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Extract to table / draft-purchase-and-sale-agreement.docx
draft-purchase-and-sale-agreement.docx
Parties
CONFIDENTIAL PURCHASE AND SA
Between MERIDIAN GATEWAY HOLDINGS LLC
Harkness LLP
Contents PURCHASE AND SA
AGREEMENT THIS PURCHASE AND SA
MERIDIAN GATEWAY HOLDINGS LLC
Briarwood Family Office LLC
Prestige Escrow Services LLC
Dates
March 14, 2026
June 30, 2026
April 11, 2026
May 26, 2026
April 14, 2011
March 2, 2011
December 31, 2027
July 31, 2026
June 15, 2020
July 1, 2025
Amounts
$100.00
$3,000,000.00
$41,100,000.00
$28,700,000.00
$6,000,000.00
$120,000,000.00
$9,000,000.00
$111,000,000.00
$2,000,000.00
$68,500,000
Obligations
1 — Defined Terms As used in this Agreement, the following terms shall have the meanings set forth below: "Additional Deposit" shall mean the sum of Three Million and 00/100 Dollars ($3,000,000
"Assignment of Leases" shall mean the assignment and assumption of leases, together with all security deposits and prepaid rents, in the form attached hereto as Exhibit C, pursuant to which Seller shall assign, and Purchaser shall assume, all of Seller's rights, obligations, and liabilities as landlord under the Leases, to the extent arising from and after the Closing Date
"Bill of Sale" shall mean the bill of sale in the form attached hereto as Exhibit D, transferring all Personal Property from Seller to Purchaser
"Block/Lot" shall mean Block 754, Lot 42, Borough of Manhattan, City and County of New York, State of New York, as shown on the Tax Map of the City of New York
If any period of time or deadline set forth in this Agreement shall expire or fall on a day that is not a Business Day, such period or deadline shall automatically be extended to the next succeeding Business Day
"Closing Date" shall mean June 30, 2026, or such earlier or later date as the Parties may mutually agree in writing; provided, however, that in no event shall the Closing Date be later than the Outside Date