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14.3 No Merger. The obligations, covenants, representations, and warranties, and the <br />remedies for breach thereof, set forth in this Agreement shall survive the closing <br />and shall not merge with transfer of title but shall remain in effect until fulfilled. <br />14.4 Confirmation of Termination. If this Agreement terminates, Buyer agrees to <br />execute and deliver to Seller a quit claim deed for the Property and such execution <br />and delivery shall be a condition precedent to the return of any Earnest Money, to <br />the extent any Earnest Money is to be refunded to Buyer. <br />14.5 Location of Closing. The Closing shall take place at the office of the Title <br />Company, or at such other place as may be agreed to by the parties. <br />14.6 Binding Effect. This Agreement binds and benefits the parties and their <br />successors and assigns. <br />ARTICLE XV <br />ENTIRE AGREEMENT; NO MODIFICATIONS <br />This Agreement, together with the attached Addendum relating to the Title Company and <br />the attached Exhibits "A", "B" and "C" constitutes the entire agreement of the Seller and Buyer <br />with respect to the purchase and sale of the Property. This Agreement may not be modified or <br />amended except in a writing signed by Seller and Buyer. <br />ARTICLE XVI <br />DEFAULT <br />If either party defaults in the performance of any of the party's obligations under this <br />Agreement and remains in default for ten (10) days after delivery of written notice of default, <br />then the non-defaulting party may terminate this Agreement by written notice to the other party. <br />[Signatures an following page) <br />Page 14 <br />Version Dale: 12/8/05 <br />5:\PARK & RPC\I2 l4 OS Packet\PUrchase Agreement v12072005.doc <br />