13B Action Items - Laserfiche WebLink

Home

BMDV-54329\2647924.2 Put Option Agreement - 14 - 8.5.3 An Owner’s Affidavit to the Title Company on Title Company’s standard form; 8.5.4 Such other documents as may be reasonably required by the Title Company or as may be agreed upon by Beam and City/Agency to consummate the purchase of the Property as contemplated by this Put Option Agreement, including without limitation, any documents necessary to transfer any of the City Discretionary Entitlements (to the extent any such transfer is allowable under applicable laws and regulations), and a duly executed reciprocal easement agreement or license agreement in a form mutually acceptable to the Parties that provides for reciprocal use and access to and from the parking lots located on the Property; 8.5.5 Two (2) duly executed counterparts of the Closing Statement; and 8.5.6 Keys to all entrance doors in the Improvements, properly tagged for identification, and, to the extent in Beam's possession, all operating manuals relating to operation of the equipment and systems which are part of the Property (if any). 8.6 City/Agency’s Closing Documents and Other Items. Except as set forth above, at least one (1) business day prior to the Closing, City/Agency shall deposit into Escrow the following items: 8.6.1 Such funds as are necessary to close this transaction; 8.6.2 The Grant Deed, duly executed and acknowledged on the “Acceptance” page thereof; 8.6.3 Such other documents as may be reasonably required by the Title Company or as may be agreed upon by Beam and City/Agency to consummate the purchase of the Property as contemplated by this Put Option Agreement, including, without limitation, any documents necessary to transfer any of the City Discretionary Entitlements (to the extent any such transfer is allowable under applicable laws and regulations), and a duly executed reciprocal easement agreement or license agreement in a form mutually acceptable to the Parties that provides for reciprocal use and access to and from the parking lots located on the Property; and 8.6.4 Two (2) duly executed counterparts of the Closing Statement. 8.7 Prorations and Closing Costs. 8.7.1 Prorations. (a) General. For purposes of calculating prorations, City/Agency shall be deemed to be in title to the Property, and therefore entitled to the income and responsible for the expenses, for the entire day upon which the Close of Escrow occurs. (b) Taxes and Assessments. Real estate taxes and any installment payments on account of assessments and/or bonds applicable to the Site or any part thereof shall not be prorated. The Property will be exempt from all such taxes and assessments from and after the Close of Escrow. Beam shall be responsible for payment of all real estate