6.1. EDSR 09-21-2020 - Laserfiche WebLink

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457530v2 SJS EL185-33 4 6.1. EDA’s Closing Documents. On the Closing Date, the EDA shall execute and deliver to the Buyer the following (collectively, “EDA’s Closing Documents”), all in form and content reasonably satisfactory to the EDA and the Buyer: 6.1.1. Deed. A quit claim deed conveying the Property to the Buyer. Said quit claim deed shall contain a covenant running with the Property that the building on the Property must be constructed and completed within one year from the date of the deed or the Property will automatically revert back to the EDA. 6.1.2. Seller’s Affidavit. An Affidavit of Title by the EDA stating that on the Closing Date there are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or involving the EDA or the Property; that there has been no skill, labor or material furnished to the Property for which payment has not been made or for which mechanics’ liens could be filed; and that there are no other unrecorded instruments affecting the Property, together with whatever standard owner’s affidavit (ALTA form) which may be required by the Title Company to issue an Owner’s Policy of Title Insurance with the standard exceptions waived. 6.1.3. Original Documents. Original copies of any surveys, plans and records in the EDA’s possession. 6.1.4. FIRPTA Affidavit. A non-foreign affidavit, properly executed, containing such information as is required by the Internal Revenue Code Section 1445(b)(2) and its regulations. 6.1.5. Other Documents. Any other documents reasonably required in order to complete the transaction contemplated by this Agreement. 6.2. Buyer’s Closing Documents. On the Closing Date, the Buyer shall execute, as appropriate and deliver to the EDA the following (collectively, “Buyer’s Closing Documents”): 6.2.1. Purchase Price. The Purchase Price in good funds (certified or cashier’s check or wire transfer). 6.2.2. Other Documents. Such affidavits of Purchaser, Certificates of Value or other documents as may be reasonably required in order to complete the transaction contemplated by this Agreement. 7. PRORATIONS. The EDA and the Buyer agree to the following prorations and allocation of costs regarding this Agreement: 7.1. Title Insurance and Closing Fees. The EDA shall pay the cost of the title insurance commitment, including any associated title examination and search charges. The