Common use of BACKGROUND DOCUMENTS Clause in Contracts

BACKGROUND DOCUMENTS. On or before the Effective Date, Seller shall deliver to Purchaser a rent roll certified by Seller to be true and correct and dated within thirty (30) days prior to the Effective Date (the “Rent Roll”), copies of all leases set forth on the Rent Roll, Service Contracts and a schedule of security deposits regarding the Property (collectively, the “Background Documents”). Purchaser hereby acknowledges receipt of the Background Documents. Seller has no obligation to deliver any other documentation or information regarding the Property. Except for the Rent Roll and schedule of security deposits, Purchaser acknowledges that any and all Background Documents are provided without representation or warranty, either expressed or implied, by operation of law or otherwise, with respect to any omission contained in, the truth, quality, accuracy, reliability, veracity, correctness or completeness of any such Background Documents, or whether there exists additional documentation or information regarding the Property which has not been provided or otherwise included in the Background Documents. Except for the Rent Roll and schedule of security deposits, Purchaser is solely responsible for determining any omission contained in, the truth, quality, accuracy, reliability, veracity, correctness or completeness of the information provided in the Background Documents. Further and except for the Rent Roll and schedule of security deposits, any Background Documents are for general information purposes only and Purchaser shall rely upon Purchaser’s independent inspection, review and investigations of the Property and condition thereof.