Examples of Closing in a sentence
Seller shall cause the Property and FF&E to be free and clear of any possessory interest whether under a lease or otherwise on the Closing Date, except where approved by Buyer in writing prior to the Closing Date.
At or prior to expiration of the Due Diligence Period, Buyer shall provide to Seller a schedule setting forth the list of all the Service Contracts that shall be assigned to, and assumed by, Buyer at the Closing (the “Assumed Contracts”).
Real property taxes and assessments, water, sewer and utility charges, amounts payable under the Assumed Contracts, annual permits and/or inspection fees (calculated on the basis of the period covered), and other expenses normal to the operation and maintenance of the Property, shall be prorated as of 12:01 a.m. on the Closing Date on the basis of a 365-day year.
Prior to Closing, Seller will terminate, at Seller’s cost for the benefit of Buyer, all of the Service Contracts other than the Assumed Contracts.
On or before the Closing Date, Buyer shall have entered into a contract with Black Hills Energy (“BHE”) for the provision of electric power meeting the Minimum Power Requirement to the Property on commercially reasonable terms for bitcoin mining operations, in Buyer’s reasonable opinion.