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(e) Defaults. To the best knowledge of each party, the party is not in default <br /> concerning any of its obligations or liabilities regarding the land to be conveyed <br /> by the party. <br /> (f) Non-Foreign Status. The parties hereunder are not a "foreign person," "foreign <br /> partnership," "foreign trust" or foreign estate" as those terms are defined in <br /> Section 1445 of the Internal Revenue Code of 1986, as amended and the <br /> regulations promulgated thereto. <br /> (g) Wells. The parties hereunder do not know of any "Wells" on the parcels to be <br /> conveyed by the party hereunder within the meaning of Minn. Stat. § 103I. This <br /> representation is intended to satisfy the requirements of that statute. <br /> (h) Storage Tanks. To the best knowledge of the City and District, no "above ground <br /> storage tanks" within the meaning of Minn. Stat. § 116.46 is located in or about <br /> the parcels to be conveyed by the respective party. <br /> (i) Individual Sewage Treatment Systems. Solely for purposes of satisfying the <br /> requirements of Minn. Stat. § 115.55, there is no "individual sewage treatment <br /> system" within the meaning of that statute on or serving the land to be conveyed <br /> by the party hereunder. <br /> 0) Miscellaneous. It is a condition of Closing that the representations and warranties <br /> contained in this Section 11 are true and correct at Closing. <br /> 13. CONDITONS PRECEDENT TO CLOSING. The obligations of the City and <br /> the District to proceed to Closing under this Agreement are subject to the following conditions <br /> precedent: <br /> (a) The City and the District will have performed and satisfied each and all of their <br /> respective obligations under this Agreement; <br /> (b) Each party's representations and warranties set forth in this Agreement will be <br /> true and correct on the Closing Date; <br /> (c) Each party will deliver to the other the respective Deed, and other necessary <br /> documents in a condition that enables the Title Company to deliver a Title Policy <br /> in accordance with this Agreement; <br /> (d) Each party has received or will pursue, all necessary approvals for subdivision of <br /> the property to be conveyed under this Agreement from any larger parcel the <br /> party owns; <br /> (e) Each party has submitted or will submit to the County a request to combine the <br /> parcels remaining from the subdivision that the party will continue to own with an <br /> adjoining parcel owned by the party; <br /> 2oi97ovs 8 <br />