Document ID: 12649

Text:
5.2 Inspection Period. Buyer shall have an inspection period beginning on the Effective Date and ending January 31, 2017 (the Inspection Period). Buyer shall have the Inspection Period within which to physically inspect the Assets, including the Properties, and the Company Documents and to conduct its due diligence with respect to the Assets, including the Properties, the Businesses and the Companies. Buyer and Buyers officers, directors, employees, consultants, agents and attorneys and other authorized representatives, shall have the right to reasonable access to the Assets, the Properties and Company Documents and to all records of Seller and the Companies related thereto, including without limitation title information, property information, surveys, maintenance records, environmental assessment reports, engineering reports and any other information of the Companies, the Businesses and the Assets, at reasonable times during the Inspection Period, without unreasonably interfering with the operation of the Business, for the purpose of inspecting the Assets, including the Properties, and the Businesses, and conducting all studies, tests, inspections and measurements of all kinds as deemed necessary by Buyer, reviewing the books and records of Seller and the Companies concerning the Companies, the Businesses and the Assets, including the Properties, and otherwise conducting its due diligence review of the Companies, the Businesses, and the Assets, including the Properties. Seller shall cooperate with and assist Buyer in making such inspections and reviews and in obtaining copies of any documentation related to the Companies, the Businesses, and the Assets and Properties, including the review and inspection of any and all Permits, Approvals, Consents, licenses, Governmental Authorizations and other permits and approvals necessary or required for the Companies to own, operate, construct and develop the Businesses and in accordance with such other applicable local, state and federal Legal Requirements. Seller shall make available to Buyer such of the foregoing as may be in Sellers possession, or the Companies possession, in order to facilitate Buyers due diligence. Seller shall give Buyer any authorizations which may be required by Buyer in order to gain access to records or other information pertaining to the Companies, the Assets, including the Properties, and the Businesses, or the use thereof maintained by any third party, Governmental Body or organizations. Buyer and Seller shall mutually agree, prior to the expiration of the Inspection Period, on any Company Contract that Buyer does not wish for any Company to continue to be a party thereto and be bound thereby (Excluded Contracts) and the parties shall execute an amendment to this Agreement to include a Schedule 5.2 setting forth all Excluded Contracts. If Buyer or its agents, employees, consultants and contractors shall in any material manner cause any damage or alteration to the Assets, including the Properties in conducting any testing or other due diligence investigation of Assets, including the Properties, Buyer shall, at its sole cost and expense, promptly and fully repair and restore any such damage or alteration caused by Buyer or its agents, employees, consultants and contractors to the condition same was in immediately prior to the commencement of Buyers testing or due diligence of the Assets, including the Properties. If the parties do not proceed with the Closing, Buyer shall promptly return to Seller all written material pertaining to or reflecting any information provided to Buyer by Seller or Sellers agents and will not retain any copies, extracts or other reproductions in whole or in part of such written material, and all documents, memoranda, notes and other writings whatsoever prepared by Buyer or its advisors based on the information provided to Buyer by Seller or Sellers agents shall be destroyed. Prior to Closing and following the termination of this Agreement if Closing does not occur, Buyer agrees not to disclose to any third party any non-public information provided to Buyer by Seller or generated by Buyer through its inspections, except to Buyers agents, contractors, accountants, engineers, consultants, attorneys or lenders, to the extent necessary for the purposes of this transaction, or as may be required by law or by court order. Buyer agrees to indemnify Seller and the Companies, together with Sellers Affiliated Group , and the successors, assigns, employees, officers, directors, trustees, shareholders, attorneys, representatives and agents of Seller and the Companies (collectively, the Seller Indemnified Parties) against and to defend and hold the Seller Indemnified Parties harmless from and against all costs, claims, injuries, damages, liabilities, accidents, losses arising out of, caused by or created in connection with (i) death, personal injury, and/or property damage resulting from Buyers and its agents and representatives entry upon, or inspections or tests of, the Properties, or (ii) mechanics liens or claims that may be filed against the Properties and/or adjacent land by contractors, subcontractors or materialmen performing such work for Buyer, other than as may be caused by the negligence or willful misconduct of Seller.

