2021-08-11 CC Packet - Laserfiche WebLink

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agree to transfer the obligations and conditions set forth in this subparagraph into a future Developers Agreement between the parties. nd warranties survive Closing. Seller will defend, indemnify and hold Buyer harmless from any claims arising o warranties. 4. CONDITIONS PRECEDENT. A. Pre-Closing Conditions. Unless otherwise set forth herein, the obligations of Buyer under this Agreement are expressly contingent upon the satisfaction of each of the following conditions to be satisfied or waived Pre- Closing Conditions on or before one hundred eighty (180) days from the Effective Date , as may be extended pursuant to Sections 4.A(ii) or 17: (i) Due Diligence. Buyer may perform, at its sole cost and expense, examinations and inspections relative to the economic and physical feasibility of the Real Property as Buyer determines in its sole and absolute discretion, including, without limitation, engineering studies, wetland delineation, market analysis, financial feasibility analysis including the availability of financing, and Seller agrees to promptly provide Buyer with all readily available property information to assist in If such Tests reveal any condition or circumstances which Buyer finds has the right and option to terminate this Agreement by written notice delivered to Seller on or before the Condition Date as set forth herein, at which time the Earnest Money will be refunded to Buyer, and this Agreement will be of no further force or effect. (ii) Documents. Within five (5) days of the Effective Date, Seller will provide to Buyer all the Real Property, including, without limitation, any municipal or governmental approvals for the Real Property, any notices or correspondence from any governmental agency, resolutions, agendas, staff reports, studies, analysis, tax statements, permits, soil reports, environmental assessment, leases, surveys, t to the Minnesota Data Practices Act. (iii) Construction Financing. Buyer determines that competitive lending intended use of the Real Property, under terms and conditions acceptable to Buyer in its sole and absolute discretion. (iv) Approvals. all Approvals (as that term is defined herein) Buyer deems necessary from the City and any other applicable ll under terms and conditions acceptable to Buyer in its sole discretion, including, without limitation: (a) approval of the re-zoning, planned unit development or conditional 4