WHEREAS, Sotheby's, Inc., New York corporation ("Tenant"), is the
tenant under that certain Lease, dated February 7, 2003, between Seller, as
landlord, and Tenant, as tenant, with respect to the Premises (the "Sotheby's
Lease"); and
WHEREAS, Seller desires to sell the Property (as hereinafter defined)
to Purchaser, and Purchaser desires to purchase the Property from Seller, upon
and subject to the terms and conditions of this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements herein contained, the parties hereto covenant and agree
as follows:
1. DEFINITIONS.
AAA
Section 15(i)
Action
Section 15(a)(ii)
Adjoining Land
Section 2(a)
Accelerated Closing Notice
Section 18(b)
Acceleration Revocation
Section 18(b)
Agreement
Preamble
Appeal
Section 15(a)(iii)
Appellate Division
Section 15(a)(iii)
Apportionment Date
Section 7(a)
Appurtenances
Section 2(a)
Arbitration
Section 15(a)(i)
Arbitration Termination Documents
Section 15(d)
Arbitrator
Section 20(g)
Asbestos
Section 11(g)
1
Assumed Loan Liabilities
Section 38(f)(i)(x)
Assumption Costs
Section 38(b)(iii)(1)
Broker
Section 14(a)
Building
Recitals
business day
Section 4(c)
Cap
Section 11(f)
Casualty
Section 13(a)
Closing
Section 18(a)
Closing Conditions
Section 10(b)
Closing Date
Section 18(a)
COJ Escrow Agreement
Section 15(d)
Confessions of Judgment
Section 15(d)
Consent Outside Date
Section 38(e)
Controlled By
Section 28(b)(ii)
Consent Requirements
Section 38(b)(ii)
Controlled Affiliate
Section 28(b)
Continuation
Section 6(b)
Damages
Section 11(c)
Default Rate
Section 7(f)
Defeasance Agent
Section 38(f)(ii)
Defeasance Costs
Section 38(f)(ii)
Defeasance Election Notice
Section 38(e)
Defeasance Escrow Agreement
Section 38(f)(ii)
Deposit
Section 4(a)
Disclosed Survey Items
Section 5(a)
Discontinuance
Section 15(c)(ii)
Dismissal
Section 15(c)(i)
Diligence Party
Section 11(d)
Enforcement Costs
Section 11(c)
Environmental Laws
Section 11(g)
ERISA
Section 11(e)
Existing Financing
Section 38(a)
Existing Mortgage
Section 38(e)(iv)
FATCO
Section 6(a)
2
Final Closing Statement
Section 7(e)
Fuchs
Section 11(c)(ix)
FIRPTA
Section 21
Hazardous Materials
Section 11(g)
Initial Consent Request
Section 38(b)(i)
Interest
Section 20(e)
Land
Recitals
Lender
Section 38(a)
Lender's Consent
Section 38(a)
Lender Reserves and Escrows
Section 38(g)(vi)
Legal Proceedings
Section 15(a)
Liens
Section 6(d)
Limitation Period
Section 11(c)
Limited Cure Items
Section 6(d)
Loan Documents
Section 38(a)
Lost Financing Costs
Section 18(b)
Lost Financing Cost Summary
Section 18(b)
No-Fault Termination
Section 20(h)
Non-Disparagment Parties
Section 29(c)
Notices
Section 19
PCBs
Section 11(g)
Permitted Encumbrances
Section 5
Personalty
Section 2(a)
Preliminary Closing Statement
Section 7(e)
Premises
Recitals
Principal Guaranty
Section 28(b)
Proceeding
Section 11(c)
Property
Section 2(a)
Purchase Price
Section 4(a)
Purchaser
Preamble
Purchaser Affiliates
Section 37(b)
Purchaser Confidentiality Parties
Section 29(a)
Purchaser Defeasance Cost Cap
Section 38(g)(iv)
Purchaser Knowledge Individual
Section 11(d)
Recovery Amounts
Section 11(d)
3
Recourse Rights
Section 37(a)
Release
Section 15(c)(iii)
Report
Section 6(a)
Representations
Section 11(c)
Right of First Offer
Section 2(c)
Royal
Section 6(a)
Rosen
Section 11(c)(ix)
Scheduled Closing Date
Section 18(a)
Security Agreement
Section 4(a)(i)
Seller
Preamble
Seller's Affiliates
Section 37(a)
Seller's Closing Conditions
Section 10(a)
Seller Knowledge Individual
Section 11(c)
Seller Parties
Section 11(a)
Seller Principals
Section 11(c)(ix)
Seller's Title Affidavit
Section 17(a)(viii)
Servicer
Section 38(a)
Sotheby's Lease Guaranty
Section 2(a)
Sotheby's Lease
Recitals
Survey
Section 5(a)
Supreme Court
Section 15(ii)
Taking
Section 13(a)
Tenant
Recitals