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THRIVE SANTA ANA, INC. (7)
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THRIVE SANTA ANA, INC. (7)
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Last modified
2/19/2026 5:49:07 PM
Creation date
2/19/2026 5:47:20 PM
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Contracts
Company Name
THRIVE SANTA ANA, INC.
Contract #
A-2026-020
Agency
Community Development
Council Approval Date
2/17/2026
Expiration Date
1/1/1900
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such items, nor a guarantee that such approvals or permits will be granted at all or within any <br /> particular time or with or without any particular conditions. <br /> 6.5 Seller's Additional Covenants. Seller hereby covenants and agrees that <br /> during the term of this Agreement: Seller (a) will not promote, advertise, market, transfer, lease <br /> or convey any of the Property or enter into any agreement to promote, advertise,market, transfer, <br /> lease or convey any of the Property or modify or amend any lease other than to terminate any <br /> leases as to the Property;(b) will not enter into any agreement,that will be or purport to be binding <br /> on the Buyer or the Property subsequent to the Close of Escrow; (c) shall, at its sole cost and <br /> expense, maintain the Property and all improvements thereon, if so required under the Ground <br /> Lease, in a reasonable condition and in a manner that complies with all applicable laws and shall <br /> continue in full force and effect all property and liability insurance with respect to the Property <br /> which is in effect 30 days before the Effective Date; (d) will not take, approve or consent to any <br /> action or omission that would change the zoning,use,permits or entitlement of or for the Property <br /> or that would otherwise adversely affect the Property or Buyer's plan for maintenance of the <br /> Property or Buyer's processing of the entitlements, if necessary; (e) will promptly give Buyer <br /> written notice of any notice or information Seller receives regarding zoning uses,permits, licenses <br /> or other entitlements which would have an adverse impact on the ability of Buyer to develop and/or <br /> maintain the Property for its anticipated use; (f) shall not record or cooperate in the recording <br /> against the Property or any portion thereof,of any lien, encumbrance, agreement, easement, right <br /> of way or other matter without Buyer's written consent; and (g) will not engage in any act or <br /> omission which would result in the Property not being in compliance with the provisions of this <br /> Agreement or any applicable law or which would prevent the Title Company from issuing the <br /> Title Policy in accordance with this Agreement. <br /> 7. Destruction/Condemnation of Property; Other Notices. In the event that all or any <br /> portion of the Property is damaged or destroyed by any casualty under the provisions of applicable <br /> law after the Effective Date but prior to the date of Closing, Seller shall give Buyer immediate <br /> written notice of the same. Seller shall promptly notify Buyer of any building code violation <br /> notices or actions pending, and of any event that causes the representation of Seller under this <br /> Agreement to no longer be true or correct. <br /> 8. Indemnification. <br /> 8.1 Obligations. Seller shall Indemnify Buyer and Buyer shall Indemnify Seller <br /> against any wrongful intentional act or negligence of the Indemnitor. Buyer shall also Indemnify <br /> Seller against any and all of the following: (a) any damage to the Property caused by the <br /> Investigations of the Property by Buyer; and(b) any accident, injury or damage whatsoever caused <br /> to any person in or on the Property by Buyer prior to the Closing. Notwithstanding anything to <br /> the contrary in this Agreement, no Indemnitor shall be required to Indemnify any Indemnitee to <br /> the extent of the Indemnitee's wrongful intentional acts or negligence. <br /> 8.2 Limitation on Liability of the Seller. Following the Close of Escrow, the <br /> Buyer is and shall be responsible for operation of the Property and the Project and the Seller shall <br /> not be liable for any injury or damage to any property (of the Buyer or any other person) or to any <br /> person occurring on or about the Property or the Project, except to the extent caused by the Seller's <br /> wrongful intentional act or negligence. <br /> _17_ <br />
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