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Feb. 7. 2C00 S:52AM1 110 .on? — P 4 documentation required under Section 6 below for Buyer's review and analysis. (d) Teg_u'na. Buyer shall have determined, on or before the Contingency Date, that it is satisfied with the results of and matters disclosed by soil tests, engineering inspections, hazardous waste and environmental reviews of the Property, including, but not limited to, Buyer baving determined, in its sole and absolute discretion, that it is comfortable with the environmental condition and remediation of the Property based upon its investigations and contact with any and all applicable governmental agencies, including but not limited to the Minnesota Pollution Control Agency, and its approval of the current Limited Site Investigation being conducted through the Minnesota Pollution Control Agency. VP ( (e) Document Review. Buyer shall have determined, on or before the Contingency 1 ' Date, that it is satisfied with its review and analysis of the Contracts, Permits, Warranties, Plans, Records and Permitted Encumbrances. (f) Government Approvals. Buyer shall have obtained at its sole cost and expense on or before the Closing Date all final governmental approvals necessary in Buyer's judgment in order to make the use of the Property which Buyer intends. 0/ Pt ) (g) Financing and Other Approvals. Buyer shall have received on or before the Closing Date a Commitment acceptable to Buyer for the proceeds of financing necessaty and sufficient in Buyer's opinion to implement Buyer's plans for and complete the purchase of the Property. Buyer shall also have received on or before the Closing Date all approvals of City Council, the Budget, or the E.D.A, if applicable. (h) Fnvirotenenek Indemnification. Buyer shall have received from Seller an indemnification for any existing environmental contamination and remediation required for all environmental con*atninetion existing as of the Closing Date, in a form satisfactory to Buyer, is Buyer's sole and absolute discretion. The 'Contingency Date" shall be that date which is 90 days after the date when Buyer shall have received the last of the matters which Seller is required to deliver to Buyer hereunder. If any such Contingency has not been satisfied on or before the stated date, then this Agreement may be terminated, at Buyer's option, by written notice from Buyer to Seller. Such notice of termination may be given at any time on or before the Closing Date. Upon such termination, the Earnest Money and any interest accrued thereon shall be released to Buyer and upon such retuni, neither party will have any further rights or obligations regarding this Agreement or the Property. All the Contingencies set forth in this Agreement are specifically stated and agreed to be for the sole and exclusive benefit of the Buyer and the Buyer shall have the right to unilaterally waive any Contingency by written notice to Seller. 4. Closing. The closing of the purchase and sale contemplated by this Agreement (the "Closing ") shall occur on that date which is fifteen (15) business days after the 3