Laserfiche WebLink
inight arise out of the filing of such action, whether or not such claim is specifically identified <br />herein. Tenant -Seller hereby authorizes Buyer to withdraw and make payable to Buyer any finds <br />deposited with the Court in any such eminent domain action, <br />12. CLOSING; PURCHASE PRICE ADJUSTMENTS. Recording of the Quitclaim <br />Deed by Buyer will constitute "Closing" of this transaction. At Closing, Buyer will pay the <br />Purchase Price to Tenant -Seller, subject to the following adjustments: <br />A. Pay and charge Tenant -Seller for any and all current and/or delinquent taxes <br />and any penalties and interest thereon, and for any delinquent or non -delinquent assessments or <br />bonds against the Improvements and the Tenancy Interest, <br />B. Pay and charge Tenant -Seller for any amourit necessary to place title in the <br />condition necessary to satisfy Paragraphs 4 and 9 of this Agreement; <br />C. Disburse funds when conditions of this Agreement have been satisfied by <br />Buyer and Tenant -Seller. <br />13. PULL AND COMPLETE SETTLEMENT. Tenant -Seller hereby acktiowledges that <br />the compensation paid to Tenant -Seller through this Agreement constitutes the full and complete <br />settlement of any and all claims against Buyer, resulting from or arising out of Buyer's acquisition <br />of the Property and the Tenancy Interest and any dislocation of Tenant -Seller from the Premises, <br />specifically including, but not limited to the value of the Improvements, leasehold improvements, <br />any and all claims for rental or leasehold value and any and all claims in inverse condemnation and <br />for pre -condemnation damages, and any and all claims For loss of business goodwill, and any and <br />all other claims that Tenant -Seller may have, whether or not specifically mentioned here, relating <br />directly or indirectly to the acquisition by Buyer of the Property, the Improvements and the Tenancy <br />Interest, and the loss of business goodwill (but excluding relocation benefits to which Tenant -Seller <br />may be entitled). Tenant -Seller hereby disclaims any right, title or interest in or to the Premises. <br />Tenant -Seller and Buyer and each and all of their agents, representatives, attorneys, principals, <br />predecessors, successors, assigns, administrators, executors, heirs, and beneficiaries (collectively <br />"Releases"), hereby release the other party, and its Releases, and each of them from any and all <br />obligations, liabilities, claims, costs, expenses, demands, debts, controversies, damages, causes of <br />action, including without limitation those relating to just compensation or damages which any of <br />them now have, or might hereafter have by reason of any matter or thing arising out of or in any <br />way related to any condemnation action affecting the Property, the Improvements and the Tenancy <br />Interest. Additionally, Tenant -Seller hereby expressly and unconditionally waives any claims <br />(known or unknown) including loss of goodwill, severance damages, statutory interest, claims for <br />inverse condemnation or unreasonable pre -condemnation conduct, or any other compensation, <br />damages or benefits, arising from the acquisition of the Premises that Tenant -Seller may have <br />against Buyer, its officials, representatives, and attorneys. <br />14. ACKNOWLEDGMENT CONCERNING CIVIL CODE SECTION 1542. Tenant - <br />Seller aclmowledges that it has been advised by its attorneys concerning, and is familiar with, the <br />provisions of California. Civil Code § 1542, which provides as follows: <br />"A general release does not extend to claims which the creditor does <br />not know or suspect to exist in his or her favor at the time of <br />25D-47 <br />