Named Entities:
19
22
EffectiveDate
465
466
Title

Tokenized Text:
5
.
2
Inspection
Period
.
Buyer
shall
have
an
inspection
period
beginning
on
the
Effective
Date
and
ending
January
31
,
2017
(
the
Inspection
Period
)
.
Buyer
shall
have
the
Inspection
Period
within
which
to
physically
inspect
the
Assets
,
including
the
Properties
,
and
the
Company
Documents
and
to
conduct
its
due
diligence
with
respect
to
the
Assets
,
including
the
Properties
,
the
Businesses
and
the
Companies
.
Buyer
and
Buyers
officers
,
directors
,
employees
,
consultants
,
agents
and
attorneys
and
other
authorized
representatives
,
shall
have
the
right
to
reasonable
access
to
the
Assets
,
the
Properties
and
Company
Documents
and
to
all
records
of
Seller
and
the
Companies
related
thereto
,
including
without
limitation
title
information
,
property
information
,
surveys
,
maintenance
records
,
environmental
assessment
reports
,
engineering
reports
and
any
other
information
of
the
Companies
,
the
Businesses
and
the
Assets
,
at
reasonable
times
during
the
Inspection
Period
,
without
unreasonably
interfering
with
the
operation
of
the
Business
,
for
the
purpose
of
inspecting
the
Assets
,
including
the
Properties
,
and
the
Businesses
,
and
conducting
all
studies
,
tests
,
inspections
and
measurements
of
all
kinds
as
deemed
necessary
by
Buyer
,
reviewing
the
books
and
records
of
Seller
and
the
Companies
concerning
the
Companies
,
the
Businesses
and
the
Assets
,
including
the
Properties
,
and
otherwise
conducting
its
due
diligence
review
of
the
Companies
,
the
Businesses
,
and
the
Assets
,
including
the
Properties
.
Seller
shall
cooperate
with
and
assist
Buyer
in
making
such
inspections
and
reviews
and
in
obtaining
copies
of
any
documentation
related
to
the
Companies
,
the
Businesses
,
and
the
Assets
and
Properties
,
including
the
review
and
inspection
of
any
and
all
Permits
,
Approvals
,
Consents
,
licenses
,
Governmental
Authorizations
and
other
permits
and
approvals
necessary
or
required
for
the
Companies
to
own
,
operate
,
construct
and
develop
the
Businesses
and
in
accordance
with
such
other
applicable
local
,
state
and
federal
Legal
Requirements
.
Seller
shall
make
available
to
Buyer
such
of
the
foregoing
as
may
be
in
Sellers
possession
,
or
the
Companies
possession
,
in
order
to
facilitate
Buyers
due
diligence
.
Seller
shall
give
Buyer
any
authorizations
which
may
be
required
by
Buyer
in
order
to
gain
access
to
records
or
other
information
pertaining
to
the
Companies
,
the
Assets
,
including
the
Properties
,
and
the
Businesses
,
or
the
use
thereof
maintained
by
any
third
party
,
Governmental
Body
or
organizations
.
Buyer
and
Seller
shall
mutually
agree
,
prior
to
the
expiration
of
the
Inspection
Period
,
on
any
Company
Contract
that
Buyer
does
not
wish
for
any
Company
to
continue
to
be
a
party
thereto
and
be
bound
thereby
(
Excluded
Contracts
)
and
the
parties
shall
execute
an
amendment
to
this
Agreement
to
include
a
Schedule
5
.
2
setting
forth
all
Excluded
Contracts
.
If
Buyer
or
its
agents
,
employees
,
consultants
and
contractors
shall
in
any
material
manner
cause
any
damage
or
alteration
to
the
Assets
,
including
the
Properties
in
conducting
any
testing
or
other
due
diligence
investigation
of
Assets
,
including
the
Properties
,
Buyer
shall
,
at
its
sole
cost
and
expense
,
promptly
and
fully
repair
and
restore
any
such
damage
or
alteration
caused
by
Buyer
or
its
agents
,
employees
,
consultants
and
contractors
to
the
condition
same
was
in
immediately
prior
to
the
commencement
of
Buyers
testing
or
due
diligence
of
the
Assets
,
including
the
Properties
.
If
the
parties
do
not
proceed
with
the
Closing
,
Buyer
shall
promptly
return
to
Seller
all
written
material
pertaining
to
or
reflecting
any
information
provided
to
Buyer
by
Seller
or
Sellers
agents
and
will
not
retain
any
copies
,
extracts
or
other
reproductions
in
whole
or
in
part
of
such
written
material
,
and
all
documents
,
memoranda
,
notes
and
other
writings
whatsoever
prepared
by
Buyer
or
its
advisors
based
on
the
information
provided
to
Buyer
by
Seller
or
Sellers
agents
shall
be
destroyed
.
Prior
to
Closing
and
following
the
termination
of
this
Agreement
if
Closing
does
not
occur
,
Buyer
agrees
not
to
disclose
to
any
third
party
any
non-public
information
provided
to
Buyer
by
Seller
or
generated
by
Buyer
through
its
inspections
,
except
to
Buyers
agents
,
contractors
,
accountants
,
engineers
,
consultants
,
attorneys
or
lenders
,
to
the
extent
necessary
for
the
purposes
of
this
transaction
,
or
as
may
be
required
by
law
or
by
court
order
.
Buyer
agrees
to
indemnify
Seller
and
the
Companies
,
together
with
Sellers
Affiliated
Group
,
and
the
successors
,
assigns
,
employees
,
officers
,
directors
,
trustees
,
shareholders
,
attorneys
,
representatives
and
agents
of
Seller
and
the
Companies
(
collectively
,
the
Seller
Indemnified
Parties
)
against
and
to
defend
and
hold
the
Seller
Indemnified
Parties
harmless
from
and
against
all
costs
,
claims
,
injuries
,
damages
,
liabilities
,
accidents
,
losses
arising
out
of
,
caused
by
or
created
in
connection
with
(
i
)
death
,
personal
injury
,
and
/
or
property
damage
resulting
from
Buyers
and
its
agents
and
representatives
entry
upon
,
or
inspections
or
tests
of
,
the
Properties
,
or
(
ii
)
mechanics
liens
or
claims
that
may
be
filed
against
the
Properties
and
/
or
adjacent
land
by
contractors
,
subcontractors
or
materialmen
performing
such
work
for
Buyer
,
other
than
as
may
be
caused
by
the
negligence
or
willful
misconduct
of
Seller
.