4.Adjustments and pro_rations shall be made at Closing for rent, utilities, and property taxes. 5.Buyer must find acceptable financing for a portion of the purchase price. (could be a contingency) 6.Seller shall assist in delivering, and Buyer must receive, a lease agreement with rates and terms that are acceptable to the Buyer for the property at specified address.
Closing shall be on or before specified date at a place and time agreeable to all parties. From the signing of this letter of intent until Closing, Seller shall operate its business under the normal course of business and Seller shall not present, enter into discussions, or offer to sell its business to any other party. This paragraph shall be binding on the parties although the balance of this letter only expresses the intentions of the parties.