01-24-2007 Additions - Laserfiche WebLink

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4. Closing. The closing of the purchase and sale contemplated by this Agreement (the "Closing ") shall occur within on or before February 28, 2007 (the "Closing Date "). The closing shall take place at the office of the Company that provides the Title Commitment, or at such other place as may be agreed to. Seller agrees to deliver possession of the Property to Buyer on the Closing Date. A. Seller's Closing Documents. On the Closing Date, Seller shall execute and /or deliver to Buyer the following (collectively "Seller's Closing Documents "): (1) Deed. A Warranty Deed, in form reasonably satisfactory to Buyer, conveying the Real Property to Buyer, free and clear of all encumbrances, except the Permitted Encumbrances hereafter defined. (2) Title Policy. The Title Policy, or a suitably marked up Commitment for Title Insurance initialed by the Title Company, in the form required by this Agreement. (3) Opinion of Seller's Counsel. If Seller is a corporation, partnership, or other entity, and if Seller is represented by counsel, an opinion of Seller's counsel, dated as of the Closing Date, in form reasonably satisfactory to Buyer, that Seller has been duly organized and is in good standing under the laws of the State of Minnesota; that Seller is duly qualified to transact business in the State of Minnesota; that Seller has the requisite power and authority to enter into and perform this Agreement, and those Seller's Closing Documents signed by it; that such documents have been duly authorized by all necessary action on the part of the Seller and duly executed and delivered; that the execution, delivery and performance by Seller of such documents do not conflict with or result in a violation of Seller's Articles of Organization or Operating Agreement or any judgment, order or decree of any court or 4 8