AG 2008 08 18 - Laserfiche WebLink

Home Browse Search

agrees to indemnify and hold Seller harmless from any claims of brokers or real estate agents claiming by, through or under Buyer for fees or commissions arising out of the sale of the Property to Buyer. 11. ASSIGNMENT. This Agreement and the rights, duties, interests, and obligations of Buyer hereunder may be assigned by Buyer to related or affiliated entities. If such assignment is made, then the sale of the Property contemplated by this Agreement will be consummated in the name of any such assignee, and, after any such assignment, Seller will look. solely to such assignee .for the performance and discharge of all the obligations and liabilities of Buyer hereunder, Buyer being relieved of any obligation and liability hereunder. Any other assignment of this Agreement by Buyer shall require the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed. 12. NOTICES. Any notices, demands, requests or other communications required or permitted to be given hereunder shall be in writing and shall be delivered in person, delivered by a nationally recognized overnight courier service (subject to a written confirmation thereof] or delivered by mail by United States registered or certified mail, return receipt requested, postage prepaid and addressed to each party at its address as set forth below: To Seller: Archie E. Barringer and Mary Ellen Barringer 2271 Jenna Shane Drive Jacksonville, NC 28306 With copy to: lames Scarborough, Esq. Ferguson & Scarborough P.O. Box 444 Concord, NC 28026 To Buyer: Cabarrus County Board of Education 4425 Old Airport Road P.O. Box 388 Concord, NC 28026 Attention: Sam Masters With copy to: Womble Carlyle Sandridge & Rice, PLLC 3500 One Wachovia Center 301 South College St. Charlotte, NC 28202 Attention: Philip S. Runkel Any such notice, request or other communication shall be considered given or delivered, as the case may be, on the date of delivery in person or the date deposited for overnight courier delivery or upon deposit in the United States mail as provided above. Rejection or other refusal to accept or inability to deliver because of changed address of which no notice was given shall be deemed to be receipt of the notice, request or other communication. By giving at least ten (10) days prior written notice thereof, either party may from time to time at any time change its mailing address hereunder. 13. DESTRUCTION. CONDEMNATION. In the event of any material damage to or destruction of the Properly or any material portion thereof or in the event of any taking or threat of taking by condemnation (or any conveyance in lieu thereof of the Property or any portion thereof by anyone having the power of eminent domain), Buyer shall, by written notice to Seller delivered within fifteen WCSR 3614883v5