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4.2 From and after the Effective Date of this Agreement, County shall take no action <br /> which would impair or otherwise affect title to any portion of the Property, and shall record <br /> no documents in the Public Records which would affect title to the Property, without the <br /> prior written consent of the Buyers. <br /> 4.3 There are no existing or pending special assessments affecting the Property,which <br /> are or may be assessed by any governmental authority, water or sewer authority, school <br /> district, drainage district or any other special taxing district. <br /> 5. Default. <br /> 5.1 In the event the Buyers shall fail to perform any of its obligations hereunder, the <br /> County shall, at its sole option, be entitled to: (i)terminate this Agreement by written notice <br /> delivered to the Buyers at or prior to the Closing Date and thereupon retain the Escrowed <br /> Funds as liquidated damages. Neither the County nor any other person or party shall have <br /> any claim for specific performance, damages, or otherwise against the Buyers; or(ii)waive <br /> the Buyer's default and proceed to Closing. <br /> 5.2 In the event the County shall fail to perform any of its obligations hereunder, the <br /> Buyers shall, at its sole option, be entitled to terminate this Agreement by written notice <br /> delivered to the County at or prior to the Closing Date and thereupon neither the Buyers <br /> nor any other person or party shall have any claim for specific performance, damages or <br /> otherwise against the County; or (ii) waive the County's default and proceed to Closing. <br /> 6. Closing. <br /> 6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br /> shall take place within 30 days following the Effective Date of this Agreement. The parties <br /> agree that the Closing shall be as follows: <br /> (a) The County shall execute and deliver to the Buyers a County Deed conveying <br /> marketable title to the Property, free and clear of all liens and encumbrances and in the <br /> condition required by paragraph 3. <br /> (b) The County shall have removed all of its personal property and equipment from the <br /> Property and the County shall deliver possession of the Property to Buyers vacant and in <br /> the same or better condition that existed at the Effective Date hereof. <br /> (c) If County is obligated to discharge any encumbrances at or prior to Closing and fails <br /> to do so, Buyers may use a portion of Purchase Price funds to satisfy the encumbrances. <br /> (d) The County and the Buyers shall each deliver to the other such other documents or <br /> instruments as may reasonably be required to close this transaction. <br />