Examples of Post-Closing Obligations Agreement in a sentence
Future work about the property will occur after sale, as may work on the property under the Post-Closing Obligations Agreement.
The parties further acknowledge and warrant that this Post-Closing Obligations Agreement shall not be voidable for any reason including, but not limited to, any claim of mistake of fact or the adequacy or inadequacy of consideration.
Other Parcels may become subject to the need for further remediation, deed notice(s), classification exception areas, and remedial action permits at and about the Property, to be conducted by Seller with Buyer’s or the then Owner’s cooperation as provided in the Post-Closing Obligations Agreement.
The Post-Closing Obligations Agreement will be signed by Seller and Buyer at Closing of Sale, referenced in the Deed for the Property, and be recorded.
JCP&L shall have the right, but not the obligation, to take or make any corrective action, maintenance, repairs, or replacements of any Engineering and Institutional Controls, after notice to the Owner(s) to be affected by such, to meet NJDEP’s or a LSRP’s requirements or obligations under Law(s) or exercise rights under this Post-Closing Obligations Agreement, and may access the Property to do so.
Emergencies are elsewhere addressed in this Post-Closing Obligations Agreement.
That classification exception area and remedial action permit may be adjusted as provided in the Post-Closing Obligations Agreement.
At and after Closing, under the Post-Closing Obligations Agreement Buyer and future Owners release and waive most rights against Seller, and have only contractual rights against, and protections from, JCP&L, including under indemnities and under the right to enforce the Post- Closing Obligations Agreement against Seller, in exchange for Buyer’s and future Owners’ obligations under the Post-Closing Obligations Agreement, with all parties liable for their breaches, if any.
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JCP&L reserves the right for its Work to achieve a remediation of, at and about the Property, to other than Unrestricted Use Criteria, as more particularly described in this Post-Closing Obligations Agreement or its attachments, past or future submissions to NJDEP, any final Governing Document(s) and, until finalized, any draft Governing Document(s) provided to Owner(s).