3176897NJAW Proposal Mark-Up
TABLE OF CONTENTS
AGREEMENT OF SALE
1
ARTICLE I
2
DEFINITIONS
2
ARTICLE II
4
REPRESENTATIONS AND WARRANTIES OF THE BOROUGH
4
Section 2.1. REPRESENTATIONS AND WARRANTIES OF THE BOROUGH.
5
Section 2.2. DISCLAIMER OF OTHER REPRESENTATIONS AND WARRANTIES.
7
Section 2.3. SURVIVAL OF REPRESENTATIONS AND WARRANTIES.
7
ARTICLE III
7
REPRESENTATIONS AND WARRANTIES OF THE BUYER
7
Section 3.1. REPRESENTATIONS AND WARRANTIES OF THE BUYER.
8
Section 3.2. SURVIVAL OF REPRESENTATIONS AND WARRANTIES.
9
ARTICLE IV BASIC TRANSACTION
9
Section 4.1 PURCHASE AND SALE OF ASSETS. Subject to the terms and
10
Section 4.2. EXCLUDED ITEMS.
10
Section 4.3. PURCHASE PRICE.
10
Section 4.4. BOROUGH TRANSACTION EXPENSE.
10
Section 4.5. ADDITIONAL OBLIGATIONS.
10
Section 4.6. THE CLOSING.
11
Section 4.7. DELIVERIES AT THE CLOSING
11
Section 4.8. APPORTIONMENTS.
13
Section 4.9. SETTLEMENT STATEMENT.
13
ARTICLE V
13
PRE-CLOSING COVENANTS AND CONTINGENCIES
13
Section 5.1. PRE-CLOSING COVENANTS AND CONTINGENCIES.
14
ARTICLE VI
16
TITLE AND CONDITION OF SYSTEMS
16
Section 6.1. TITLE.
18
Section 6.2. PROPERTY INFORMATION MATERIALS.
19