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<br /> <br />ATTY/AGR/2020.257/REDWOOD CITY GREYSTAR PURCHASE AND SALE AGREEMENT 1306 MAIN STREET <br />REV: 12-14-2020 VR <br />Page 3 of 82 <br />8.4. Failure of Seller's Conditions. ............................................................................ 22 <br />9. CLOSING. ....................................................................................................................... 22 <br />9.1. Closing Date. ........................................................................................................ 22 <br />9.2. Closing Costs. ...................................................................................................... 22 <br />10. CLOSING DELIVERIES. ............................................................................................. 23 <br />10.1. Deliveries By Seller to Escrow. .......................................................................... 23 <br />10.2. Deliveries By Buyer............................................................................................. 24 <br />10.3. Deliveries Outside of Escrow. ............................................................................ 24 <br />10.4. Closing Procedure. .............................................................................................. 25 <br />10.5. Environmental Release. ...................................................................................... 25 <br />10.6. Real Estate Reporting Person. ........................................................................... 26 <br />11. PRORATIONS. ............................................................................................................... 26 <br />11.1. Prorations. ........................................................................................................... 26 <br />12. RISK OF LOSS. .............................................................................................................. 27 <br />12.1. Condemnation. .................................................................................................... 27 <br />12.2. Casualty. .............................................................................................................. 27 <br />13. POST CLOSING OBLIGATIONS. .............................................................................. 27 <br />13.1. Completion of Construction of the Replacement Housing Units.................... 27 <br />13.2. Letter of Credit/Guaranty. ................................................................................. 28 <br />13.3. Option to Purchase Parcel F. ............................................................................. 28 <br />14. DEFAULT. ...................................................................................................................... 28 <br />14.1. Default By Buyer. ................................................................................................ 28 <br />14.2. Default By Seller. ................................................................................................ 29 <br />15. BROKERS. ...................................................................................................................... 29 <br />15.1. Seller. .................................................................................................................... 29 <br />15.2. Buyer. ................................................................................................................... 30 <br />16. MISCELLANEOUS PROVISIONS.............................................................................. 30 <br />16.1. Governing Law. ................................................................................................... 30 <br />16.2. Entire Agreement. ............................................................................................... 30 <br />16.3. Modifications; Waiver. ....................................................................................... 30 <br />16.4. Notices. ................................................................................................................. 30 <br />16.5. Severability. ......................................................................................................... 32 <br />16.6. Successors and Assigns; Third Parties. ............................................................. 32