2.7 Conditions to Seller’s Obligations . The Closing and Seller’s obligations to consummate the transaction contemplated by this Agreement are subject to the satisfaction of the following conditions (or Seller’s waiver thereof) which are for Seller’s sole benefit, on or prior to the dates designated below for the satisfaction of such conditions, or the Closing in absence of a specified date: 2.7.1 Purchaser’s Obligations . As of the Closing, Purchaser shall have timely performed all of the obligations required by the terms of this Agreement to be performed by Purchaser; and 2.7.2 Purchaser’s Representations . As of the Closing, all representations and warranties made by Purchaser to Seller in this Agreement shall be true and correct as of the Closing. 2.8 Conditions to Purchaser’s Obligations . The Closing and Purchaser’s obligations to consummate the transaction contemplated by this Agreement are subject to the satisfaction of the following conditions (or Purchaser’s waiver thereof) which are for Purchaser’s sole benefit, on or prior to the dates designated below for the satisfaction of such conditions, or the Closing in absence of a specified date: 2.8.1 Seller’s Obligations . As of the Closing, Seller shall have timely performed all of the obligations required by the terms of this Agreement to be performed by Seller; and 2.8.2 Seller’s Representations . As of the Closing, all representations and warranties made by Seller to Purchaser in this Agreement shall be true and correct as of the Closing. If and to the extent that any condition to Purchaser’s obligation to consummate the purchase of the Property fails to be satisfied, then Buyer may either (a) waive such condition and proceed with the Closing, or (b) terminate the Agreement in which event neither party shall have any further obligation to the other party. 2.9 Covenants . Prior to the Closing or termination of this Agreement, 2.9.1 Seller agrees: (a) Seller will not enter into any new lease agreements, license agreements or similar agreements with respect to the Surplus Property, (b) Seller will not encumber the Surplus Property, (c) enter into any maintenance or service agreement that will survive the Closing and (d) construct any new improvements on the Surplus Property; and 2.9.2 Purchaser covenants to prosecute the new Prop. Wall and installation of wrought iron gates and fence panels diligently and to complete all such work in a workmanlike manner, maintaining the Property and the Surplus Property in a clean, neat and lien free condition. ARTICLE 3 REVIEW PERIOD 3.1 Purchaser’s Review Period . Purchaser’s Review Period (“Review Period”) shall expire twenty-five (25) days after the execution of this Agreement, unless terminated earlier by
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