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have no claim for specific performance, damages, or otherwise against the County; or (ii) <br />waive the County's default and proceed to Closing. <br />6.2 In the event the Seller 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 Seller at or prior to the Closing Date and thereupon neither the County nor <br />any other person or party shall have any claim for specific performance, damages or <br />otherwise against the Seller; or (ii) obtain specific performance of the terms and conditions <br />hereof; or (iii) waive the Seller's default and proceed to Closing: <br />7. Closing. <br />7.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") <br />shall take place within 45 days following the execution of the contract by the Chairman of <br />the Board of County Commissioners. The parties agree that the Closing shall be as <br />follows: <br />(a) The Seller shall execute and deliver to the County a warranty deed conveying <br />marketable title to the Property, free and clear of all liens and encumbrances and in <br />the condition required by paragraph 4. <br />(b) If Seller is obligated to discharge any encumbrances at or prior to Closing <br />and fails to do so, County may use a portion of Purchase Price funds to satisfy the <br />encumbrances. <br />(c) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the <br />County an affidavit, in a form acceptable to the County, certifying that the Seller and <br />any interest holders are not subject to tax under the Foreign Investment and Real <br />Property Tax Act of 1980. <br />(d) The Seller and the County shall each deliver to the other such other <br />documents or instruments as may reasonably be required to close this transaction. <br />7.2 Taxes. All taxes and special assessments which are a lien upon the property on or <br />prior to the Closing Date (except current taxes which are not yet due and payable) shall be <br />paid by the Seller. <br />8. Personal Property. <br />8.1 The Seller shall have removed all of its personal property, equipment and trash from <br />the Property. The Seller shall deliver possession of the Property to County vacant and in <br />the same or better condition that existed at the Effective Date hereof. <br />9. Closing Costs; Expenses. <br />9.1 County shall be responsible for preparation of all Closing documents. <br />