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3. Deed. Conditioned upon performance by Buyer hereunder, Seller <br />shall execute and deliver 'to Buyer, or to a designee named by Buyer by <br />written notice to Seller at least give (5) days before the Date of Closing, <br />a general warranty deed conveying good and clear marketable title to the <br />Premises subject only to those items waived pursuant to section 5 hereof. <br /> <br />4. Closing.' <br /> <br /> (a) Subject to the provisions of this Agreement, the deed shall <br />be delivered at 9:00 o'clock A.M., Eastern Daylight Time ("E.D.T."), <br />on July 1, 1991 '("the Date of Closing"), at the offices of the Title <br />Company, unless otherwise agreed upon in writing. <br /> <br /> (b) This Agreement shall constitute the escrow instructions to <br />'the Title Company, which may attach hereto its usual conditions of <br /> acceptance to the extent that the same are not inconsistent, with the <br /> terms hereof. In the ey~nt of any such inconsistency, the provisions <br /> hereof shall prevail.'. <br /> <br /> 5. Buyer's Review. Immediately after the Effective Date, Seller <br />shall, (a) order and cause to be delivered to Buyer as soon as possible a <br />title insurance Commitment (the "Commitment") from the Title Company in the <br />amount of the Purchase Price and an ALTA Land Title Survey (the "Survey") <br />in form and substance acceptable to the Title Company so that the Title <br />Company will remove the so-called "survey exceptions" to Schedule B of the <br />title insurance policy to be delivered at Closing, and (b) deliver to Buyer <br />all financial records, construction documents, contracts, governmental <br />approvals, and other material documents in its possession or control with <br />regard to the Premises. <br /> <br /> Buyer shall have until 5 o'clock P.M., E.D.T., on the sixtieth <br />(60th) day after the Effective Date ("the Review Period") (c) to review <br />the Commitment and the Survey; (d) to make or have made 'such reasonable <br />non-destructive inspections as it' desires of the Premises, including, <br />without limitation, the interior, exterior, and structure of all <br />improvements, and the condition of soils and subsurfaces and a Phase I <br />Environmental Site Assessment (the "Phase I Examination"); and (e) to review <br />all of Seller's documents relating to' the Premises (provided that for any <br />items which Buyer does not receive within fifteen days after the Effective <br />Date, the Review Period shall be extended for the number of days after said <br />fifteen days by which the items are not received)~ If Buyer, or Buyer's <br />source of funds for this transaction ("Lender"), has any objection to any of <br />the matters set out in (c), (d), or (e) of this section 5, or any other <br />non-credit related matters, Buyer shall notify Seller in writing of such <br />objection on or before the end of the Review Period. Any matters not <br />objected to in writing as herein provided shall be. deemed waived. If Seller <br />is unwilling or unable to correct, to Buyer's 'Complete satisfaction, all <br />defects to which Buyer has objected within 30 days after receipt of Buyer's <br />objection (provided that Seller shall be obliged to cure all mortgages <br /> <br />1014/RNS <br /> <br /> <br />