CCP 07-21-1997 - Laserfiche WebLink

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I Purchase Price at Closing, a default for which no notice is required), then Seller may terminate I this Agreement and either (i) retain the Earnest Money as liquidated damages and both parties .. shall be released from any further liability hereunder except for the indemnification provisions of Section 18 hereof, or (ii) seek an action for speci fic performance against Purchaser to enforce the provisions ofthis Agreement. In addition, the Seller shall be entitled to pursue such other rights I and remedies which Seller may have at law or in equity by reason of Purchaser's default. (B) In the event Seller fails to comply with any or all of the obligations, covenants, I warranties or agrecments to be performcd, honored or observed by Seller under and pursuant to the terms and provisions of this Agreement, and such default is not cured within fifteen (15) days after notice thereof from Purchaser, then Purchaser may either (i) terminate this Agreement, in I which event the Earnest Money shall be refunded to Purchascr and both parties shall be released from any further liability hereunder, or (ii) seek an action for specific performance against Seller to enforce the provisions of this Agreement. In addition, the Purchaser shall be entitled to pursue I such other rights and remedies which Purchaser may have at law or in equity by reason of Seller's default. (C) The failure of either party to act upon a default of the other in any of the terms, I conditions or obligations under this Agreement shall not be deemed a waiver of any subsequent I breach or default under the terms, conditions or obligations hereof by such defaulting party. 15. NOTICES. .. All notices, consents and other communications herein required or which either party desire to give to the other ("Notices") shall be in writing and personally delivered or sent by I registered or certified mail or by overnight delivery service, postage prepaid, return receipt requested and shall be mailed to the parties at the respective addresses as provided below: If to Seller: City of Arden Hills I 1450 West Highway 96 I Arden Hills, Minnesota 55112 Attn: City Administrator I I I I .. to I