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- 200UU1083 <br /> the Owner) all documents which are necessary to close the sale of the <br /> Property Interest. <br /> 5. Promptly upon receipt by the Nominee of the net proceeds from <br /> the sale of the Property interest, the Nominee shall remit such net proceeds <br /> to the Owner accompanied by statements setting forth the gross proceeds <br /> and all related costs and expenses deducted therefrom. <br /> 6. The Owner shall indemnify and hold the Nominee harmless against <br /> any loss or liability resulting from any claim asserted against the Nominee by <br /> reason of his acting pursuant to and in accordance with the terms, <br /> provisions, and conditions of this Agreement. In no event shall the Nominee <br /> be considered or treated as the owner of the Property Interest for the <br /> purpose of environmental liability. <br /> 7. The Owner may terminate this Agreement at any time by giving <br /> written notice to the Nominee. Termination shall be effective upon the <br /> receipt of such written notice. All action taken by the Nominee pursuant to <br /> the terms of this Agreement before receipt of the termination notice shall be <br /> valid and binding upon Owner. Additionally, this Agreement shall terminate <br /> in the event that the contemplated sale of the Property Interest identified in <br /> Paragraph 1 does not close. Upon termination of this Agreement, the <br /> Nominee shall immediately convey and transfer to the Owner, or any agent <br /> or nominee designated by the Owner, title to the Property Interest. Unless <br /> 3 <br />