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010306 RESO Approving AA Mutual Release-Jt Exrow Inst Vinci Invest_
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Successor Agency (Formerly the Community Redevelopment Agency) (1974-Present)
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01/03/06
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010306 RESO Approving AA Mutual Release-Jt Exrow Inst Vinci Invest_
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B. Documents and Funds Delivered to or by Escrow. The following shall be <br />delivered into the Escrow: <br />(i) Delivery by Vinci in Escrow. Prior to the Close of Escrow, Vinci shall <br />deposit into Escrow: <br />(a) a Grant Deed (the "Grant Deed ") to the Improvements in <br />recordable form, duly executed by Vinci and acknowledged and in substantially the same form <br />as set forth in Exhibit "G" attached hereto; <br />(b) three (3) originals of an Assignment and Assumption of Lease (the <br />"Lease Assignment "), duly executed in counterpart by Vinci assigning to the Agency Vinci's <br />interest and rights, as Lessee, under the Erickson Lease and in substantially the same form as set <br />forth in Exhibit "H" attached hereto; <br />(c) three (3) originals of a Memorandum of Assignment and <br />Assumption of Lease (the "Lease Assignment Memorandum "), duly executed by Vinci and <br />acknowledged and in substantially the same form as set forth in Exhibit "I" attached hereto. <br />(d) three (3) originals of an Assignment of Intangible Property (the <br />"Assignment of Intangible Property"), duly executed in counterpart by Vinci, conveying to the <br />Agency all of Vinci's interest in and the rights to the Intangible Property and in substantially the <br />same form as set forth in Exhibit "J" attached hereto; <br />(e) three (3) originals of an affidavit from Vinci which satisfies the <br />requirements of Section 1445 of the Internal Revenue Code, as amended (the "Section 1445 <br />Affidavit ") and in substantially the same form as set forth in Exhibit "K" attached hereto; <br />(f) three (3) originals of a Withholding Exemption Certificate, Form <br />593, stating that Vinci is exempt from withholding requirements (the "Form 593 "), and in <br />substantially the same form as set forth in Exhibit "L" attached hereto; <br />(g) three (3) originals of the Estoppel Certificate and Landlord <br />Consent (the "Estoppel Certificate ") executed by Erickson in substantially the same form as set <br />forth in Exhibit "M" attached hereto and containing no information which is objectionable to the <br />Agency; <br />(h) corporate resolutions ( "Vinci Resolutions ") from Vinci evidencing <br />Vinci's authority and authorization to enter into this Agreement and consummate the transactions <br />contemplated herein, and such proof of the power and authority of the individual(s) executing <br />and /or delivering any instruments, documents or certificates on behalf of Vinci to act for and <br />bind Vinci; <br />(i) the Insurance Certificates; <br />0) one original (or, if an original is not available, a certified copy <br />from the U.S. Bankruptcy Court) of the Settlement Agreement dated August 31, 2005 between <br />Vinci and the Joher Sellers (the "Settlement Agreement "); and <br />-13- <br />600090435x6 <br />8 -127 <br />
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