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<br /> Exhibit 7 to this Agreement, the Bill of Sale in the form of <br /> Exhibit 8 and a Transfer and Assignment in the form of Exhibit 9. <br /> (g) CITY shall have reasonably determined that the <br /> condition of title to the property to be conveyed, transferred <br /> and assigned by LCRA to CITY is acceptable to CITY. Exceptions to <br /> title may be considered as a basis for dissatisfaction with the <br /> condition of title and LCRA shall within fifteen (15) days take <br /> steps to cure any title defects which can be remedied. <br /> (h) CITY shall have reasonably determined by inspection <br /> the accuracy of all inventories described in this Agreement. <br /> 7.09 The obligation of LCRA to make the conveyances required <br /> pursuant to this Agreement and the obligation of CITY to make the <br /> payment required to be made by it pursuant to this Agreement are <br /> subject to the fulfillment, prior to or at the Closing, of each of <br /> the following conditions, or the waiver of such conditions by <br /> LCRA and CITY: <br /> (a) Any release of lien under any mortgage indenture of <br /> LCRA shall have been received by LCRA and a certified copy thereof <br /> shall have been delivered to CITY; and <br /> (b) LCRA shall have obtained all requisite governmental <br /> and regulatory consents and approvals for the conveyance, transfer <br /> and assignment to CITY contemplated by this Agreement, including, <br /> but not limited to, the transfer of LCRA's Certificate of <br /> Convenience and Necessity for the San Marcos District Electric <br /> Distribution System. <br /> 17. <br />