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“SL” <br />1.47 means the construction loan financing for the Project, and any <br />ENIOR OAN <br />refinancing thereof, which, in each instance, shall be subject to the prior approval of <br />Agency in its reasonable discretion. <br /> <br />“T” <br />1.48 shall have the meaning set forth in Section 17. <br />AKING <br /> <br />“TP” <br />1.49 shall have the meaning set forth in Section 7. <br />ITLE OLICY <br /> <br />“TR” <br />1.50 means the preliminary title reports for the Centre Court/Vacant <br />ITLE EPORT <br />Lot Property and the Washburne Property, dated as of February 19, 2008 and February <br />16, 2008, respectively, issued by the Escrow Agent as required by this Agreement and <br />showing the condition of title to the Property, together with copies of all exceptions listed <br />therein. <br /> <br />“TD” <br />1.51 means the deed of trust encumbering the Property and the <br />RUST EED <br />Portland Property executed in favor of Agency and securing, from time to time, the <br />Loans. <br /> <br />“WB” <br />1.52 means the building located on the Washburne Property <br />ASHBURNE UILDING <br />which generally consists of two (2) above grade and one (1) below grade floors, with a <br />total of approximately 33,261 square feet of commercial space. <br /> <br />“WP” <br />1.53 means certain real property, located within the City of <br />ASHBURNE ROPERTY <br />Exhibit A-2 <br />Eugene, more particularly described in . <br /> <br />2. APS <br />. On and subject to each of the terms, covenants, <br />GREEMENT TO URCHASE AND ELL <br />conditions and other provisions set forth in this Agreement, Buyer agrees to purchase and Seller <br />agrees to sell the Property for the Purchase Price. <br /> <br />3. PPP. <br /> Buyer shall pay Seller the Purchase Price, as follows: <br />AYMENT OF URCHASE RICE <br /> <br />D. <br />3.1 Buyer shall deposit with the Escrow Agent or Seller the Earnest <br />EPOSIT <br />Money upon Buyer’s approval of Buyer’s due diligence investigation pursuant to Section <br />5. <br /> <br />B. <br />3.2 The balance of the Purchase Price shall be paid at Closing with the <br />ALANCE <br />proceeds of the Acquisition Loan. <br /> <br />4. C. <br />The Closing shall take place at the office of the Escrow Agent on the Closing <br />LOSING <br />Date described below. <br /> <br />CD. <br />4.1 The parties shall select a mutually agreeable date for the Closing <br />LOSING ATE <br />Date provided, however, that the Closing Date shall be no sooner than July 1, 2008 nor <br />later than July 7, 2008. <br /> <br />CM. <br />4.2 <br />LOSING ECHANICS <br />Page 7 - PURCHASE AND SALE AGREEMENT – DRAFT #3 (20 May 2008) <br /> <br />