Jon R Clark 2/11/2020 - Laserfiche WebLink

enter upon the Real Property and conduct inspections and non-destructive tests to ascertain the condition and suitability of the Property. Buyer and Seller shall coordinate the timing of such inspections and tests so that they do not interfere with Seller's business. If Buyer does not deliver to Seller written notice on or before the expiration of the Feasibility Study Period that Buyer approves the suitability of the Property for Buyer's intended use, which approval is in Buyer's sole judgment, then the Deposit will be returned to Buyer, Buyer shall return to Seller all Feasibility Materials to Seller, this Agreement terminates, and Seller and Buyer will be released from all further obligation or liability under this Agreement. 6.3 Buyer's Contingencies. Buyer's obligation to purchase the Property is expressly contingent on upon the following: a) Buyer's approval, prior to expiration of the Feasibility Study Period, of the suitability of the Property as a result of the Feasibility Study; b) Buyer's receipt of Title Company's firm commitment to issue, upon closing, the Title Policy; c) All Seller's representations and warranties contained in or made pursuant to this Agreement being true and correct as of the Closing Date; d) Seller's timely performance of all Seller's obligations under this Agreement; and e) No material change in the condition of the Property between the Effective Date and the Closing Date. 7. Closing. 7.1 Time for Closing. The sale shall be closed in the office of Rainier Title Company, 2722 Colby Ave, Everett, WA 98201 ("Closing Agent") on July 1, 2020, or such other date as the parties may agree in writing. At least one (1) business day prior to closing, Buyer and Seller shall deposit in escrow with Closing Agent all instruments, documents and monies necessary to complete the sale in accordance with this Agreement. As used herein, "closing" or"date of closing" or"Closing Date" means the date on which all appropriate documents are recorded and proceeds of sale are available for disbursement to Seller. If closing does not occur on or before July 1, 2020, or any later date mutually agreed to in writing by the Seller and Buyer, Closing Agent shall immediately terminate the escrow, forward the Deposit to the party entitled to receive it as provided in this Agreement and return all documents to the party that deposited them. 7.2 Seller's Escrow Deposits. On or before the Closing Date, Seller shall deposit into escrow the following: 4