Close of Escrow. Provided that the Title Company has not received from Seller or Purchaser any written termination notice as described and provided for in Section 4.5 (or if such a notice has been previously received, provided that the Title Company has received from such party a withdrawal of such notice), when Purchaser and Seller have delivered the documents required by Section 4.3, the Title Company will:
(a) If applicable and when required, file with the Internal Revenue Service (with copies to Purchaser and Seller) the reporting statement required under Section 6045(e) of the Internal Revenue Code and Section 4.9;
(b) Insert the applicable Closing Date as the date of any document delivered to the Title Company undated, and assemble counterparts into single instruments;
(c) Disburse to Seller, by wire transfer to Seller of immediately available federal funds, in accordance with wiring instructions to be obtained by the Title Company from Seller, all sums to be received by Seller from Purchaser at the Closing, comprised of the Purchase Price as adjusted in accordance with the provisions of this Agreement;
(d) Deliver the Deed to Purchaser by agreeing to cause the same to be recorded in the Official Records and agreeing to obtain conformed copies of the recorded Deed for delivery to Purchaser and to Seller following recording;
(e) Issue to Purchaser the Title Policy required by Section 6.2(a) of this Agreement;
(f) Deliver to Seller, in addition to Seller's Closing proceeds, all documents deposited with the Title Company for delivery to Seller at the Closing; and
(g) Deliver to Purchaser (i) all documents deposited with the Title Company for delivery to Purchaser at the Closing and (ii) any funds deposited by Purchaser in excess of the amount required to be paid by Purchaser pursuant to this Agreement.
Close of Escrow. Upon satisfaction or completion of the foregoing conditions and deliveries, the parties shall direct the Escrow Agent to immediately record and deliver the documents described above to the appropriate parties and make disbursements according to the closing statements executed by Seller and Purchaser.
Close of Escrow. Section 14(G) of the Agreement is hereby stricken in its entirety. Closing shall occur on or before the Close of Escrow date defined in the Agreement. The Close of Escrow date shall not be extended as a result of Buyer failing to comply with any provision of the Agreement. If Buyer does not complete the sale on the Close of Escrow date due to Buyer’s failure to comply with any provision of the Agreement, Buyer will be in breach, subjecting the Agreement to cancellation and entitling Seller to the Deposit; provided, however, that the parties are free to negotiate and execute a written Close of Escrow extension.
Close of Escrow. Upon the satisfaction or waiver of all conditions hereto, AGENCY and BUYER instruct Escrow Holder to close escrow by recording the Quitclaim Deed in the Official Records of Sacramento County and disbursing the Purchase Price to AGENCY, less any amounts payable by AGENCY hereunder (hereinafter referred to as “Close of Escrow”), as soon as practicable once this Agreement has been executed by all parties. Both AGENCY and BUYER agree that time is of the essence in this matter and agree to take whatever steps are reasonably necessary to ensure that all conditions of this escrow are satisfied in a timely manner.
Close of Escrow. (a) As used herein, “Close of Escrow” means and refers to the close of Escrow for the Property and the transfer of fee title to the Property by the SELLER to the BUYER pursuant to grant deed in the form of Exhibit “B” attached hereto (the "Deed"). The Close of Escrow shall take place on the Closing Date. The “Closing Date” shall mean the date on which the conditions set forth in this Agreement for the Close of Escrow and for the transfer of the Property have been satisfied, and the Deed is recorded by the Escrow Holder; provided that in no event shall BUYER be obligated to close unless it has received at least ten (10) days’ advance notice from the SELLER of the anticipated date for satisfaction of such conditions to Close of Escrow. The Property shall be transferred to BUYER at the Close of Escrow; provided that, within the periods of time set forth in this Agreement: (i) BUYER has not terminated this Agreement, (ii) BUYER has accepted the Deed; and (iii) all other conditions of the Close of Escrow set forth in this Agreement, including without limitation as set forth in Sections 7(b) and 7(c) below, have been met and BUYER has paid, or caused to be paid to the Escrow Holder all applicable Escrow costs relating to such closing. The Close of Escrow shall occur on a date that is no later than fifteen (15) days after the expiration of the Entitlement Period. The BUYER may elect to extend the Entitlement Period up to an additional six (6) months (to a date that is twenty- four months (24) months following the Opening of Escrow) in exchange for the BUYER’s one- time payment of $300,000.00 (Three Hundred Thousand Dollars) (“Escrow Extension Deposit”) which amount will be paid directly to SELLER and added to the Deposit. The extension of the Entitlement Period shall only be effective for the additional six (6) month period, if BUYER delivers the Escrow Extension Deposit to SELLER prior to the last day of the initial eighteen (18) month Entitlement Period. Such Escrow Extension Deposit will be non- refundable, but shall be applied toward the Purchase Price. The BUYER may elect to extend the Entitlement Period up to an additional four (4) months (to a date that is twenty-eight (28) months following the Opening of Escrow) if all entitlements have not yet been issued, and the BUYER delivers to the Escrow Holder, this First Amendment memorializing the extension of the Entitlement Period, prior to the last day of the twenty-four (24) month Entitlement Period. In the e...
Close of Escrow. The Escrow shall close on or before November 1, 2010, provided that Buyer and Seller may close, but shall not be obligated to close, the Escrow upon such other earlier or later date as Buyer and Seller may mutually agree in writing.
Close of Escrow. The term "Close of Escrow" shall mean the consummation of the purchase of the Property by Buyer from Seller and the recordation of Seller's Grant Deed(s) in accordance with the terms and provisions of this Agreement.
Close of Escrow. In accordance with article 10 of the DDA, before the close of Escrow on any property to be conveyed by the Agency to Developer under the DDA, Developer shall notify the Agency of the satisfaction of all conditions to the close of Escrow. Developer shall take into account the review and approval periods and process under this DRDAP, the Interagency Cooperation Agreement, and the Planning Cooperation Agreement, including times for design review presentations to the Agency Commission, the Arts Commission, and the CAC and the PAC, if applicable, as may be needed to meet the Outside Dates set forth in the DDA.
Close of Escrow. Close of Escrow (“XXX”) shall be on or before: 3 (date). If the designated date falls on a weekend or holiday, XXX shall be the next business 4 day. 5 6
Close of Escrow. Escrow shall close at a mutually agreeable date (“Close of Escrow”) within thirty (30) days after the expiration of the Due Diligence Period (as such period may be extended pursuant to Paragraph 5.1 hereof).
