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06-B UARCO Purchase
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06-B UARCO Purchase
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Last modified
9/12/2012 9:51:12 AM
Creation date
5/10/2002 12:41:46 PM
Metadata
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Template:
AGENDA
Item Number
6-B
AGENDA - Type
RESOLUTION
Description
Approve purchase agreement for UARCO building
AGENDA - Date
5/13/2002
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MRY-10-2962 16:46 LEGGETT PLRTT 417 358 e449 P.06i69 <br />13. BROICER. Each party represents to the other party that they have dealt with no broker, <br />finder or other person entitled Lo a fee concerning the transactions covered by this Agreement, and <br />each party shall defend, reimburse and indemnify the other against anY liabilities snd expenses <br />(including reasonable attorney's fees) arising out of any breach of the representations cootained in <br />this section. <br />14. "AS IS" SAI.E. Buyer hereby acknowledges that Seller is conveyinD the Property striCdy <br />and solely on an "as is, where is' basis, and with all faults, and that Seller has madt no material <br />reprosentations or given any warranties to Buyer or its agents respecting the status, condition or any <br />other aspect of the Property. Buyer covenants and agrees that it will solely rely on rts own <br />inspections with respect to the condition and status of the Property, and not on aoy statements made <br />by Seller or its agenu, and that upon closing of title all of Seller's obligations and liabilities hereunder <br />and with respect to the Property sha11 be deemed merged into the deed. <br />15. MISCELLANEOUS. <br />(a) This Agreement shall be govemed by the laws of the State of Texas. If any provision <br />of this Agreement is determined to be illegal, invalid or unenforceable, such determination shall not <br />affed t~jegali7 S~ ~~t hal be binding upon the partiPes~ exe~ut rst Pcrsonal ePresentatives, <br />legatees and heirs. <br />(c) Notices, demands or other communications hereunder shall be in writing and <br />delivered in person or via telecopy, ovemight delivery servicx or certi6ed mail, retum receipt <br />requested, to the addresses listed in this Ageement. <br />(d) This Agreement constimtes the entire agreement among the parties and supersedes <br />any prior understandings or agreements, written or oral, that relate to the subject hereof. This <br />Agreement may not be modified or amended unless in writing and signed by each of the parties <br />hetdo. of this <br />(e) If any action or proceeding brought by any party to enforce the terms qgreement or to recover damages for breach of this Ageement, (i) no punitive or consequential <br />damages cnay 6e sougttt or recovered, and (ii) the party prevailing on substantially all of the material <br />issues in such action or proceeding shall be entitled to recover a11 of its reasonable attorneys' fees, <br />court costs and expenses of litigation. <br />(fl The headines contained in this Agreement are for the conveniente of tbe partaes only <br />and shall not have any substantive effect. This Agrcement shall be deemed to have been mutually <br />drafted by all parties after consultation with counsel, and thus ambiguities contained herein shall not <br />be resolved in favor of any one party over the other. <br />(g) Notwithstanding any other provision of this Agreement, when a period of time is <br />prescribed for any aaion to be taken by Seller, Seller shall not be liable or responsible for, and there <br />shall be eucluded from the computation fot any such period of time, an,y delays due to strikes or <br />other labor problems, riots, acts of God, weather, shortages of labor or materials, war, acts of <br />aggression or tettor, laws, regulations or restndions, or any other fact or circumstance that is <br />beyond the reasonable control of Seller. <br />(h) The failure of the parties to exercise any of their respective righu hereunder or to <br />insist upon strict perfortnance of any of the tenms, conditions, and covenants herein shall not be <br />deemed a waiver of any such rights or tercns, conditions, and covenants, nor deenned a waiver of any <br />initial or subsequent bteach by any party of the tenns, conditions, and covenants herein contained. <br />
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