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GENERAL38028
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GENERAL38028
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Last modified
8/24/2016 7:57:57 PM
Creation date
11/23/2007 9:26:13 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1987024
IBM Index Class Name
General Documents
Doc Date
11/6/1995
Doc Name
AGREEMENT OF PURCHASE & SALE
Media Type
D
Archive
No
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(~ <br />snnK ~(}~racr ll~ <br />i "" <br />market value or replacement cost, whichever is greater. T.n <br />the event that during this period, loss or damage, other <br />than normal wear and tear, occurs to such improvements, al). <br />insurance proceeds that are not expended by Sellers in re- <br />pairs or replacement, shall be transferred to Buyers at the <br />closing. <br />15. Sellers' Inventory of Trout. It is understood and <br />v' - <br />agreed that at the time of closing Sellers will own an <br />inventory of trout and that such inventory shall he and <br />remain the property of Sellers and Buyers shall not be re- <br />quired to purchase such inventory; provided ho~~~ever, that as <br />an .additional consideration to Sellers, Buyers agree to <br />feed, maintain, market and sell Sellers' inventory in the <br />normal course of Buyers' operation of said business sub- <br />sequent to the closing of this transaction. It is expressly <br />understood and agreed that Sellers shall bear the risk of <br />any loss concerning such inventory subsequent to closing <br />except for any such loss caused by Buyers` negligent act or <br />Omi5SlOn. $OY 'tlie inVent0 Y1 tG b2 SOiCi by I3Uy ~r5, ally cry <br />shall remit to Sellers as the proceeds of such sales are <br />received, on the following schedule of prices: <br />a. 4" - 5".fingerlings <br />$ .10/fish <br />b. 5" - 6" $ .14/fish <br />c. 6" - 8" I $ .18/fish <br />d. Over 10" $1.00/].b. <br />it being understood that the above sizes are as of the date <br />of closing and the price to be received by Sellers for such <br />fish shall be determined by the size of the fish at the time <br />of closing rather than at the time of sale thereof. Se7.].ers <br />and Buyers shall, at the time of closing hereof, jointly <br />conduct an inventory of all such fish and shall reduce such <br />inventory to writing to becone Exhibit "E" to this agree- <br />ment. Buyers shall remit to Seller: all sums received by <br />Buyers for sale of such inventory on a moiil-hly basis on the <br />tenth day of each month for all sales consummated during the <br />preceding month. Buyers shall feed and maintain Sellers' <br />-13- <br />
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