Agmt 2013 San Leandro Chamber of Commerce

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