3176897NJAW Proposal Mark-Up
Section 6.3. CONDITION OF THE SYSTEMS. 19
ARTICLE VII 18
CONDITIONS TO OBLIGATION TO CLOSE 18
Section 7.1 CONDITIONS TO OBLIGATION OF THE BUYER. 20
Section 7.2 CONDITIONS TO OBLIGATION OF THE.BOROUGH 18
Section 7.3. SCHEDULE FOR CLOSING CONDITIONS.. 21
ARTICLE VIII 20
POST-CLOSING OBLIGATIONS OF BUYER 20
Section 8.1. CONTINUATION OF WASTEWATER SERVICES. 22
Section 8.2. MAINTENANCE, REPAIRS, AND REPLACEMENT. 22
Section 8.3. RATE STABILIZATION COVENANT 22
Section 8.4. REQUIRED CAPITAL IMPROVEMENTS. 22
Section 8.5. SERVICE TO BOROUGH FACILITIES. 22
Section 8.6. SERVICE LINE RESPONSIBILITY. 23
Section 8.7 POST-CLOSING COOPERATION OF THE BOROUGH. 23
Section 8.7. RESERVED 21
Section 8.8. RESERVED 23
Section 8.9. RESERVED. 23
Section 8.10. BOROUGH PUBLIC WORKS COMMITTEE. 23
Section 8.11. PAVING. 23
ARTICLE IX 22
REMEDIES FOR BREACHES OF THIS AGREEMENT 22
Section 9.1. PRE-CLOSING DEFAULT BY THE BUYER. 24
Section 9.2. PRE-CLOSING DEFAULT BY THE BOROUGH. 24
Section 9.3. POST-CLOSING DEFAULTS. . 24
ARTICLE X 23
ESCROW AGENT 23
Section 10.1. ESCROW. 25
ARTICLE XI 24
NON-BINDING MEDIATION; FORUM FOR DISPUTE RESOLUTION 24
Section 11.1. RIGHTS TO REQUEST AND DECLINE NON-BINDING MEDIATION… 26
Section 11.2. PROCEDURE. 26