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Agmt19 YMCA of Sillicon Valley Master Project Agmt.
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Agmt19 YMCA of Sillicon Valley Master Project Agmt.
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Last modified
3/29/2022 12:41:49 PM
Creation date
3/25/2022 1:07:48 PM
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Agreement
Contractor Name
YMCA of Sillicon Valley
PROJECT NAME
Purchase and Sale Agreement
RMP File Number
304.5
Date
3/18/2022
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and roof inspection; and review of such other matters pertaining to an investment in the Property <br />as Buyer deems advisable. In addition to the Due Diligence Documents delivered to Buyer <br />pursuant to Section 3.2, Buyer and its representatives shall have the right of access during <br />reasonable business hours to all files, books and records maintained by Seller or its agents, <br />wherever located, relating to the Property, including the right to copy the same. Buyer and its <br />representatives shall also have the right of access to the Property during reasonable business <br />hours to conduct its investigation of the physical condition of the Property. Seller agrees that the <br />rights granted to Buyer herein and the results of its Due Diligence Investigation shall not relieve <br />Seller of any obligations Seller may have under any other provisions of this Agreement, or under <br />other documents entered into concurrently herewith, or implied by law, nor shall they constitute <br />a waiver by Buyer of the right to enforce any of the same. Seller shall cooperate with Buyer in <br />its due diligence activities and provide reasonable access to the Property, its records, or provide <br />information so long as it is within Seller's control. <br />DelivM of Due Diligence Documents. Within Ninety (90) days after the Effective Date, <br />Seller shall deliver to Buyer, at Seller's expense, all of the documents described in the remaining <br />subsections of this Section 3.2 (collectively, the "Due Diligence Documents") if such Due <br />Diligence Documents are in Seller's possession or control. <br />Title Report_ and Survey. A preliminary title report or commitment for title <br />insurance (the "Preliminary Title Report"), dated no earlier than ten (10) days before the <br />Effective Date, covering the Property and issued by a title insurance company or companies <br />acceptable to Buyer (the "Title Company"), together with a legible copy of each document, map <br />and survey referred to in the Preliminary Title Report. Buyer, at Buyer's sole cost, may obtain <br />an as -built survey of the Property (the "Survey") prepared by a certified land surveyor in <br />accordance with the most recent American Land Title Association standards, certified by such <br />surveyor to Buyer and the Title Company; <br />Plans. Copies of all as -built plans and specifications for the Improvements, <br />including without limitation the plans and specifications for and a complete description of all <br />existing renovations and improvements to the Property and all rentable space therein, and as - <br />built drawings for all underground utilities (collectively, the "Plans"); <br />Soils Repo_rt. Any soils report on the Land prepared at Seller's request or in the <br />possession or control of Seller, including (if available) a report on compliance with any soils <br />work recommended to be done prior to construction of the Improvements; <br />Engineers' Reports. Any structural, mechanical, environmental or geological <br />reports concerning the Property which have been prepared at Seller's request or which are within <br />Seller's possession or control; <br />Inspection Reports. Copies of all written reports received by Seller within <br />Three (3) years prior to the Effective Date from Seller's insurance companies, any governmental <br />agency or any other person or entity, which requires or demands correction of any condition, or <br />requests modification in or termination of any uses of the Property, accompanied by Seller's <br />summary of (a) any oral reports from such insurance companies or governmental agencies, and <br />(b) the present status of any matter noted in any oral or written report, any asbestos assessments <br />or reports or Phase 1 investigations. <br />ATTY/AGR/2019.316/YMCA MASTER PROJECT AGREEMENT <br />Page 79 of 108 <br />
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