Examples of Post Closing Work in a sentence
All parties, including specifically Seller, acknowledge and agree that Seller’s performance of the Post Closing Work and all other terms of this Paragraph 9 shall expressly survive Closing and shall not merge with any deed, and these provisions may be construed separately as needed to give surviving effect and full validity to these terms after Closing.
With the exception of the incomplete Post Closing Work defined below, Seller will obtain and complete all requirements related to Storm Water Pollution Prevention Plans (“SWPPP”) as required by applicable local, state and federal authorities and maintain the same during the development of the lots within the Property.
Subject to the representations and covenants stated herein to expressly survive Closing, including those set forth in Paragraph 8.D and the Post Closing Work, the parties intend that the sale of the Property will be made on an “As Is, Where Is” basis with all faults, in accordance with the terms and provisions of Exhibit C.
Following the Closing, Seller, at its cost and expense (subject to approved disbursements from the District and otherwise), shall perform the Post Closing Work as set forth on Exhibit G hereto and in accordance with all terms, conditions and schedules stated herein and in the USA, the FMA, and other Ancillary Agreements as that work pertains to the Property.
This shall also include Seller’s assignment and delivery of all construction plans and any necessary licenses and permits connected to the Post Closing Work and the Improvements.
The parties acknowledge that Seller has commenced performance of the Post Closing Work and Seller shall use its commercially reasonable, good faith efforts to complete the Post Closing Work by August 1, 2019 (“Completion Date”), and the various components thereof by the dates set forth on Exhibit G (the “Progress Dates”), subject to Force Majeure.
At all times prior to completion of the Post Closing Work, Seller, at its cost and expense, shall maintain commercial general liability insurance on an occurrence basis covering Seller and its agents, contractors, subcontractors and licensees, against claims of bodily injury, personal injury and property damage for limits not less than $1,000,000 each occurrence, which insurance shall name Buyer as additional insured if allowable by insurance company.
Seller shall protect, indemnify, defend and hold Buyer and the Property harmless of and from any and all losses, liabilities, costs, expenses (including attorney fees), damages, liens, claims, actions or causes of action arising from or relating to Seller or its contractors entering upon the Property to complete the Post Closing Work.
With the exception of the incomplete Post Closing Work defined below, the Property and lots therein, including all work and Post Closing Work performed by Seller as of Closing, have been completed in full compliance with all terms hereof.
Time is of the essence with respect to performance of the Post Closing Work pursuant to the schedules on Exhibit G and the applicable schedules in the USA and Ancillary Agreements, subject to Force MajeureSeller shall not permit any liens or encumbrances to arise against the Property in connection with or as a result of the performance of the Post Closing Work.