Laserfiche WebLink
Sellers' obligations hereunder and that the joinder of no person or entity other than Sellers will be <br /> necessary to convey the Properties in the condition provided in this Agreement to Buyers on <br /> Closing. <br /> 5.4 Compliance with Agreements. The execution and delivery of this Agreement, the <br /> consummation of the transaction herein contemplated and the compliance with the terms of this <br /> Agreement will not conflict with, with or without notice or the passage of time, or both, result in a <br /> breach of any of the terms or provisions of or constitute a default under any indenture, mortgage, <br /> loan agreement or instrument to which Sellers is a party or by which Sellers or Sellers'property is <br /> bound, any applicable governmental regulation or any judgment, order or decree of any court <br /> having jurisdiction over Sellers or Sellers' properties which relate to the Properties. <br /> 5.5 Notices Regarding Improvements. As of the date hereof, Sellers have received no <br /> notice, order or other communication from any governmental body having jurisdiction over the <br /> Properties requiring any improvement to or alteration of the Properties. Sellers shall give Buyers <br /> prompt written notice if any notice order or communication is received prior to the Closing Date. <br /> Upon receipt of such information, Buyers shall have the option to terminate this Agreement, if <br /> Buyers deems such notice, order or communication to be material. Notwithstanding any provision <br /> herein to the contrary, upon such termination all Earnest Money shall be refunded to Buyers. <br /> 5.6 Future Agreements. Until the Closing or earlier termination of this Agreement, <br /> without Buyers' written consent, Sellers agree not to enter into additional leases or amend any of <br /> the Leases (unless such lease or amendment is terminable by Landlord upon sixty(60) days notice), <br /> or material agreements or contracts relating to the Properties. Sellers agree to give Buyers written <br /> notice of any potential new lease or amendment prior to entering into such lease or amendment. In <br /> addition,prior to entering into any new lease or any amendment to any existing lease, Sellers agree <br /> to disclose in writing to any proposed tenant, the existence of this Contract and Buyers' rights <br /> hereunder. <br /> 5.7 Assessments. Sellers warrant that they have no 1.1 'wledge of any planned <br /> improvements which may result in special assessments being levit <_1 against the Properties in the <br /> future and that they will inform Buyers of any planned improvements of which Sellers may <br /> hereafter become aware. <br /> 5.8 Utilities. Sellers have not received any written not ice from the applicable utility <br /> supplier of any pending or threatened curtailment or reduction of al,y utility required for current use <br /> of the Properties. <br /> 5.9 Liens and Claims. That(i) there are no outstanding mechanics' liens or rights to <br /> claim a mechanics' lien in favor of an ;contractor, materialman, or I 'borer or any other person or <br /> entity in connection with the cone'ruction of any portion of the Prop .2rties; (ii) there has not been <br /> any work performed or materials applied to the Properties or contra cts entered into for work to be <br /> performed or materials to be supplied to the Properties prior to the d.ate hereof which has not been <br /> fully paid for,which could give rise to the filing of such liens against the Properties, except for <br /> matters in the ordinary course of bush ,ss, all over which Sellers are, 'roviding Buyers with title <br /> insurance; (iii) Sellers shall be respor':,ible for any and all claims for i chanic's liens that have <br /> arisen or may subsequently arise due to contracts entered into for and or an work performed on, or <br /> 5 <br />