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Agmt04 Family Services Agency
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Agmt04 Family Services Agency
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Last modified
7/5/2005 2:50:16 PM
Creation date
8/19/2004 10:53:22 AM
Metadata
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Template:
Agreement
Contractor Name
Family Services Agency
PROJECT NAME
purchase & sale of 707 Bradford Street
RMP File Number
405
Date
8/10/2004
MO Ref
RD-04-14
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<br />with the Escrow Holder as may be necessary for the conveyance of the Property in accordance <br />with the terms of this Agreement. <br /> e. Buyer shall deposit with Escrow Holder prior to the Scheduled Closing <br />Date Buyer's funds necessary to consummate the transaction described in this Agreement. <br /> f. Seller shall deposit with Escrow Holder prior to the Scheduled Closing <br />Date, Seller's Grant Deed, duly executed and acknowledged, conveying the Property to Buyer. <br /> g. Each party shall deposit with Escrow Holder a duly executed original of <br />the Assignment and Assumption of Contracts <br /> h. Escrow shall close on the Scheduled Closing Date. <br />8. Property Documents. Within three (3) business days after the Agreement Date, <br />Seller shall deliver the following documents to Buyer, to the extent the same are in Seller's <br />possessIOn: <br /> a. Preliminary Title Report covering the Property, issued by Title Company, <br />together with copies of the exceptions listed therein; <br /> b. Soils reports, environmental reports, and similar reports regarding the <br />Property; <br /> c. The most recent available property tax bill for the Property; and <br /> d. All service, maintenance and other contracts in effect with respect to the <br />Property. <br /> Buyer and its representatives shall hold in strictest confidence all data and <br />information obtained with respect to Seller or the Property whether obtained before or after the <br />execution and delivery of this Agreement, and shall not disclose the same to others; provided <br />however, that it is understood and agreed that Buyer may disclose such data and information to <br />the employees, lenders, consultants, accountants and attorneys of Buyer provided that such <br />persons agree to treat such data and information confidentially. <br />9. Right of Entry for Investigation. <br /> a. Buyer and its agents may enter the Property at any time or times beginning <br />on the Agreement Date for the purpose of investigating the matters enumerated in paragraph <br />11.( 1), and Seller hereby grants Buyer a license from and after the Agreement Date for the <br />duration of this Agreement to so enter the Property; provided, however, such license shall not <br />extend to the conduct of any drilling or soil sampling unless Buyer first obtains Seller's written <br />consent, which consent may be subject to such conditions as Seller may reasonably require but <br />will not otherwise be unreasonably withheld or delayed. Buyer shall give Seller advance written <br />notice of the time of desired entry and of the name of each consultant, and Seller shall have the <br />right to (i) have a representative of Seller present and (ii) approve or reject such consultant on <br />commercially reasonable grounds. Neither Buyer nor its agents shall disrupt Seller's activities <br />on the Property. Subject to the other terms and provisions of this paragraph 9, Buyer may at its <br />sole cost and expense conduct environmental and physical condition testing including a Phase I <br />inspection, geotechnical inspections, hydrology studies and/or other soils studies of the Property. <br />Prior to the Close of Escrow, or unless as required by law, Buyer shall not, without the prior <br />written approval of Seller, publish or otherwise disclose to others, or permit the use by others of <br />any report or information (collectively "Information") obtained with respect to the environmental <br />condition of the Property. Buyer shall carefully restrict access to the Information to those of its <br />11417.00002\BGLIBl\1225060.5 3 <br /> ~ T· ! ' - <br />
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