|
|
|
|
Document Preview Contract of Sale |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Contract of Sale |
|||
|
Entities: |
||||
|
Date: |
2007 |
|||
|
Size: |
Preview shows 18KB of 101KB total |
|||
|
Price: |
$61 |
|||
|
ID: |
#2707202 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
CONTRACT OF SALE
between
G&I III RESOURCE SQUARE LLC
Seller
and
TRIPLE NET PROPERTIES, LLC
Purchaser
| Premises: | Building 4 | |
| 10735 David Taylor Drive | ||
| Charlotte, North Carolina | ||
|
Dated: |
January 9, 2007 |
1
1. Definitions.
2. Subject of Sale.
3. Purchase Price.
4. Deposit Provisions.
5. As-Is
6. Representations.
|
6.1 6.2 6.3 6.4 6.5 |
Sellers Representations Knowledge Update and Survival Liability for Misrepresentations. Purchasers Representations |
7. Ongoing Operations.
|
7.1 7.2 7.3 7.4 7.5 7.6 |
Leasing Practice. Personal Property and Equipment Employees Development Rights Tax Protest Proceedings Operation and Maintenance |
8. Title.
|
8.1 8.2 8.3 |
Title Commitment Status of Title Non-Permitted Title Objections. |
9. Closing.
|
9.1 9.2 9.3 9.4 |
Closing Date and Location Closing Expenses. Closing Deliveries. Apportionments and Reimbursements |
10. Default.
| 10.1 | Purchasers Default |
| 10.2 | Sellers Default |
11. Risk of Loss.
| 11.1 | Condemnation. |
| 11.2 | Destruction or Damage |
12. Purchasers Review Period.
13. Miscellaneous.
|
13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 13.10 13.11 13.12 13.13 13.14 13.15 13.16 13.17 13.18 13.19 13.20 13.21 13.22 |
Broker Assignment of this Contract Attorneys Fees Notices Further Assurances Confidentiality. Survival and Merger Recording Successors and Assigns Entire Agreement Waiver and Modifications Captions and Titles Construction Non-Business Days Governing Law and Jurisdiction Counterparts No Third Party Benefits Submission not an Offer Severability Insurance Proposed Tax Free Exchange SNDAs | |
|
|
||
|
Schedule A Schedule B Schedule C Schedule D Schedule E Schedule F Schedule G Schedule H |
Description of Property Subject To Provisions List of Space Leases Service Contracts Pending Litigation Operating Statements Property Information Leasing Commission Agreements and Construction Contracts | |
|
|
||
|
Exhibit 1 Exhibit 2 Exhibit 3 Exhibit 4 Exhibit 5 Exhibit 6 Exhibit 7 Exhibit 8 Exhibit 9 Exhibit 10 Exhibit 11 Exhibit 12 |
Form of Special Warranty Deed to the Premises Form of Assignment of the Space Leases Form of Assignment of the Service Contracts Form of Assignment of Licenses, Permits, Guarantees and Warranties Form of Notice to the Space Tenants Form of Notice of Assignment of the Service Contracts Form of Tenant Estoppel Certificate Form of Bill of Sale Access Agreement Form of Title Certificate Form of Sellers Estoppel Form of Assumption Agreement |
Exhibit 13 Form of Assignment of Leasing Commission Agreements and Construction Contracts
|
Exhibit 14 Exhibit 15 |
Chicago Title Insurance Company Wire Transfer Instructions Form of Audit Letter |
2
CONTRACT (this Contract) made this 9 day of January, 2007 by and between G&I III RESOURCE SQUARE LLC, a Delaware limited liability company, having an address at c/o DRA Advisors LLC, 220 East 42nd Street, New York, New York 10017 (Seller) and TRIPLE NET PROPERTIES, LLC, a Virginia limited liability company, having an address at 1551 N. Tustin Avenue, Suite 200, Santa Ana, CA 92705 (Purchaser).
W I T N E S S E T H :
WHEREAS, upon the terms and conditions hereinafter set forth, Seller agrees to sell and convey fee title to that certain parcel of land described on Schedule A annexed hereto with the improvements erected thereon (which parcel of land and the improvements erected thereon are herein referred to collectively as the Property) to Purchaser and Purchaser agrees to purchase the Property.
NOW, THEREFORE, intending to be legally bound hereby, the parties agree as follows:
| 1. | Definitions. |
The terms defined in this Article shall for all purposes of this Contract have the meanings herein specified unless the context requires otherwise.
1.1 Additional Deposit shall have the meaning ascribed to it in Section 3.2.
1.2 Additional Rents shall have the meaning ascribed to it in Section 9.4(a).
1.3 Broker shall have the meaning ascribed to it in Section 13.1.
1.4 Business Day shall mean any day other than a Saturday, Sunday or day on which the banks in New York are authorized or permitted to be closed.
1.5 Casualty shall have the meaning ascribed to it in Section 11.2.
1.6 Casualty Termination Event shall have the meaning ascribed to it in Section 11.2.
1.7 Closing shall have the meaning ascribed to it in Section 9.1.
1.8 Closing Date shall have the meaning ascribed to it in Section 9.1.
1.9 Contract shall have the meaning ascribed to it in the introductory paragraph.
1.10 Deposit shall have the meaning ascribed to it in Section 3.2.
1.11 Escrowee shall have the meaning ascribed to it in Section 3.1.
1.12 Estoppel Certificate(s) shall have the meaning ascribed to it in Section 9.3(a)(xiii).
1.13 Estoppel Default shall have the meaning ascribed to it in Section 9.3(a)(xiii).
1.14 Estoppel Tenants shall have the meaning ascribed to it in Section 9.3(a)(xiii).
1.15 Evaluation Material shall have the meaning ascribed to it in Section 13.6(a).
1.16 Exchange shall have the meaning ascribed to it in Section 13.20.
1.17 Existing Space Leases shall have the meaning ascribed to it in Section 6.1(d).
1.18 Existing Space Tenants shall have the meaning ascribed to it in Section 6.1(f).
1.19 Initial Deposit shall have the meaning ascribed to it in Section 3.1.
1.20 Major Tenants shall have the meaning ascribed to it in Section 9.3(a)(xiii).
1.21 Maximum Representation Expense shall have the meaning ascribed to it in Section 6.4(b).
1.22 Maximum Title Expense shall have the meaning ascribed to it in Section 8.3(b).
1.23 New Lease(s) shall have the meaning ascribed to it in Section 7.1(a).
1.24 Non-Permitted Title Objections shall have the meaning ascribed to it in Section 8.3(a).
1.25 Outside Termination Date shall have the meaning ascribed to it in Section 12.1.
1.26 Permitted Exceptions shall have the meaning ascribed to it in Section 8.2.
1.27 Preliminary Proration Statement shall have the meaning ascribed to it in Section 9.4(a)(i).
1.28 Premises shall have the meaning ascribed it in Section 2.2.
1.29 Property shall have the meaning ascribed to it in the WHEREAS paragraph in this Contract.
1.30 Purchase Price shall have the meaning ascribed to it in Section 3.
1.31 Purchaser shall have the meaning ascribed to it in the introductory paragraph.
1.32 Purchasers Review Period shall have the meaning ascribed to it in Section 12.1.
1.33 Purchasers 2006 Actual Operating Expenses shall have the meaning ascribed to it in Section 9.4(b).
|
1.34 Section 13.6(b). 1.35
Home Intelligence Services Subscriptions News About Us |