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2015-246
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2015-246
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Last modified
4/23/2018 3:42:20 PM
Creation date
12/17/2015 11:35:13 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/15/2015
Control Number
2015-246
Agenda Item Number
12.G.1
Entity Name
RREF RB 2012 LTI-FL PHP LLC
Subject
Alternative Water Supply
Sale and Purchase Property
Official Document 12.G.2
Area
925 5th St. SW
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SCHEDULE 1 <br />ADDITIONAL DEFINITIONS <br />(a) "Agreement" shall mean this Agreement for Sale and Purchase of Property, <br />executed by both Seller and Buyer. <br />(b) "Business Day" shall mean any day on which business is conducted by national <br />banking institutions in Miami -Dade County, Florida. <br />(c) "Closing" shall mean the execution and delivery of the Deed, the Bill of Sale and <br />the other instruments to be executed by Seller conveying the Property to Buyer and the payment <br />by Buyer to Seller of the Purchase Price. <br />(d) "Confidentiality Agreement" shall mean that certain Confidentiality Agreement, <br />if any, concerning the Property executed by Buyer and delivered to Seller. <br />(e) "County" shall mean the County located in the State in which the Property is <br />located. <br />(f) "Deed" shall mean the special warranty (or similar limited warranty) deed <br />conveying fee title to the Real Property to Buyer, duly executed by Seller and acknowledged and <br />in proper form for recordation. <br />(g) "Due Diligence Reports" shall mean all reports, documents, studies, analyses, <br />and other written information delivered by Seller to Buyer or obtained by Buyer with respect to <br />the Property, including results of physical inspections, engineering studies, engineering drawings <br />and specifications, surveys, Hazardous Materials Reports, soil tests, site plans, feasibility studies, <br />market studies, architectural plans, specifications and drawings, title reports, permits, approvals <br />and authorizations (whether obtained from governmental authorities or third parties); and all <br />other work product generated by or for Buyer in connection with the Property. However, the <br />term Due Diligence Reports shall specifically exclude any Hazardous Materials Reports unless <br />and until such time as Seller has requested delivery of same in writing pursuant to the provisions <br />of Section 6.3 of the Agreement and such have in fact been delivered to Seller in connection <br />with such request. <br />(h) "Effective Date" shall mean the date set forth on the cover page of this <br />Agreement. <br />(i) "General Intangibles" shall mean any and all warranties, guaranties, telephone <br />exchange numbers, architectural or engineering plans and specifications, and development rights <br />that relate to the Real Property or the Personal Property. <br />(}) "Hazardous Materials" shall mean any toxic, radioactive, caustic or otherwise <br />hazardous substance, including petroleum, its derivatives, by-products and other hydrocarbons, <br />or any substance having any constituent elements displaying any of the foregoing characteristics. <br />The term "Hazardous Materials" includes, without limitation, any substance regulated under <br />MIAMI 2957652.8 79037/33274 <br />
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