Number is 58-19115670 Sellers Federal Tax I.D. Any interest earned on the Deposit shall be paid to Buyer unless Seller shall be entitled to the Deposit by reason of aĭefault by Buyer, in which case such interest shall be paid to Seller. The completion of Settlement, the Deposit, less any accrued interest, shall be paid to Seller on account of the Purchase Price. The Deposit shall be held in an interest bearing, federally insured account, by Escrow Agent in accordance with this Agreement pending consummation of this transaction. (b) The Initial Deposit and the Additional Deposit, together with all interestĮarned thereon, shall collectively be referred to as the ∽eposit. (ii) The balance of the Purchase Price shall be paid to Seller at Settlement (as defined below) in cashīy wire transfer of immediately available federal funds. Not elect to terminate this Agreement prior to the expiration of the Due Diligence Period. ∺dditional Deposit) by wire transfer or check payable to Escrow Agent which Buyer shall deliver to Escrow Agent within five (5) business days following expiration of the Due Diligence Period (as defined below) provided Buyer does (ii) One Hundred Fifty Thousand Dollars ($150,000.00) (the (i) Twenty-five Thousand Dollars ($25,000.00) (the Initial Deposit) by wire transfer or check payable to First American Title InsuranceĬompany (∾scrow Agent), which Buyer shall deliver to Escrow Agent within seven (7) business days after execution of this Agreement in the event Buyer fails to deliver the Initial Deposit to Escrow Agent in accordance with theįoregoing, this Agreement shall be void and of no force or effect. The purchase price for the Property is Four Million Two Hundred Eighty Two Thousand Five Hundred Twenty-one Dollars and xx/100 ($4,282,521.00) (the Purchase Price), payable as follows: Plans, telephone exchange numbers, permits, approvals, variances and development and utility rights and allotments. ∻ and all intangible property (the Intangible Property) owned by Seller and pertaining to the Real Property, including without limitation, plans and specifications, engineering plans and studies, floor plans and landscape Other personal property (collectively, the Personal Property) attached or appurtenant to, located in or on, or used in connection with the Real Property including without limitation, the personal property listed on attached Exhibit Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, subject to the terms andĬonditions of this Agreement, those certain tracts or parcels of land, with the building of approximately 45,448 square feet situate thereon, known as 4201 Del Rey Boulevard, consisting of approximately 23.0+/- acres, located in Las Cruces, Dona AnaĬounty, New Mexico, as more fully described in the legal description attached hereto as Exhibit ∺, (the Real Property) and all the buildings and other improvements situated thereon, including all fixtures, equipment, and In consideration of the covenants and provisions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:ġ. Next to the respective signatures of Seller and Buyer on the execution page(s) of this Agreement (the ∾ffective Date). This Agreement is to be effective as of the date this Agreement has been executed and delivered by the last party to sign, as evidenced by the dates December, 2006 between KeyTronic Corporation, a Washington corporation, having an address at North 4424 Sullivan Road, Spokane, Washington 99216 (Seller) and ADEVCO CORPORATION or its nominee, a Georgia corporation, havingĪn address at 3867 Holcomb Bridge Road, Suite 800, Norcross, GA 30092 (∻uyer).
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