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4 <br />(A) No later than three (3) business days prior to the Closing Date, City shall <br />deposit into escrow all of the following: <br /> <br />(i) A duly executed and acknowledged Certificate of Acceptance as <br />required by Government Code Section 27281, substantially in the form attached to <br />Exhibit C; <br /> <br />(ii) The Office Parcel Grant Deed, duly executed and acknowledged; <br /> <br />(iii) If not previously delivered, a duly executed and acknowledged copy <br />of the REA; <br /> <br />(iv) A duly executed and acknowledged copy of the Declaration; and <br /> <br /> (v) Such additional duly executed instruments and documents as the <br />Escrow Agent may reasonably require to consummate the transactions <br />contemplated hereby. <br /> B. No less than one (1) business day prior to the close of escrow, City shall <br />deposit into escrow immediately available funds in the amount equal to escrow fees, <br />conveyance fees, transfer taxes and recording fees, the cost of any title policy that City <br />elects to purchase, and the outstanding balance of any sum payable to Chamber <br />pursuant to Section 13 below. <br />10. Close of Escrow. Unless this Agreement is terminated pursuant to the terms hereof <br />or extended by mutual written consent of the Parties, escrow shall close no later than the date <br />(“Closing Date”) which is _________ (___) days after the Effective Date. The Escrow Agent <br />shall close escrow by: (A) recording each of the following in the Official Records of Alameda <br />County: (i) the REA (if not previously recorded), (ii) the Chamber Property Grant Deed, (iii) the <br />Office Parcel Grant Deed, and (iv) the Declaration; (B) issuing the Title Policy and delivering <br />same to City; (C) issuing to Chamber any title policy Chamber has elected to acquire; (D) <br />delivering to City conformed copies of each of the following indicating recording information <br />thereon: (a) the REA, (b) Chamber Property Grant Deed, and (c) the Declaration; (E) delivering <br />to Chamber conformed copies of each of the following indicating recording information thereon: <br />(a) the REA, (b) Office Parcel Grant Deed, and (c) the Declaration. Possession of the Chamber <br />Property shall be delivered to City at the close of escrow. Possession of the Office Parcel shall <br />be delivered to Chamber at the close of escrow, provided however, the Chamber shall be <br />permitted to occupy the Office Parcel prior to the close of escrow pursuant to Section 26 below. <br /> <br />11. Closing Costs. City shall pay the cost of City’s title policy, and all closing costs and <br />escrow fees, recording fees, conveyance fees and transfer taxes (if any) applicable to the <br />conveyance of the Chamber Property to City and the conveyance of the Office Parcel to <br />Chamber. Chamber shall pay the cost of any title policy Chamber elects to acquire. <br />12. Prorations. At the close of escrow, the Escrow Agent shall make the following <br />prorations: (i) property taxes shall be prorated as of the close of escrow based upon the most