS. BUYER IS NOT RELYING ON ANY WRITTEN OR ORAL REPRESENTATIONS, WARRANTIES OR STATEMENTS THAT SELLER OR SELLER'S AGENTS HAVE MADE EXCEPT FOR THE REPRESENTATIONS SET FORTH IN SECTION 15 OF THIS AGREEMENT. SUBJECT TO BUYER'S RIGHT TO TERMINATE THIS AGREEMENT PURSUANT TO SECTION 18, BUYER IS PURCHASING THE PROPERTY IN "AS IS" CONDITION RELYING ONLY ON THE REPRESENTATIONS SET FORTH IN SECTION 15. 18. Buver's Contingencies. Buyer's obligations under this Agreement are contingent on: a. Buyer's determination, based on the inspections described in Section 17 above and any other relevant information, that the condition of the Property is acceptable to Buyer; b. Seller having satisfied the notice and hearing requirements set forth in Minnesota Statute Section ; having made findings and a decision that the sale is advisable and having entered its findings on its records as required by Minnesota Statute Section and either (i) no taxpayer having filed an appeal within the twenty (20) day time period described in Minnesota Statute Section ; or (ii) the time periods during which a taxpayer may appeal the District Court's decision having expired, on or before the Date of Closing; C. The City of Elk River and Sherburne County having adopted appropriate tax abatement financing resolutions approving the tax abatement financing and City of Elk River and Buyer having executed the following documents: 7