Condition of Land to be Conveyed Sample Clauses

Condition of Land to be Conveyed. The Seller and Buyer covenant and agree that the Premises shall be conveyed in “as is” condition as of the Effective Date, free and clear of all tenants and occupants, but subject to the Permitted Encumbrances (as such term is defined herein). Buyer shall be responsible, at Buyer’s sole cost and expense for the demolition, removal, recycling and/or proper disposal of all buildings, structures, improvements, foundations, pipes, tanks, fixtures, equipment, and demolition debris on or under the Premises (the “Demolition Work”). At the conclusion of the Due Diligence Period, if Buyer elects to proceed, Buyer represents and agrees that it has been provided ample opportunity to conduct any and all inspections of the Premises, and improvements thereon including all structures and otherwise, desired by the Buyer, including, without limitation, mechanical, structural, utility systems, pest, termite, lead paint, asbestos, radon, mold and any “Hazardous Materials” as hereinafter defined, chemicals, materials or substances and personal property being conveyed with the Premises as of the date hereof, reasonable wear and tear excepted, the Buyer is fully satisfied with the results of same, the condition of the Premises and all improvements thereon. The Seller has made no warranties or representations, on which ▇▇▇▇▇ has relied with respect to the Premises or improvements thereon, and it is the understanding of the parties that the entire agreement of the parties with respect to the transaction which is the subject of this Agreement is fully and completely set forth in this Agreement. Buyer is purchasing the Premises in its “As Is / Where Is” condition without any warranty or representation by the Seller or any other party except as specifically provided herein, and Buyer, following the expiration of the Due Diligence Period, has taken into consideration the results of any and all such inspections and reviews in agreeing to purchase the Premises and all improvements, thereon. Buyer is not relying on the Seller or the Seller’s agents for any information regarding the Premises, including, without limitation, as to the character, quality, use, value, quantity or condition of the Premises. Any statements which may have previously been made by the Seller, either verbally or in writing, if any, are specifically hereby voided and are superseded by this Agreement. The provisions of this Section 3.2 shall survive the Closing and the delivery of the Deed.