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AGENCY LETTERHEAD Date Name Address City, State, Zip Code Re: Offer and Acceptance of the name, location Dear : The State Agency , hereinafter referred to as Buyer, herewith submits to the Name of Seller , hereinafter referred to as Seller, this offer to purchase the below described Property for the sum of 9999X, hereinafter referred to as Purchase Price, subject to approval of the Governor of Arkansas, review of Arkansas Legislative Council , other and the seller, as well as the Arkansas Attorney General s Office approval of the title , and subject to the following terms and conditions: 1.. Seller will manage, operate, repair and maintain the Property (making all necessary repairs and replacements and performing all necessary maintenance) in accordance with prudent management and operating standards and will keep the Property in as good a condition as exists on the date this Agreement is executed, and will not, prior to the closing, delay or defer repair, replacement or maintenance work required in the ordinary course.. Any notice to be given by either party to this Agreement shall be in writing and shall either be delivered personally, or by telecopy or other commercial delivery service addressed as follows: Seller: Buyer: With a copy to: Notice shall be deemed given on receipt, if delivered by hand or by telecopy, or when delivered to the carrier delivering same, delivery charges paid and properly wrapped, sealed and addressed..