upr000258 124

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 XX It is fete intention of the parties hereto that the proper­ties referred to in Section I of the sal® Agreement shall te trans­ferred to the M a t r l e t and that the Preliminary Fuvehaee Price (hereinafter defined) be paid to the Sellers on July 1* IS5&$ or on wmh other date as the parties shall mutually designate in writing, which date Is hereinafter referred to m the "sale date*'* It is a-greed that the purchase price of said properties as of April 3#, 1954# computed as provided in Sections 8, 9 and 10 of the Sale A-greesteni# i# I....... » which amount is ? terete referred to m the ?* Preliminary Purchase Price1. Adjustments in the purchase price to be eade pursuant to the provisions of Sections 9 and 10 of the Sale Agreement for the period1.# ffey 1# 1954# to the sale date# cannot- be made until the aeeetmtteg for said adjustments cy Sellers and the approval, thereof by the district have men completed sufse­quent to the sale date. However the parties terete estimate that the purchase prise of the said properties upon the sale date will ? _ _______-.. * which amount is hereinafter referred to as ?’Ss-t tested Purchase Price'. fhe differenee between the Preliminary Purchase Price and the Intimated. Purchase Price# feeing $ is hereinafter referred to as *Purchase Price Adjustment fund1 , it is agreed that the said properties shall m transferred and conveyed to the District, upon the sal# date upon payment to the Sellers of the Preliminary Purchase Price and that the Purchase Price Adjust* M.nt fund shall be held by you end die'cursed to the party entitled thereto In accordance with fetes# instructions after fete accounting