2009 Resolutions - Laserfiche WebLink

Home Browse Search

all entrance doors to, and equipment and utility rooms located in, the Property; 5.2.6 To the extent in Seller's possession and not already located at the Property, originals and/or copies of all Licenses; 5.2.7 To the extent in Seller's possession, executed counterparts of all warranties in connection therewith which are in effect on the closing date and which are being assigned by Seller; 5.2.8 A "FIRPTA" affidavit attesting to facts pertaining to Seller's name, address, tax identification number and non-foreign status as required by Section 1445 of the Internal Revenue Code and regulations; 5.2.9 An affidavit reasonably sufficient in form and content to cause the Title Company to delete the standard printed exceptions from the title policy stating that there have been no improvements to the Property by or at the direction of Seller for the requisite period immediately preceding the Closing Date (other than work done by or on behalf of the City) or, ifthere have been any such improvements by or at the direction of Seller (other than work done by or on behalf of the City), that alllienors in connection with said improvements have been or will be paid in full when due; that there are no persons or entities in possession of all or any portion of the Property except Seller and any tenants in possession pursuant to recorded or unrecorded leases; and that there are no unrecorded easements or agreements known to Seller affecting title to or relating to thee Property, except as otherwise set forth in the affidavit; 5.2.10 A closing statement, signed by Seller, reflecting all credits, prorations, apportionments and adjustments contemplated hereunder; 5.2.11 All other documents Seller are required to deliver pursuant to the provisions of this Agreement or pursuant to normal and customary Virginia real estate practices to consummate the transactions contemplated herein. 5.3 The City's Documents. At or prior to Closing, the City shall deliver the following items to the Seller: 5.3.1 A copy of the resolutions of the Portsmouth City Council authorizing the execution, delivery and performance of this Agreement by the City and the consummation of the transactions contemplated hereunder; 5.3.2 A copy of the final order or decree issued by a court of competent jurisdiction in the Court Case that expressly or by implication authorizes the City to enter into and perform all matters set forth in this instrument; -13- Draft #4.1