Lululemon 2010 Annual Report Download - page 122

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- 25 -
ARTICLE 9
MISCELLANEOUS
Encumbrances, and not to release such amount to the Vendor until such charges have been so released.
8.6
C
LOSING
D
ELIVERIES
.
To the extent that the Vendor has not already delivered such items to the Purchaser and such items are within the possession or control
of the Vendor, the Vendor will deliver to the Purchaser, within three (3) Business Days after the Completion Date, the items listed
below:
(a)
originally executed copies of the Leases and all guarantees, indemnities and covenants in respect thereof;
(b)
originally executed copies of the written Service Contracts assigned to the Purchaser;
(c)
all keys and like devices for the Lands and the Equipment which are in the possession or control of the Vendor;
(d) all files, manuals, plans and other relevant documents in the possession or control of the Vendor pertaining to the Lands and
reasonably required by the Purchaser for the future continuous operation of the Lands;
(e) all instructions, manuals, plans and other documents associated with any of the Equipment or any of the improvements on the
Lands which are in the possession or control of the Vendor; and
(f) to the extent they are in the Vendor’s possession or control, duplicates of the documents referred to in subsections 4.1(b)
and (c).
8.7
E
LECTION
.
If on the Completion Date any of the representations or warranties made by the Vendor is untrue in any material respect or the Vendor
is in default in a material way under any of the covenants and agreements to be observed or performed by the Vendor under this
Agreement, the Purchaser may elect not to complete the purchase of the Purchased Property hereunder or to complete the purchase of
the Purchased Property hereunder, in either case without prejudice to any rights or remedies the Purchaser may have in respect of the
Vendor
’
s breach or default.
9.1
T
IME
.
Time will be of the essence of this Agreement and will remain of the essence notwithstanding the extension of any of the dates
hereunder.
9.2
N
O
W
AIVER
.
No failure or delay on the part of either party in exercising any right, power or privilege under this Agreement will operate as a waiver
thereof, nor will any single or partial exercise of any right, power or privilege preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. Except as may be limited herein, either party may, in its sole discretion, exercise any
and all rights, powers, remedies and recourses available to it under this