Laserfiche WebLink
Tenant - Seller: <br />14. CONTINGENCY. Transaction is subject to and contingent upon receipt by Buyer of the <br />duly executed Quitclaim Deed from Tenant - Seller with respect to the Tenancy Interest and the <br />Improvements. This transaction is further subject to and contingent upon approval and <br />acceptance by Buyer. <br />15. AGREEMENT TO EXECUTE. Tenant - Seller and Buyer agree to execute and file any <br />additional agreements, consents or other documents reasonably necessary to effect the full and <br />complete settlement and purchase of the Improvements and the Tenancy Interest. <br />16. AUTHORIZATION TO EXECUTE. Tenant - Seller and Buyer represent and warrant that <br />the persons executing this Agreement are duly authorized to do so and to act on behalf of <br />Tenant- Seller and Buyer respectively. <br />17. COMPROMISE IN SETTLEMENT. This Agreement is a compromise in settlement of <br />pending or potential litigation between Tenant - Seller and Buyer and shall never be treated as an <br />admission by Buyer for any purpose of liability or as to value of any property or claim. <br />18. SURVIVAL OF RIGHTS AND OBLIGATIONS. Notwithstanding the releases <br />contained herein and agreement concerning this transaction, all the rights and obligations created <br />under and pursuant to this Agreement shall survive the execution of the Agreement, the releases <br />contained herein and the Closing of this transaction. <br />19. WARRANTIES, REPRESENTATIONS AND COVENANTS OF TENANT- SELLER. <br />Tenant- Seller hereby warrants, represents, and /or covenants to Buyer that: <br />A. To the best of Tenant - Seller's knowledge, there are no actions, suits, material <br />claims, legal proceedings, or any other proceedings affecting the Improvements, <br />the Tenancy Interest or any portion thereof, at law or in equity, before any court <br />or governmental agency. <br />B. Until the Closing, Tenant- Seller shall maintain the Improvements and the <br />Premises in good condition and state of repair and maintenance, and shall perform <br />all of its obligations under any service contracts or other contracts affecting the <br />Improvements and the Premises. <br />C. Until the Closing, Tenant - Seller shall not do anything which would impair <br />Tenant - Seller's title to the Premises, the Improvements or the Tenancy Interest. <br />D. All utilities including gas, electricity, water, sewage, and telephone, are available <br />to the Premises, and to the best of Tenant - Seller's knowledge, all such items are <br />in good working order. <br />E. To the best of Tenant - Seller's knowledge, neither the execution of this Agreement <br />nor the performance of the obligations herein will conflict with, or violate any of <br />the provisions of any bond, note, evidence of indebtedness, contract, lease, or <br />other agreement or instrument to which Tenant - Seller, the Premises, the <br />Improvements or the Tenancy Interest may be subject. <br />4 <br />