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deliver to Buyer all inventories of supplies on hand at the Premises owned <br />by Seller, if any, at no additional cost to Buyer. <br /> <br /> On the Date of Closing, Seller shall execute in favor of Buyer <br />an assignment of the maintenance and service contracts listed on Exhibit C <br />hereto, and Buyer shall thereupon assume, take over, and perform all such <br />maintenance and service contracts, and.Buyer shall execute an acceptance of <br />assignment with respect to such maintenance and service contracts. <br /> <br /> On or before the last day of the. Review Period, Buyer may object <br />to any management agreements or leases, and Seller shall cause all such <br />agreements or leases to which Buyer has objected to be terminated as of the <br />Date of Closing. All such agreements and leases not so objected to shall be <br />included in the assignment, and assumption agreement described in the <br />preceding paragraph. <br /> <br /> 11. Bill of Sale. On the Date of Closing, Seller shall deliver to <br />Buyer a bill of sale, assigning and transferring to Buyer all of the right, <br />title, and interest of Seller in and to all tangible personal property, if <br />any, owned by Seller and located upon the Premises. <br /> <br /> 12. Assignment of Warranties. On the Date of Closing, Seller <br />shall deliver to Buyer an assignment of all warranties and guaranties of <br />contractors, suppliers and materialmen received by Seller in connection with <br />the construction or maintenance of the parking garage or other improvements <br />and the acquisition of any personal property. <br /> <br /> 13. costs. Ail closing costs, including without limitation real <br />estate transfer taxes, personal property sales taxes, if any, recording <br />fees, the costs of obtaining a binder or commitment from a title insurance <br />company, the premium for Buyer's title insurance policy in the amount of the <br />Purchase Price, and the cost of the survey, shall be paid by Seller. Seller <br />shall be responsible for all brokers' commissions, except as otherwise set <br />forth in section 15 hereof. Seller shall also pay for and be responsible <br />for the cost of the Phase I Examination, up to a maximum cost of $5000.00. <br />Buyer and Seller shall each be responsible for their own attorneys' fees and <br />one-half the cost of the escrow fee. <br /> <br /> 14. Casualty or Condemnation. If the parking garage or other <br />improvements on the Premises are damaged or destroyed, in whole or in part, <br />by fire or other cause, if any portion of the .Premises becomes the subject <br />of a condemnation proceeding, prior to the Date of Closing hereunder, Buyer <br />may, at its option, terminate this Agreement, and the Deposit shall be <br />refunded; and thereafter neither party shall have any further obligation or <br />liability to the Other by virtue of this Agreement except as otherwise <br />expressly provided herein. <br /> <br /> 15. Broker's Commission. Buyer and Seller each hereby warrants <br />and represents to the other that it has dealt with no broker or finder in <br /> <br />1014/RNS <br /> <br /> <br />