RDA Agmt 2009 Norcal AL LLC - Laserfiche WebLink

Home

(i) a duly executed Certificate of Acceptance in the form shown in Exhibit B, as required by California Government Code Section 27281; and (ii) such additional duly executed instruments and documents as the Escrow Agent may reasonably require to consummate the transaction contemplated hereby. (B) No less than one (1) business day prior to the close of escrow, Buyer shall deposit into escrow immediately available funds in the amount equal to: (ii) one-half of all escrow fees; (iii) all recording fees; and (iv) the cost of the Title Policy. (C) Deposit of the Purchase Price is addressed in Section 2.1. 8. Close of Escrow. The Parties intend to close escrow within sixty (60) days following the Contingency Satisfaction Date, provided that the Demolition Work has been completed by such date, unless this Agreement is terminated pursuant to the terms hereof or extended by mutual agreement of the Parties, or extended pursuant to Sections 3.2, 11, 12 or 15. The Escrow Agent shall close escrow by: (i) causing the Grant Deed to be recorded in the official records of Alameda County, California; (ii) issuing the Title Policy and delivering same to Buyer; (iii) delivering to Seller the monies constituting the Purchase Price less prorated amounts and charges to be paid by or on behalf of Seller; and (iv) delivering to Buyer a conformed copy of the Grant Deed indicating recording information thereon. Possession of the Property shall be delivered to Buyer at the close of escrow. 9. Closing Costs. Each Party shall pay one-half (1/2) of all escrow fees. Seller shall pay all Alameda County transfer taxes and fees (if any). Buyer will pay all recording fees and the cost of the Title Policy. 10. Prorations. At the close of escrow, the Escrow Agent shall make the following prorations: (i) property taxes shall be prorated as of the close of escrow based upon the most recent tax bill available, including any property taxes which may be assessed after the close of escrow but which pertain to the period prior to the transfer of title to the Property to Buyer, regardless of when or to whom notice thereof is delivered; and (ii) any bond or assessment that constitutes a lien on the Property at the close of escrow shall be assumed by Buyer. 11. Buyer's Conditions to Closing. Subject to Seller's cure rights set forth below, the close of escrow and Buyer's obligation to purchase the Property are conditioned upon satisfaction (or Buyer's waiver, exercisable in Buyer's sole discretion) of each of the following: (i) the performance by Seller of each obligation to be performed by Seller under this Agreement (including without limitation completion of the Demolition Work in accordance with Section 3~2) within the applicable time period or the waiver by Buyer of such obligation; (ii) Seller's representations and warranties contained in this Agreement being true and correct as of the 1225087-5 5