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HomeMy WebLinkAbout2990(b) lsuycr's l~aili~r~. lI 13uycr fail~ to dcl~osit any rec~uire~ ; .-~ . sums by ~lie prescri~ccl time (subject i:o extension Lor any ,. . ••.~~I~c:r matl:ers by writl•e~i noticc to L•'scrowiiolder t~y eithcr 13uyer - • i ' ' ' .i-: ~.~ .~f 4 ~n.•. „~4 1•~ AVI~e~l~f~ ~'~ll ~'~_V ~ ~E~~ (~:1~/$ VL Jt::lii.:i Vi u ~i~a av.a ..~ .........~ ...... __ _:__ _ _ _: : ~ _ ' ~ clue l•o acls ot Cocl or oChc:r maL•ters ~cyoncl Uuycr's reaso~iaVle c~ntrol) , tlie:t Scller at il.s ol~Cion rnay l•crminalc lhi~ l~yrecment and L•'scrow by yiviny written notice L-o Uuyer and [:scrowliolclcr. '1'licrcu~~on, cscrow si»11 l.~e canccllccl, ~11 instrumc~i~s sliall ~c rcl:urnccl l•o l•.hc r~s~~ective ~~artics who cle~~o~itccl same, ancl 13uyer sh~ll ~~ay all Citle ~ncl escrow c~iicellation cl:arycs. In ~zcldition, iF all or any ~~ortion of such I~urcl~asc L~ricc, cxclucliny de~~~sit, lias Uccn dcE~ositecl inCo escrow by 13uyer, Lscrowtiolcler is I~ereVy irrevocably ii~sl-ructec] by Uuycr and 5cllcr to clisburse to 13uycr all sucl~ sums upon demancl'ot Uuyer alone and thc Deposit shall bt , disVurseJ l.~y Cl~c ~scrowh~lcicr l-o L-hc 5cllcr u~~on llic demand ot lhe Scller,alonc. 12. I•'urll~er Uocu~~~enl:s anc! l~ci:s. ~ach ot the parl-ies hereto ayrees l-.p coo~~er~te in c~oocl faitl~ wit-h e~ch ol-her, and to ciccuCc ~~~cl clclivcr su~.l~ lurl-li~r c]vcum~nL-s ancl ~~crf.orm such u~hur acls as may Vc ~:c.i:;~~i~il~ly J~CCCJJIICy or ~E~l~r~~~ri.-~lc lo " c~»summ.~~c ancl carry inL-o eLCec~ Llic lr~~~:;~ction conLc~~~~latecl uncler tl~is 1lyreemenL-. 5~~ecitically, Seller ayrees to tully cooE~eraLe with Buyer in ~btaining All Necess~ry Goveri~menL-al nE~E~rovals and, aL- Buycr's o~lion, to join with tl~e 13u}•cr in makiny ~~~~plication Lor 111.1 Necessary Governmen~~l A~pr~vals. ~ t~uycr shall kec~ 5eller intormccl of thc sL-atus of ~11 such aE~E~lic~l:ions Lor Govcrnin~~nl:al nZ~~~roval. Uurinc~ thc tcrm ot tl~~ ('urc.l~~~::c Mc~nc~y Murl~~.~~~u, Lo l.hc ~xl:~~nL' a].1t~wr.cl I~y law, (~UV~rnm~~~l.~l /1~,~»~~v.~J ~; ::I~.~ l.J. I~c i,suc~l juinlly .i ~~ Llic i~~mc ol Ll~c lluycr ~i~cl Scllcr. Duriny Lhc Cvaluation Pcriod provided i~i Paraqra~~l~ I7 rt-e Sellcr may pursue sucli pcrmits or govern- rnental aE~~rovals as il.clecros ~i~~roprial-c. -Z1- ~ ~ ~ ~ ~~ - 4 Y` -3 , _ $ ~~~ ~cs"tr. ~_ ~~. ~.,...'.~ ~. . ~. ~ ., r ~~ R:~c Fa~Z~~ . . • F - ~ xr-„ ~e~~.~