CC PACKET 01082002 - Laserfiche WebLink

Home Browse Search

22 • from such proceedings. 10. Assignment. Buyer may assign its rights under this Agreement before or after the Closing..Any such assignment will not relieve such assigning party of its obligations under this Agreement. 11. Survival. All of the terms of this Agreement and warranties and representations herein contained shall survive and be enforceable after the Closing. 12. Notices. Any notice required or permitted hereunder shall be given by personal delivery upon an authorized representative of a party hereto; or if mailed by United States registered or certified mail, return receipt requested,postage prepaid; or if transmitted by facsimile copy followed by mailed notice; or if deposited cost paid with a nationally recognized, reputable overnight courier, properly addressed as follows: If to Seller: JRE Foods, L.L.C. 4009 Copperfield Court Fargo,ND 58104 Fax#: 701-293-1230 If to Buyer: The Housing and Redevelopment Authority of St. Anthony, Minnesota 3301 Silver Lake Road St. Anthony,MN 55418 Attn: Michael Morrison Fax#: (612) 781-9323 ® With Copy to: Dorsey& Whitney LLP Pillsbury Center South 220 South Sixth Street Minneapolis, MN 55402 Attn: Roseanne M. Hope Fax#: (612) 340-2644 Notices shall be deemed effective on the earlier of the date of receipt or the date of deposit,as aforesaid; provided, however, that if notice is given by deposit, the time for response to any notice by the other party shall commence to run one business day after any such deposit. Any party may change its address for the service of notice by giving notice of such change 10 days prior to the effective date of such change. 13. Miscellaneous. The paragraph headings or captions appearing in this Agreement are for convenience only, are not apart of this Agreement, and are not to be considered in interpreting this Agreement. This written Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property. There are no verbal agreements that change this Agreement, and no waiver of any of its terms will be effective unless in a writing executed by the parties. This Agreement binds and benefits the parties and their successors and'assigns. This Agreement has been made under the laws of the State of Minnesota and such laws will control its interpretation. 14. Remedies. If Buyer defaults under this Agreement, Seller shall have the right to terminate this Agreement by giving written notice to Buyer. If Buyer fails to cure such default within 15 • days of the date of such notice, this Agreement will terminate, time being of the essence of this Agreement. The termination of this Agreement and retention of the Earnest Money will be the sole 6