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10.2 Purchase Agreement - HOTGL Hotel
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10.2 Purchase Agreement - HOTGL Hotel
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9 <br /> <br />e. Headings and Captions. Headings and captions contained in this Agreement are <br />for convenience only and are not intended to alter any of the provisions of this <br />Agreement and shall not be used for the interpretation of the validity of the <br />Agreement or any provision hereof. <br /> <br />f. Survival. The respective covenants, agreements, indemnifications, warranties <br />and other terms of this Agreement will survive and be in full force and effect after <br />the Closing and shall not be deemed to have merged into any of the Closing <br />Documents. <br /> <br />g. Other Documents. Each Party to this Agreement agrees, both at the Closing and <br />after the Closing, to execute such other documents as may be reasonably <br />requested by the other Party in order to complete the transactions contemplated by <br />this Agreement. <br /> <br />h. Counterparts. This Purchase Agreement may be executed in counterparts, each <br />of which shall be deemed an original, and which together shall constitute a single, <br />integrated contract. <br /> <br />16. SELLER’S TRANSACTION APPROVAL. Seller’s obligation to perform hereunder <br />is contingent upon Seller obtaining, before the Closing Date, approval of the transaction <br />contemplated by this Agreement by the City Council of the City of Pequot Lakes, <br />Minnesota. Notwithstanding anything in this Agreement to the contrary, if such approval <br />has not been obtained by the Closing Date, this Agreement shall be null and void, and in <br />this event, Seller will return the earnest money paid by Buyer. Execution of this <br />Agreement by any person on behalf of the Seller prior to obtaining the necessary <br />approvals provided herein shall not confer any personal authority nor create any personal <br />liability on the signer for the obligations of Seller under this Agreement. <br /> <br />Remainder of this page intentionally left blank. <br /> <br />
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