PURCHASER’S POST-CLOSING OBLIGATIONS Clause Samples
PURCHASER’S POST-CLOSING OBLIGATIONS. 13.1 Within thirty (30) months following the Closing, Purchaser shall expend an amount equal to the Capital Repair Credit to perform certain capital expenditures included in the PCA, which may include, but are not limited to, the concrete pavement overlay (the “Capital Repair Project”). Purchaser shall provide to Seller written evidence of the funds expended for the Capital Repair Project, which may include lien waivers, paid invoices or other evidence deemed satisfactory to Purchaser, acting reasonably. This Section 13 shall survive the Closing.
13.2 Following the Closing, Hotel Owner shall continue discussions with the City, each acting in good faith, for a reasonable period of time regarding (i) the quitclaim by Hotel Owner of certain obsolete sewer and utility easements encumbering the Anaheim Convention Center North Hall, which easements are depicted on Exhibit K attached hereto, and (ii) the granting of pedestrian access and emergency vehicle access rights by the City to Hotel Owner, at no cost to Purchaser or Hotel Owner, across specified portions of the Convention Center Plaza, within the areas depicted on Exhibit K attached hereto.
PURCHASER’S POST-CLOSING OBLIGATIONS. The Purchaser shall comply with the following obligations which shall survive the Closing Date:
(a) Install and construct at Purchaser’s expense, a bus bay and shelter to be incorporated in the Access Road in accordance with Lakeland Area Mass Transit requirements, to be constructed concurrent with Purchasers site development if such installation and construction is required by the City of Lakeland as a part of the permitting process.
(b) Ensure that whoever the land is initially and subsequently conveyed to that they and their successors and assigns protect the rights and interest of the public in the Airport and prevent any use of the Property that would constitute an Airport hazard.