Common use of 1Place and Date Clause in Contracts

1Place and Date. The Closing (the “Closing”) shall occur on or before the date that is latest of: (a) thirty (30) days following the Assistance Approval Date or (b) sixty (60) days after the expiration of the Approval Period (the “Closing Date”) but in no event shall the Closing occur prior to December 31, 2017. The Closing will be held remotely or at the offices of the Title Company, unless the parties mutually agree in writing upon another place, time or date, At Seller’s or Buyer’s election, the Closing may be effectuated by forwarding all executed documents and other items necessary to effect the Closing to the Title Company, without the necessity of the parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow. Notwithstanding the foregoing, Buyer shall have the right, exercisable not later than two(2) days before the then scheduled Closing Date, to extend the Closing Date by thirty (30) days, two (2) separate times (each, an “Extension Option”), each time upon the delivery to Seller of such election and the depositing into Escrow of an additional deposit of Five Thousand Dollars ($5,000) (each, an “Extension Deposit”), which shall become part of the Deposit, and shall be credited toward the Purchase Price of the Property on the Closing Date.

1Place and Date. The Closing (the “Closing”) shall occur on a date determined by Buyer and set forth in a written notice provided by Buyer to Seller (the “Closing Date”), which Closing Date shall be on or before the date (the “Outside Closing Date”) that is the latest of: (a) thirty forty-five (30) days following the Assistance Approval Date or (b) sixty (6045) days after the expiration of the Approval Period Period; or (b) fifteen (15) days after receipt by Buyer of the “Closing Date”) but in no event shall the Closing occur prior to December 31, 2017HUD. Approval. The Closing will be held remotely or at the offices of the Title Company, unless the parties mutually agree in writing upon another place, time or date, At Seller’s or Buyer’s election, the Closing may be effectuated by forwarding all executed documents and other items necessary to effect the Closing to the Title Company, without the necessity of the parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow. Notwithstanding the foregoing, Buyer shall have the right, exercisable not later than two(2the earlier of two (2) days before the then scheduled Closing DateDate or the Outside Closing Date then in effect, to extend the Outside Closing Date by thirty (30) days, two (2) separate times (each, an “Extension Option”), each time upon the delivery to Seller of such election and the depositing into Escrow of an additional deposit of Five Fifteen Thousand Dollars ($5,00015,000) (each, an “Extension Deposit”), which shall become part of the Deposit, and shall be credited toward the Purchase Price of the Property on the Closing Date.

1Place and Date. The Closing (the “Closing”) shall occur on or before the a date that chosen by Buyer which date is latest of: no later than ten (a) thirty (3010) days following the date on which Buyer obtains all the Assistance Approval Date or (b) sixty (60) days after the expiration of the Approval Period Approvals (the “Closing Date”) but in no event shall the Closing occur prior to December 31, 2017). The Closing will be held remotely or at the offices of the Title Company, unless the parties mutually agree in writing upon another place, time or date, At Seller’s or Buyer’s election, the Closing may be effectuated by forwarding all executed documents and other items necessary to effect the Closing to the Title Company, without the necessity of the parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow. Notwithstanding the foregoing, Buyer shall have the right, exercisable not later than two(2) days before the then scheduled Closing Date, to extend the Closing Date by thirty (30) days, two (2) separate times (each, an “Extension Option”), each time upon the delivery to Seller of such election and the depositing into Escrow of an additional deposit of Five Thousand Dollars ($5,000) (each, an “Extension Deposit”), which shall become part of the Deposit, and shall be credited toward the Purchase Price of the Property on the Closing Date.