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Agmt09 Lonestar CA, Inc - CEMEX - 1402-1450 Maple St.
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Agmt09 Lonestar CA, Inc - CEMEX - 1402-1450 Maple St.
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Last modified
4/29/2011 4:39:06 PM
Creation date
6/29/2009 3:42:16 PM
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Template:
Agreement
Contractor Name
Lonestar California, Inc. also known as CEMEX
PROJECT NAME
Agrmt for Sale & Purchase APN 052-392-160, 052-392-170, 052-392-550,052-392-560
RMP File Number
304
Date
4/30/2009
MO Ref
09-079
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<br />28. Survival. Buyer's obligation to restore any damage to, or alteration of, the <br />Property resulting from its inspections shall survive termination of this Agreement for any <br />reason. <br /> <br />29. Other Forms and Disclosures. The Parties shall complete any additional forms or <br />disclosures required by applicable law or the Title Company, which mayor may not include a <br />Notice of Supplemental Property Tax Bill. <br /> <br />30. Conditions Precedent. The following shall be conditions precedent to Buyer's <br />obligation to proceed to Closing: (i) at Closing, the Title Company shall issue an AL T A policy <br />of title insurance insuring Buyer as the fee simple owner of the Real Estate, in the full amount of <br />the Purchase Price and as of Closing, subject to no Required Cure Items; (ii) Seller shall have <br />performed its obligations required by this Agreement; and (iii) the representations and warranties <br />of Seller to Buyer shall be true and correct at Closing as if specifically re-made at that time. In <br />the event of the failure of any of the foregoing conditions precedent, Buyer may terminate the <br />Agreement by written notice to Seller, in which event the Deposit shall be promptly returned to <br />Buyer. Alternatively, Buyer may keep this Agreement in effect and suspend its performance <br />under this Agreement until such conditions precedent have been satisfied. <br /> <br />31. Offer and Acceptance. Seller has executed and delivered this Agreement as of the <br />date first set forth above. Seller's execution and delivery of this Agreement to Buyer constitutes <br />an offer to sell the Property to Buyer on the terms and conditions set forth in this Agreement (the <br />"Offer"). The Offer may be accepted only by Buyer's execution of this Agreement in the <br />signature block set forth below and the delivery of this Agreement to Seller. Until such time as <br />the Offer has been accepted by Buyer, if ever, Seller shall have the right to revoke the Offer by <br />written notice to Buyer. <br /> <br />[Signature Page To Follow] <br /> <br />Redwood PSA FINAL EXECUTION 4.16.09 v.14 <br /> <br />12 <br />
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