13. DUE DILIGENCE.
During the period that begins on the Effective Date and ends on the later of 45 days
thereafter or November 12, 2020 (the ‘Due Diligence Period”), Purchaser may perform, at
Purchaser’s sole cost and expense, an evaluation of the Property including:
(a) An appraisal and site assessment, investigations, inspections, and review of use,
zoning, permitting, engineering, wetlands, ledge, access and other construction issues;
(b) Whatever non-invasive environmental inspection of the Property that Purchaser
may desire, in its sole discretion and at Purchaser’s sole cost and expense, including a Phase |
environmental site assessment; and
(c) Any other items that Purchaser considers necessary and appropriate to evaluate
the Premises and the suitability of the Premises for use by Purchaser.
14. CLOSING.
(a) Seller’s Closing Deliveries. On the Closing Date, Seller shall deliver or cause to
be delivered each of the following items to Purchaser:
(i) Duly executed and acknowledged quit claim deed in the statutory form
(the “Deed”) conveying the Property to Purchaser;
(ii) ~—s- Certificate of non-foreign status from Seller;
Gil) Customary affidavits sufficient for the title company issuing a title
insurance policy to Purchaser (the “Title Company”) to confirm the
absence of (i) parties in possession under unrecorded leases or similar
agreements, and (ii) mechanic’s or materialmen’s liens affecting the
Premises;
(iv) Evidence reasonably satisfactory to Purchaser and the Title Company of
Seller’s authority to convey the Property pursuant to this Agreement in
form and substance reasonably satisfactory to Purchaser and the Title
Company;
(v) | Acounterpart executed original of the closing statement setting forth the
Purchase Price, the closing adjustments and the application of the
Purchase Price as adjusted (the “Closing Statement’);
(vi) All books, records, plans, specifications, contracts, agreements and other
instruments or documents to the extent reasonably requested by Purchaser
and in the possession of Seller related to the operation and maintenance of
the Property;
