5.2.3 OFAC. Purchaser is not a person or entity with whom U.S. persons or entities
are restricted from doing business under regulations of OFAC (including those named on OFACs Specially Designated Nationals and Blocked Persons List) or under any similar statute, executive order (including the September 24, 2001,
Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other similar governmental action.
5.2.4 No Conflicts. The execution and delivery of this Agreement by Purchaser and the consummation by Purchaser of the transactions contemplated hereby will not: (i) violate any judgment,
order, injunction, or decree to which Purchaser is subject, or (ii) conflict with, result in a breach of, or constitute a default under the organizational documents of Purchaser or any lease, mortgage, loan agreement, covenant, or other
agreement or instrument to which Purchaser is a party or by which Purchaser is bound.
5.2.5 Bankruptcy. No bankruptcy,
insolvency, reorganization, or similar action or proceeding, whether voluntary or involuntary, is pending, or, to Purchasers knowledge, has been threatened in writing, against Purchaser.
5.3 Knowledge. For purposes of this Agreement, the phrase to Sellers knowledge means the present, actual
knowledge, without independent investigation or inquiry, of Ada Healey and Steve Hissong, the representatives of Seller who Seller represents and warrants are the representatives of the Seller that are in the best position to opine on such
matters. There shall be no personal liability on the part of Ada Healey and Steve Hissong arising out of any representations or warranties made herein or otherwise. To the extent a Tenant Estoppel (defined in Section 6.5 below) is provided
to Purchaser that sets forth information with respect to any item as to which Seller has made a representation or warranty, then Sellers representations and warranties with respect to such information will thereafter be null and void and of no
further force and effect and Purchaser shall rely on the information in such Tenant Estoppel.
5.4 Survival. All of the
representations and warranties set forth in this Article 5 shall survive the Closing for a period of one (1) year (Survival Period), subject to the provisions of Article 10 of this Agreement. Purchaser shall provide Seller
with written notice (a Notice of Breach) of any alleged breach or failure of any representation or warranty made by Seller and specifying the nature thereof within the Survival Period. Purchaser shall commence any action, suit, or
proceeding with respect to any breach or failure that is the subject of the Notice of Breach, if at all, on or before the date that is one hundred twenty (120) days after the expiration of the Survival Period (Suit Deadline).
Seller acknowledges and agrees that the resolution of such action, suit, or proceeding may not occur until after the expiration of the Survival Period and the Survival Period shall be deemed to be tolled with respect to (and only with respect to)
any alleged breach or failure of a representation or warranty of which Seller receives a Notice of Breach before the expiration of the Survival Period, provided Purchaser files an action, suit, or proceeding with respect thereto prior to the Suit
Deadline. Notwithstanding the foregoing to the contrary, Seller shall have no liability in connection with this Agreement by reason of any inaccuracy of a representation or warranty if, and to the extent that, Purchaser should reasonably have had
knowledge of such inaccuracy at the time of the Closing given the circumstances, including without limitation the timing of the receipt of such information as disclosed to Purchaser or otherwise included in the Property Information, and Purchaser
elects, nevertheless, to consummate the transaction contemplated hereby.