Res 1986-095B - Laserfiche WebLink

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Exhibit 15B attached to this Agreement and incorporated at this point by reference. ARTICLE IX CLOSING DATE AND RISKS PENDING CLOSING 9.01 The Closing Date under this Agreement shall be August 28, 1986. It is agreed, however, that at the option of CITY or LCRA, the Closing Date may be postponed until a date up to ninety (90) days after the date that LCRA obtains the requisite approval of the Public Utility Commission of Texas, provided the Party exercising this option shall give the other Party not less than five (5) days actual notice. Any such notice shall be confirmed in writing. 9.02 Neither Party shall be required to close hereunder until all conditions herein set forth upon which its obligation to close hereunder is based shall have been fully performed. 9.03 If bona fide litigation shall arise, challenging the legal right of either Party to make and perform this Agreement, LCRA and CITY, respectively, have the right, at any time prior to the Closing Date, to suspend and postpone the consummation of this Agreement until such right shall have been sustained by a final judgment of a court of competent jurisdiction, but neither Party shall be obligated hereunder if such litigation shall prevent Closing hereunder for a period in excess of one year from the date hereof. 9.04 In the event that between the date hereof and the Closing hereunder, any part, whether substantial or minor, of the 19.