6.1. SR 05-24-1999 - Laserfiche WebLink

Home Browse Search

. . . B. Neither the execution nor delivery of this Contract by Buyer nor its performance by Buyer will conflict with or result in a violation or breach of any law, regulation, order, writ, or injunction of any court or governmental agency applicable to Buyer. ARTICLE 13 - REMEDIES In the event Sellers fail to comply with any or all of the obligations, covenants, warranties or agreements to be performed, honored or observed by Sellers under and pursuant to the teI'lIlS and provisions of this Contract, and such default is not cured within thirty (30) days after written notice, the Buyer may, as its sole and exclusive remedy, either (i) terminate this Contract, in which event the Earnest Money, plus any accrued interest thereon, shall be refunded to Buyer and both parties shall be released from any further liability hereunder or (ii) seek an action for specific performance against Sellers to enforce the provisions of this Contract. The firilure of either party to act upon. a default of the other in any of the terms, conditions or obligations under this Contract shall not be deemed a waiver of any subsequent breach of defauh under the terms, conditions or obligations hereof by such defimhing PartY. ARTICLE 14 - MISCELLANEOUS This contract shall inure to the benefit of and bind the parties hereto, their respective heirs, executors, administrators, personal and/or legal representatives, successors and assigns. All of the covenants, warranties, representations and agreements of Sellers and Buyer contained in the Contract or in any document executed by either party pursuant to this Contract shall survive the execution and delivery of the Deed. This Contract constitutes the entire agreement between the parties and there are no representations, oral or written, relating to the Real Estate or to this transaction wi rich have not been incorporated herein. Sellers: Buyers: City of Elk River T.S. Restaurant, L.L.C. By: /l!ftJ/O?1~ S'-ct-91 Date By: Date 7