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Agenda - Council - 09/26/2023
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Agenda - Council - 09/26/2023
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3/13/2025 11:27:09 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/26/2023
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with this Agreement, the undersigned hereby waive the right to trial by jury and consent to the <br />4 <br />jurisdiction of the courts in the State of Minnesota. <br />13,02 Entire Agreement. This Agreement constitutes, the entire contract between the <br />parties hereto, and may not be modified except by an instrument in writing signed by the parties <br />heretop and supersedes all previous agreements, written or oral, if any, of the parties. Exhibits <br />referred to in this Agreement are attached hereto and incorporated herein by reference. <br />13.03 Time of Essence. Time is of the essence of this Agreement in all respects. Any <br />time period providing for the performance of the parties' obligations herein which would otherwise <br />end on a. Saturday, Sunday or national holiday shall be extended to the next succeeding business <br />day. <br />13.04 Successors and A This Agreement shall be binding upon and inure to the <br />benefit of the parties hereto, and their respective heirs, legal representatives, successors and <br />assigns. <br />13.05 Invalidity. In the event that any provision of this Agreement shall be held to be <br />invalid, the same shall not affect in any respect whatsoever the validity of the remainder of this <br />Agreement. <br />13.06 Waiver. No waiver of any of the provisions of this Agreement shall be deemed, <br />nor shall the same constitute a waiver of any other provision, whether or not similar, nor shall any <br />such waiver constitute a continuing waiver. No waiver shall be binding, unless executed, in <br />wn 'ting, by the party making the waiver. <br />13.07 Headings. The section headings contained in this Agreement are for convenience <br />only and shall not be considered for any purpose in construing this Agreement. As used in this <br />Agreement, the masculine, feminine and neuter genders, and the singular and plural numbers <br />shall be each deemed to include the other whenever the context so requires. <br />13.08 Seller's and Buyer's TIN. Buyer's and Seller's tax identification numbers shall be <br />provided to Escrow Agent (if and as applicable) at Closing. <br />13.09 Counterparts. This Agreement may be executed in counterparts, each of which <br />when executed and delivered shall be deemed an original, but such counterparts together shall <br />constitute but one and the same document. <br />13.10 Like -Kind Exchange, Buyer may exchange fee title to the Property for other <br />property of like kind and qualifying use within the meaning of Section 1031 of the Internal Revenue <br />Code of 1986, as amended, and the Regulations promulgated thereunder. Buyer expressly <br />reserves the right to assign its rights but not its obligations hereunder to a "Qualified Intermediary" <br />as provided in I RC Reg. 1.1031 (k)-,(g)(4) in connection with such an exchange at any time on or <br />before the Closing Date. Seller hereby agrees to cooperate with Buyer (at no cost to Seller) in <br />effectuating any such exchange. <br />16 <br />B. <br />S: <br />
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