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5.A. - Page 278 of 302 <br />281 <br />8.2. Failure of Buyer's Conditions............................................................................ <br />16 <br />8.3. Seller's Conditions.............................................................................................. <br />17 <br />8.4. Failure of Seller's Conditions............................................................................. <br />18 <br />9. <br />CLOSING........................................................................................................................18 <br />9.1. Closing Date......................................................................................................... <br />18 <br />9.2. Closing Costs....................................................................................................... <br />19 <br />10. <br />CLOSING DELIVERIES.............................................................................................. <br />19 <br />10.1. Deliveries By Seller to Escrow........................................................................... <br />19 <br />10.2. Deliveries By Buyer............................................................................................. <br />20 <br />10.3. Deliveries Outside of Escrow............................................................................. <br />20 <br />10.4. Closing Procedure............................................................................................... <br />21 <br />10.5. Environmental Release....................................................................................... <br />21 <br />10.6. Real Estate Reporting Person............................................................................ <br />22 <br />11. <br />PRORATIONS................................................................................................................22 <br />11.1. Prorations............................................................................................................22 <br />12. <br />RISK OF LOSS............................................................................................................... <br />23 <br />12.1. Condemnation.....................................................................................................23 <br />12.2. Casualty...............................................................................................................23 <br />13. <br />POST CLOSING OBLIGATIONS............................................................................... <br />23 <br />13.1. Completion of Construction of the Replacement Housing Units .................... <br />23 <br />13.2. Letter of Credit/Guaranty.................................................................................. <br />24 <br />13.3. Option to Purchase Parcel F.............................................................................. <br />24 <br />14. <br />DEFAULT.......................................................................................................................24 <br />14.1. Default By Buyer................................................................................................. <br />24 <br />14.2. Default By Seller................................................................................................. <br />25 <br />15. <br />BROKERS.......................................................................................................................25 <br />15.1. Seller.....................................................................................................................25 <br />15.2. Buyer....................................................................................................................26 <br />16. <br />MISCELLANEOUS PROVISIONS.............................................................................. <br />26 <br />16.1. Governing Law.................................................................................................... <br />26 <br />16.2. Entire Agreement................................................................................................ <br />26 <br />16.3. Modifications; Waiver........................................................................................ <br />26 <br />1199\11\2925009.5 <br />ATTY/AGR/2020.257/REDWOOD CITY GREYSTAR PURCHASE & SALE AGREEMENT 1306 MAIN ST <br />REV: 11-05-2020 VR <br />281 <br />