AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

Browse Search

7.A. - Page 87 of 176 TABLE OF CONTENTS Page ARTICLE I PURCHASE AND SALE....................................................................................... 3 Section 1.1 Purchase and Sale...................................................................................... 3 Section 1.2 Acquisition Price........................................................................................ 3 Section 1.3 Initial Acquisition Price and Balance Payment Schedule .......................... 3 Section 1.4 Limitation of Liability; No Pledge of City Taxing Power or General Fund Revenues............................................................................. 4 ARTICLE II COMPLETION OF SALE.................................................................................. 4 Section 2.1 Place and Date............................................................................................ 4 ARTICLE III TITLE TO THE LEVEE ASSETS.................................................................... 4 Section 3.1 Levee Assets.............................................................................................. 4 ARTICLE IV REVIEW OF THE LEVEE ASSETS................................................................ 5 Section 4.1 Delivery of Documents.............................................................................. 5 Section 4.2 City Inspection Rights................................................................................ 5 ARTICLE V REPRESENTATIONS AND WARRANTIES ................................................... 6 Section5.1 Seller.......................................................................................................... 6 Section5.2 City............................................................................................................. 7 Section 5.3 Discovery of Inaccuracy............................................................................ 8 ARTICLE VI SELLER COVENANTS REGARDING LEVEE ASSETS ............................. 8 Section6.1 Seller.......................................................................................................... 8 ARTICLE VII DISCLAIMERS............................................................................................... 12 Section 7.1 Limited Reliance on Due Diligence Documents ..................................... 12 Section 7.2 As -is Sale; Disclaimers............................................................................ 12 ARTICLE VIII CONDITIONS PRECEDENT...................................................................... 12 Section8.1 Seller........................................................................................................ 12 Section8.2 City........................................................................................................... 13 ARTICLEIX CLOSING.......................................................................................................... 14 Section 9.1 Procedure................................................................................................. 14 Section9.2 Possession................................................................................................ 15 Section 9.3 Closing Costs........................................................................................... 15 Exhibit C i OAK #4846-4218-3288 v1 5 05674-0058 269