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PERMFILE119027
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PERMFILE119027
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Entry Properties
Last modified
8/24/2016 10:14:45 PM
Creation date
11/25/2007 6:21:56 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1980003
IBM Index Class Name
Permit File
Doc Date
12/17/2002
Section_Exhibit Name
1996 Tab 3 Appendix 3-3 Agreement of Sale
Media Type
D
Archive
No
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• 10, Actions Pending Closing. From and after the date of <br />this Agreement, Seller shall not, without the prior written consent <br />of Buyer, which consent shall not be unreasonably withheld, take or <br />agree to take any of the following actions: <br />(A) Enter into any new leases or other agreements <br />granting any third party a right to use or occupy all or <br />any part of the Property which will bind the Buyer or the <br />Property following the date of the Closing. <br />(B) Terminate, accept a surrender of, renew, <br />extend, or materially alter or amend any of the <br />Agricultural Leases, except that nothing contained herein <br />shall preclude any action which Seller reasonably <br />determines to be appropriate in connection with any <br />default under any of the Agricultural Leases, including, <br />without limitation, accepting an assignment thereof or <br />agreement to the termination thereof; and provided that <br />Seller shall have-the right, without Buyer's prior <br />written consent, to cause or permit any of the <br />Agricultural Leases to be renewed or extended pursuant to <br />any express option or right to renew or extend set forth <br />in any of the Agricultural Leases. <br />11. Buyer's Representations and Warranties. Buyer <br />hereby represents and warrants to Seller, as of the date of this <br />. Agreement and as of the date of the. Closing, as follows: <br />(A) Authority. Subject to the contingency set <br />forth in Paragraph 27 of this Agreement, the person <br />executing this Agreement and all documents to be executed <br />by Buyer in connection herewith on behalf of Buyer have <br />the authority to do so, and the execution and delivery by <br />Buyer of this Agreement and all documents to be executed <br />by Buyer in connection herewith are duly authorized by <br />all requisite organizational actions of Buyer. <br />(B) Financial Capability. Buyer has the financial <br />capability to satisfy the monetary obligations of Buyer <br />as set forth herein. The financial statements for Buyer <br />provided by Buyer to Seller are complete and accurate in <br />all material respects and there has been no material <br />change in the financial condition of Seller since the <br />date of such statements. <br />12. Seller's Representations and Warranties. Seller <br />hereby represents and warrants to Buyer, as of the date of this <br />Agreement, as follows: <br />(A) Authority. Subject to the contingency set <br />forth in Paragraph 27 of this Agreement, the persona <br />. executing this Agreement and all documents to be executed <br />by Seller in connection herewith on behalf of Seller have <br />the authority to do so, and the execution and delivery by <br />-7- <br />
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