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Agenda - Council Work Session - 08/23/2016
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Agenda - Council Work Session - 08/23/2016
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Last modified
3/17/2025 3:52:16 PM
Creation date
8/22/2016 10:58:03 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
08/23/2016
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19. Binding Effect. This Agreement binds and benefits the parties and their <br /> respective successors and assigns. <br /> 20. Controlling Law. Minnesota law will govern this Agreement. <br /> 21. Time of the Essence. Time is of the essence with respect to all matters in this <br /> Agreement. <br /> 22. Remedies. If Buyer defaults under this Agreement, Seller shall have the right to <br /> terminate this Agreement by giving 30 days written notice to Buyer. If Buyer fails to cure the <br /> default within 30 days of service of the notice,this Agreement will terminate, and upon the <br /> termination, Seller will retain the Earnest Money. Upon Seller's default, Buyer shall have the <br /> right to receive all Earnest Money. In addition to and not in limitation of the foregoing, if prior <br /> to Closing, Seller defaults on any of the warranties, covenants or agreements in this Agreement <br /> or if any representation shall be untrue,then Buyer may at its option terminate this Agreement <br /> without liability to Buyer and all Earnest Money shall be refunded to Buyer. <br /> 23. Counterparts. This Agreement may be executed in any number of <br /> counterparts, all of which together shall constitute the Agreement. Facsimile and emailed <br /> signatures shall be sufficient for all purposes. <br /> SELLER: <br /> City of Ramsey <br /> Dated: 12015 <br /> rte' 1 <br /> BUYER: <br /> 12 <br />
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