Laserfiche WebLink
(i) have been authorized, executed, and delivered by Seller; <br />(ii) are binding obligations of Seller; <br />(iii) are collectively sufficient to transfer all of Seller's rights to the Property; and <br />(iv) do not violate the provisions of any agreement to which Seller is a party or which <br />affects the Property; subject, however, to applicable bankruptcy, insolvency, and other <br />similar laws affecting the enforcement of creditors' rights and to principles of equitable <br />remedies. <br />(b) Purchaser warrants that this Agreement and all other documents delivered prior to or on the <br />Close of Escrow: <br />(i) have been authorized, executed, and delivered by Purchaser; <br />(ii) are binding obligations of Purchaser; and <br />(iii) do not violate the provisions of any agreement to which Purchaser is a party; subject, <br />however, to applicable bankruptcy, insolvency, and other similar laws for enforcement of <br />creditors' rights and to principles of equitable remedies. <br />(c) The parties warrant that the persons executing this Agreement on their behalf are authorized to <br />do so, and on execution of this Agreement, this Agreement shall be valid and enforceable against <br />Purchaser or Seller in accordance with this Agreement. <br />Section 15. Brokers <br />Each party warrants and represents to the other that no brokers have been retained or consulted <br />in connection with this transaction. Each party agrees to defend, indemnify, and bold harmless the other <br />party from any claims, expenses, costs, or liabilities arising in connection with a breach of that party's <br />representations, warranties, or covenants under this Agreement. <br />Section 16. Assignment <br />Purchaser shall have no right to assign any rights and liabilities under this Agreement to any party. <br />Section 17. Attorney Fees <br />If litigation is commenced between the parties, the Prevailing Party in that litigation shall be entitled <br />to recover from the nonprevailing party all reasonable attorney fees and costs. "Prevailing Party" shall <br />include without limitation a party who dismisses an action in exchange for sums allegedly due; the party <br />who receives performance from the other party for an alleged breach of contract or a desired remedy <br />where the performance is substantially equal to the relief sought in an action; or the party determined to be <br />the prevailing party by a court of law. <br />Section 18. Notices <br />All notices to be given under this Agreement shall be in writing and sent by <br />(a) certified mail, return receipt requested, in which case notice shall be deemed delivered three <br />(3) business days after deposit, postage prepaid in the United States Mail, <br />6 <br />