Laserfiche WebLink
<br />thereon. <br /> <br />The CITY shall assume liability for such deposits and <br /> <br />shall preserve them so as to insure that the customers' rights in <br /> <br />the deposit are not harmed by this transfer. <br />7.05 LCRA shall afford CITY, or an independent certified <br /> <br />public accountant designated by CITY, reasonable opportunity to <br />review the books and records of LCRA so as to permit CITY, at its <br /> <br />'own expense, to confirm the accuracy of any amount required to be <br /> <br />paid by LCRA under this Agreement. <br /> <br />LCRA and CITY shall cooperate <br /> <br />in order to complete this review five (5) days prior to Closing. <br />7.06 The Closing of the purchase and conveyance and <br /> <br />assignment contemplated by this Agreement shall take place at <br /> <br />LCRA's offices in Austin, Texas, or at such other place as may be <br /> <br />mutually agreed upon by the Parties, on or before October 30, <br />1986': prov ided, however, the date for Closing shall be subject to <br /> <br />extension as provided in Sections 9.01 and 14.09 of this <br /> <br />Agreement. <br /> <br />7.07 The obligation of LCRA to make the conveyances required <br />pursuant to Articles II and VI of this Agreement is subject to the <br /> <br />fulfillment, prior to or at the Closing, of each of the following <br /> <br />conditions: or the waiver of such conditions by LCRA: <br /> <br />( a) <br /> <br />LCRA shall not have discovered any material error <br /> <br />or omission in the representations or warranties made by CITY to <br /> <br />LCRA . <br /> <br />( b) <br /> <br />CITY shall have delivered to LCRA a certificate <br /> <br />from an Officer of CITY, dated the date of the Closing, confirming <br /> <br />13. <br />