Item A: Beam Development Purchase and Sale Agreement Terms

Home Browse Search

“LEED R” 1.27 means the Leadership in Energy and Environmental EQUIREMENTS Design and all other green building standards required by Agency to be obtained or incorporated by Beam for and into the Project. “L” 1.28 means, collectively, the Earnest Money Loan, the Acquisition Loan and OANS the Centre Court/Vacant Lot Construction Loan. “LD” 1.29 means the promissory note(s), loan agreement(s), trust OAN OCUMENTS deed(s), financing statement(s) and other documents issued by Agency or City and executed by the Parties or delivered in connection with the Loans. “M” 1.30 means a mortgage or deed of trust against the Property, or any ORTGAGE portion thereof, recorded in the real property records of Lane County, Oregon. “M” 1.31 means the holder of any Mortgage encumbering the Property, or ORTGAGEE any portion thereof, together with any successor or assignee of such holder. “NCB” 1.32 means the new building to be constructed on EWLY ONSTRUCTED UILDING the Centre Court/Vacant Lot Property, generally consisting of five (5) above-grade floors and one (1) below grade floor of underground parking, and mirroring, in height and size, the Centre Court Building. “NT” 1.33 has the meaning set forth in Section 14.1.1. OTICE OF ERMINATION “PE” 1.34 means standard exceptions to title under a ERMITTED NCUMBRANCES standard title policy, including encumbrances for taxes and assessments not yet due and payable, and those other liens, encumbrances and exceptions to title shown on the Title Report and not objected to by Buyer within the time and in the manner described in Section 5. “P” 1.35 means the Urban Renewal Plan for the Downtown Urban Renewal LAN District, adopted by the Eugene City Council during July 1968, and amended thereafter from time to time. “PP” 1.36 means that certain real property, located within the City ORTLAND ROPERTY Exhibit E-3 of Portland, more particularly described in . “P” 1.37 means Beam’s acquisition of the Property and redevelopment of the ROJECT Centre Court/Vacant Lot Property. Beam’s redevelopment of the Centre Court/Vacant Lot Property includes the construction of the Newly Constructed Building, the rehabilitation of the existing Centre Court Building and all other improvements made to the Centre Court/Vacant Lot Property. The Newly Constructed Building will be designed for retail ground floor use, with office space on the remaining four (4) floors. The existing Centre Court Building will be designed for retail space on the ground floor and office space on the remaining four (4) floors. The buildings will share an elevator and Page 5 - PURCHASE AND SALE AGREEMENT – DRAFT #3 (20 May 2008)