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Kimberly Clark Worldwide Inc 12/28/2005
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Kimberly Clark Worldwide Inc 12/28/2005
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Last modified
10/25/2018 9:52:24 AM
Creation date
10/25/2018 9:52:00 AM
Metadata
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Template:
Contracts
Contractor's Name
Kimberly Clark Worldwide Inc
Approval Date
12/28/2005
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
K C Riverpoint Site
Tracking Number
0001447
Total Compensation
$0.00
Contract Type
Real Property
Retention Period
10 Years Then Transfer to State Archivist
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acknowledged by Seller, conveying to Purchaser title to the Property, subject to the Permitted <br /> Encumbrances. <br /> b. An Affidavit("Affidavit")that Seller is not a"foreign person"as defined <br /> in Section 1445 of the Internal Revenue Code of 1986, as amended. <br /> • <br /> c. Evidence reasonably satisfactory to Purchaser and the Title Company <br /> that Seller (and the person executing the closing documents on behalf of Seller) has full right, <br /> power, and authority to perform this Agreement and complete the Closing hereunder. <br /> d. The Phase I Environmental Assessment Report on the Property <br /> prepared by Delta Environmental Consultants, Inc. that complies with ASTM standards. An <br /> electronic copy may be provided as long as a hardbound copy is provided not later than ten days <br /> after Closing. <br /> e. An environmental MOU in form and substance identical to that <br /> attached hereto as Exhibit"G" executed by Seller. <br /> 2. Purchaser, at Purchaser's sole cost and expense,shall deliver or cause to be <br /> delivered to Title Company, as escrow agent, for the immediate disbursement and delivery by the <br /> Title Company as hereinafter set forth, the following: <br /> a. Immediately available funds in the form of a federal wire transfer, <br /> certified or cashier's check or such other means of funding acceptable to Title Company in an <br /> amount equal to the cash portion of the Purchase Price plus such additional funds as may be <br /> necessary to pay for the costs charged to Purchaser under Section 4D below. <br /> b. License agreements ("Licenses") granting to Seller certain rights to <br /> use various portions of the Property for certain terms, all as more particularly described on the <br /> attached Exhibit"C" attached hereto. <br /> c. The Note and Deed of Trust evidencing Purchaser's obligation to pay <br /> to Seller the deferred portion of the Purchase Price. <br /> d. Evidence reasonably satisfactory to Seller and the Title Company that <br /> Purchaser (and the person executing the closing documents on behalf of Purchaser) has the full <br /> right, power, and authority to perform this Agreement and the Closing hereunder. <br /> e. An environmental MOU in form and substance identical to that <br /> attached hereto as Exhibit"G" executed by Purchaser. <br /> 3. At Purchaser's sole cost and expense, Title Company shall issue to <br /> Purchaser an Owner Policy of Title Insurance (or a binding commitment to so issue with the actual <br /> title policy to be delivered within a reasonable period of time after the Closing)("Owner Policy") in <br /> the amount of the Purchase Price insuring that, after the completion of the Closing, Purchaser is the <br /> owner of indefeasible fee simple title to the Property,subject to the Permitted Encumbrances and all <br /> of the standard printed exclusions and exceptions included in a Washington Standard Form Owner <br /> Policy of Title Insurance; provided, however, if Purchaser so desires and if Purchaser has delivered <br /> a Survey acceptable to the Title Company for such purposes,then the survey exception as to areas <br /> and boundaries may,at the option and sole expense of Purchaser, be limited to"shortages in area". <br /> -3 - <br />
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