Laserfiche WebLink
17. BROKERS. Each party represents that they are not obligated to any real estate <br />or business broker as a result of this transaction. Each party hereby indemnifies the other for any <br />broker's or agent's fees. <br />18. MINNESOTA LAW. This Agreement shall be governed by the laws of the State <br />of Minnesota. <br />19. CONTINGENCY. <br />a. BUYER'S funds for the Purchase Price are from the metropolitan Council <br />Revolving Acquisition Loan Fund ( "RALF ") program. Final approval for <br />'the loan from the Metropolitan Council has not been received by BUYER <br />as of the date of this Agreement. Therefore; this Agreement is contingent <br />upon BUYER'S receipt, prior to the Closing Date, of final approval from <br />the Metropolitan Council that it will loan to BUYER the Purchase Price <br />funds. In the event said approval is not granted on or before the Closing <br />Date, this Agreement will be null and void, notwithstanding anything <br />herein to the contrary and the Earnest Money paid herein will be refunded <br />to BUYER. <br />b. The closing of this Agreement is contingent upon the SELLER and <br />BUYER entering into a lease on the Property acceptable to both parties. <br />20: MISCELLANEOUS. <br />a. TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS <br />AGREEMENT. <br />b. If any part of this Agreement or any part or any provision thereof shall be <br />adjudicated to be void or invalid, then the remaining provisions hereof not <br />specifically so adjudicated to be invalid shall be executed without <br />reference to the part or portion so adjudicated, insofar as such remaining <br />provisions are capable of execution. <br />C. The headings of the paragraph and subparagraphs of this Agreement are <br />for convenience and reference only, and do not form a part hereof and in <br />no way interpret or construe such paragraphs and subparagraphs. <br />d. Words of pronoun shall be interchangeable with respect to gender and <br />singular or plural as the context of application requires. If two or more <br />parties are referred to collectively under designation, the liability of each <br />shall be joint and several. <br />e. Each of the parties shall execute any and all instructions, releases, <br />assignments and consents which may be reasonably required in order to <br />carry out the provisions of this Agreement. <br />