12/14/06 - AGREEMENT FOR RELEASE AND WAIVER OF LIEN, CERCLA SECTION 107(r). IN CONSIDERATION OF AND IN EXCHANGE FOR EPA'S RELEASE OF AND WAIVER OF ANY LIEN IT HAS OR MAY HAVE UNDER ECTION 107(r) OF CERCLA WITH RESPECT TO THE PROPERTY, SETTLING PURCHASER AGREES TO DEMOLISH SIT BUILDINGS WITH THE VALUE OF THE WORK BEING UP TO $130,000.
SETTLING PURCHASER SHALL TAKE ALL STEPS NECESSARY TO ACHIEVE AND MAINTAIN STATUS AS A BONA FIDE PROSPECTIVE PURCHASER AS THAT TERM IS DEFINED IN SECTION 101(40) OF CERCLA, FOR THE PROPERTY, BY WITHOUT LIMITATION, EXERCISING APPROPRIATE CARE BY TAKING REASONABLE STEPS AS SET FORTH IN SECTION 101(40)(D) OF CERCLA.
IF SETTLING PURCHASER SPENDS LESS THAN $130,000, SETTLING PURCHASER SHALL MAKE PAYMENT OF THE DIFFERENCE TO THE EPA HAZARDOUS SUBSTANCES SUPERFUND.