Salvage Work Sample Clauses

Salvage Work. Trail Sponsor acknowledges and agrees that after the Effective Date and pursuant to a certain salvage contract, the HHPA will remove certain rail assets along the Premises (“Salvage Work”). Neither the HHPA nor the Owners shall have an obligation to maintain the Salvage Work, and Trail Sponsor hereby releases, and agrees to and hold harmless, the Owners, the HHPA, and their respective principals, officers, directors, employees, contractors and agents – with the exception of the contractor performing the Salvage Work -- from and against any and all claims and/or liability (in law or in equity), and all costs (including attorneys' fees), damages, fines or other expenses related to such claims and liabilities relating in any way to the Salvage Work. Trail Sponsor further acknowledges that the Salvage Work will likely not include removal of rail assets from within road and highway crossings, and that Trail Sponsor will become responsible for maintaining and/or removing such rail assets from crossings consistent with Article XII herein. After completion of the Salvage Work, Trail Sponsor shall accept the Premises “AS-IS, WHERE-IS” without any express or implied warranties, as further specified in Article X, herein.