8.2. SR 09-08-2020 - Laserfiche WebLink

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CrS COMMERCIAL REALTY SOLUTIONS 72 413 Proctor Ave NW, Elk River, MN 73 Page 3 74 75 6. During the term of this Listing Agreement or within 90 days (not to exceed 180 days) 76 after the expiration of this Listing Agreement: (i) the PROPERTY is acquired by a public 77 authority; (ii) an agreement to acquire the PROPERTY is reached with a public authority: or (iii) a 78 public authority institutes eminent domain/condemnation proceedings to acquire the PROPERTY. 79 7. SELLER contributes or conveys the PROPERTY or any interest therein to a partnership, 80 joint venture or other business during the term of the Agreement in lieu of a sale of the 81 PROPERTY during the term of this Agreement. 82 8. SELLER is a partnership or other business entity, and an interest in the partnership or other 83 business entity is transferred, whether by merger, outright purchase or otherwise in lieu of sale of 84 the PROPERTY during the term of this Agreement. 85 9. If within 90 days, SELLER sells or agrees to sell the PROPERTY to anyone who 86 has made an affirmative showing of interest in the PROPERTY by responding to an advertisement 87 or by contacting the BROKER or salesperson involved or has been physically shown the 88 PROPERTY by the BROKER or salesperson. It is understood that BROKER shall not seek to 89 enforce collection of a compensation under this subparagraph nine (9) unless the name of the 90 prospect is on a written list given to SELLER within 72 hours after expiration of this Agreement. 91 92 As security for BROKER'S compensation SELLER hereby grants to BROKER a security 93 interest in the proceeds from the sale or lease of the PROPERTY described herein and any title 94 company or other closer who conducts the closing on the sale or lease of the PROPERTY 95 described herein is directed to disburse the BROKER'S compensation provided hereunder to the 96 BROKER at the time of Closing. 97 98 SELLER further agrees that in the event a LEASE of the PROPERTY is entered into (a) during 99 the term of this Listing Agreement, or (b) during the period set forth in subparagraph nine (9) 100 above with a person or entity as described therein, then SELLER shall pay BROKER a leasing 101 commission of one months gross lease amount for a lease of one year or less. For leases that are 102 loner than one year in length, leasing commissions are 6% of the oss lease amount. This shall 103 be due and payable upon execution of the lease or as otherwise agreed in writing. 104 105 106 107