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<br />OJ(~7 <br /> <br />or willful misQonduct of ORNTIC. OIlNTIC shall not be <br />responsible for de~ermining the amount of the proceeds <br />.deposited with i~ nor shall it be responsible for any lOBS of <br />funds occasioned by the acts or omissions of any person not a <br />party to this Agreement, or because of the failure of any <br />financial institution. <br /> <br />This Exchange Agreement is intended to further the intent of <br />the parties to effect a li]ce-kind exchange of property in <br />~ompliance with section 1031 and the Regulations and is to be <br />construed consistently with that purpose. If any provision of <br />thi~ Exchange Agreement is inconsistent or contrary to that <br />purpose, not in complianoe with section 1031 or the <br />Regulations, or otherwise unenforoeable or invalid, this' <br />Agreement shall be construed to exclude or to modify said <br />provision to the extent necessary in order to sa.tisfy the <br />intended purpose of this Agreement. Whenever a reference is <br />made in this Exchange Agreement to a definition in the <br />Regulations, that definition shall control over any similar <br />definition used in ~his EXchange Agreement. . <br /> <br />Exchanger acknowledges and agrees that it has relied solely <br />upon the advice and judgment of its own independent tax <br />advisors, tax attorneys, and/o~ certified public accountants <br />as to tax consequences and implications of the transfers, <br />conveyances, assignments and exchAnges of the property under <br />the Agreement, purchase agreement and this E~change Agreement. <br />Exchanger has not relied upon any representations or advice <br />from ORNTIC regarding such tax consequences and/or <br />implications. <br /> <br />Not~ithatanding anything to the contrary contained herein or <br />in any other document e)(ecuted in connection with.. the <br />oontemplated exchange, Exchanger hereby indemnifies and holds <br />ORNTIC, its successors and assigns, harmless from and against <br />any and all liabilities, damages, suits, actions, penalties, <br />costs, claims, expenses and fee~ (including court costs and <br />reasonable attorney's feeQ), foreseen or unforeseen, incurred <br />by or asserted against ORNTIC, its successors or assigns, <br />arising out of or relating to the sale by Exchanger of the <br />Relinquished Froperty or the purchase by Exchanger of <br />Replacement Property or the e~ecution by ORNTIC of any <br />documents or instruments relating to the Relinquished <br />Property, the Replacement Property (including any attempt to <br />acquire the same), and/or any transaction contemplated herein. <br />Exohanger further indemnifies and holds ORNTIC and Furchaser, <br />their successors and assigns, harmle~s from and against any <br />and all demands, assessments, liabilities, damages, suit$, <br />actions, penalties, interest, oosts, claims, e~enses, and <br />,fees (including court coste and reasonable attorney's fees), <br /> <br />7. <br /> <br />8. <br /> <br />9. <br /> <br />-4- <br /> <br />Ul <br />