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2007-320A
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2007-320A
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Last modified
6/24/2016 1:17:19 PM
Creation date
9/30/2015 11:19:19 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/18/2007
Control Number
2007-320A
Agenda Item Number
9.A.1
Entity Name
Triple S Land Company
Subject
Option Agreement purchase of conservation easement
Supplemental fields
SmeadsoftID
6611
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8 / 10 / 2007 <br /> Seller nor any other person or party shall have any claim for specific performance , <br /> damages , or otherwise against the Purchaser; or (ii ) waive Purchaser's default and <br /> proceed to Closing . In the event Seller fails to perform any of its obligations hereunder, <br /> Purchaser shall , at its sole option , be entitled to : (i ) terminate this Agreement by written <br /> notice delivered to the Seller at or prior to the Closing Date and thereupon neither the <br /> Purchaser nor any other person or party shall have any claim for specific performance , <br /> damages or otherwise against the Seller; (ii ) obtain specific performance of the terms and <br /> conditions hereof; or ( iii ) waive Seller's default and proceed to Closing . In connection with <br /> any dispute arising out of this Agreement, including without limitation litigation and appeals , <br /> each party will be responsible for its own attorney's fees and costs . <br /> 18 . BROKERS . Seller warrants that no person , firm , corporation , or other entity is entitled <br /> to a real estate commission or other fees as a result of this Agreement or subsequent <br /> closing , except as accurately disclosed on the Closing Documents . Seller shall indemnify <br /> and hold Purchaser harmless from any and all such commission claims , whether disclosed <br /> or undisclosed . <br /> 19 . RECORDING . This Agreement may not be recorded . <br /> 20 . ASSIGNMENT. This Agreement may be assigned by Purchaser, in which event <br /> Purchaser will provide written notice of assignment to Seller. This Agreement may not be <br /> assigned by Seller without the prior written consent of Purchaser. <br /> 21 . TIME . Time is of essence with regard to all dates or times set forth in this Agreement. <br /> 22 . SEVERABILITY. In the event any of the provisions of this Agreement are deemed to <br /> be unenforceable , the enforceability of the remaining provisions of this Agreement shall not <br /> be affected . <br /> 23 . SUCCESSORS IN INTEREST . Upon Seller's execution of this Agreement, Seller's <br /> heirs , legal representatives , successors and assigns will be bound by it. Upon Purchaser's <br /> approval of this Agreement and Purchaser's exercise of the option , Purchaser and <br /> Purchaser's successors and assigns will be bound by it. Whenever used , the singular shall <br /> include the plural and one gender shall include all genders . <br /> 24 . ENTIRE AGREEMENT. This Agreement contains the entire agreement between the <br /> parties pertaining to the subject matter contained herein and supersedes all prior and <br /> contemporaneous agreements , representations , and understandings , whether written or <br /> oral , between the parties pertaining to the subject matter contained herein . <br /> 25 . WAIVER . Failure of Purchaser or Seller to insist upon strict performance of any <br /> covenant or condition of this Agreement, or to exercise any right herein contained , shall not <br /> be construed as a waiver or relinquishment for the future of any such covenant, condition <br /> or right; but the same shall remain in full force and effect . <br /> 7 <br />
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