11. DISMISSAL OF EMINENT DOMAIN ACTION. If Buyer has previously filed an
<br />action to condemn the Tenancy Interest and /or Tenant - Seller's interest in the Improvements,
<br />Tenant - Seller hereby consents to the dismissal of such action and waives any claims for
<br />compensation, costs, attorney's fees and deposits in said action, or any claim whatsoever which
<br />might 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 funds
<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 amount 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. FULL AND COMPLETE SETTLEMENT. Tenant - Seller hereby aelmowledges 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 other claims that Tenant - Seller may have, whether
<br />or not specifically mentioned here, relating directly or indirectly to the acquisition by Buyer of the
<br />Property, the Improvements and the Tenancy Interest (but excluding loss of business goodwill and
<br />relocation benefits to which Tenant - Seller may be entitled). Tenant - Seller hereby disclaims any
<br />right, title or interest in or to the Premises. Tenant - Seller and Buyer and each and all of their
<br />agents, representatives, attorneys, principals, predecessors, successors, assigns, administrators,
<br />executors, heirs, and beneficiaries (collectively "Releases "), hereby release the other party, and its
<br />Releases, and each of them from any and all obligations, liabilities, claims, costs, expenses,
<br />demands, debts, controversies, damages, causes of action, including without limitation those
<br />relating to just compensation or damages which any of them now have, or might hereafter have by
<br />reason of any matter or thing arising out of or in any way related to any condemnation action
<br />affecting the Property, the Improvements, including the Moveable Furniture Fixtures and
<br />Equipment, and the Tenancy Interest. Additionally, Tenant - Seller hereby expressly and
<br />unconditionally waives any claims (Imown or unlmown) including severance damages, statutory
<br />interest, claims for inverse condenmation or unreasonable pre - condemnation conduct, or any other
<br />compensation, damages or benefits, arising from the acquisition of the Premises that Tenant - Seller
<br />may have against Buyer, its officials, representatives, and attorneys.
<br />14. ACKNOWLEDGMENT CONCERNING CIVIL CODE SECTION 1542. Tenant -
<br />Seller acknowledges 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 />3
<br />25K -7
<br />
|