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<br />(and any Steadfast Supplemental Report) shall be referred to as "Steadfast Permitted
<br />Exceptions." Steadfast shall in any event be required to discharge and remove any and all liens
<br />affecting the Steadfast Land which secure an obligation to pay money (other than installments of
<br />real property taxes and assessments not delinquent as of the Closing).
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<br />(b) Reports and Appraisals. Steadfast shall provide City with any and
<br />all appraisals, reports, and results of any investigations that are in Steadfast's possession and
<br />control, including, but not limited to, any and all environmental audits in Steadfast's possession
<br />and control, as of the date on which this Agreement is executed. Such appraisals, reports and
<br />results shall be provided to City within ten (10) days after the Execution Date. In the event that
<br />Steadfast acquires additional appraisals, reports or results after the date on which this Agreement
<br />is executed, Steadfast shall provide such items to City such within fifteen (15) days after
<br />Steadfast has received them.
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<br />( c) Inspection bv Citv . City and its designees and consultants shall
<br />have the right to enter and inspect the Steadfast Property. City shall provide Steadfast at least
<br />one Business Day's prior notice to access the Steadfast Property. Such inspections may include,
<br />without limitation, an environmental investigation (including, without limitation, subsurface
<br />borings and samplings) and any and all other investigations, inspections and other due diligence
<br />activities that City deems appropriate, in its sole and absolute discretion. At least one (I)
<br />Business Day prior to initial entry on the Steadfast Property by City, its designees, agents,
<br />employees, consultants, contractors or subcontractors, as applicable, City shall deliver to
<br />Steadfast certificates or other written confirmation satisfactory to Steadfast showing that (i) City
<br />has in effect a comprehensive general public liability insurance policy including, but not limited
<br />to, owned and non-owned vehicle liability, personal injury, blanket contractual, broad form
<br />property damage liability coverage covering any and all liability of City with respect to or arising
<br />out of any work to be performed by City under this Agreement with limits of not less than One
<br />Million Dollars ($1,000,000) per occurrence for bodily injury, personal injury and property
<br />damage liability, and (ii) Steadfast has been named as an additional insured on such insurance
<br />policies (except with respect to the workers' compensation policy). City agrees that any and all
<br />Inspections of the Steadfast Property shall be made at City's sole risk and without unreasonable
<br />interference with Steadfast's operations. City agrees to keep the Steadfast Property free and clear
<br />of any liens resulting from any such Inspections. City covenants and agrees that the foregoing
<br />insurance requirements shall also apply to and cover any and all entry and activities that may be
<br />conducted on the Steadfast Property by the City, its designees, agents, employees, consultants,
<br />contractors and subcontractors in conjunction with the Parking Lot construction prior to the
<br />Closing Date.
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<br />(d) Citv's Indemnification. City shall hold harmless, defend and
<br />indemnify Steadfast from all liability, costs (including, without limitation, reasonable attorneys'
<br />fees), damages and claims arising from entry and/or activities on the Steadfast Property by City,
<br />its designees, agents, employees, consultants, contractors and subcontractors, including, but not
<br />limited to any and all entry and activities that may be conducted on the Steadfast Property by the
<br />City, its designees, agents, employees, consultants, contractors and subcontractors in conjunction
<br />with the Parking Lot construction prior to the Closing Date. Excluded from this indemnification
<br />and hold harmless are any liability, costs, damage or claims (including, without limitation,
<br />claims that the Steadfast Property has declined in value) which are related to (A) pre-existing
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