Close of Escrow; Closing Date. Escrow shall close on or prior to the date ninety (90) days after the Entitlement Approval Date (the "Closing Date"), unless mutually extended by the Parties or extended by Xxxxxx Homes through the Closing Extensions, as defined below, provided that the conditions to Closing described in Section 4 below have been satisfied. The District at its sole discretion may extend the Closing Date for up to two (2) thirty (30) day periods by providing written notice of such extension to Xxxxxx Homes at least ten (10) days prior to the then Closing Date. Xxxxxx Homes at its sole discretion, may also extend the Closing Date for up to two (2) thirty (30) day periods by providing written notice of such extension to the District at least ten (10) days prior to the then Closing Date and by also making an additional deposit of Two Hundred Fifty Thousand Dollars ($250,000) for each extension (each a “Closing Date Extension Deposit”). Xxxxxx Homes may issue a total of two such Closing Date Extension Deposits to extend the Closing Date to a potential total of sixty (60) days. Any Closing Date Extension Deposit made by Xxxxxx Homes shall be applicable to the DP Exchange Value and shall be nonrefundable except in the event of the District’s default or termination of the Agreement under Section 2.5. The terms the "Close of Escrow", and/or the "Closing" are used herein to mean the date the Grant Deeds (as the term is defined in Section 3.4 herein) are recorded in the Office of the County Recorder of the County(s) in which the Properties are located. Possession of the District Property shall be delivered to Xxxxxx Homes at the Close of Escrow free and clear of all tenancies, lessees, occupants, licensees, and all possessory rights of any kind or nature, except for any Permitted Exceptions, as set forth and defined in Section 4.1.5 herein. At the Close of Escrow, either (i) possession of the Exchange Property (and the Additional Cash Consideration, if applicable) shall be delivered to District free and clear of all tenancies, lessees, occupants, licensees, and all possessory rights of any kind or nature, except for any Permitted Exceptions, as set forth and defined in Section 4.2.4 herein, or (ii) the DP Exchange Value shall be delivered to District or held in Escrow until an Exchange Property is identified and acquired, in the sole and absolute discretion of District, which shall be made evident by appropriate instructions to the Escrow Holder.
Close of Escrow; Closing Date. Escrow shall close no later than the date that is fifteen (15) days after the expiration of the Due Diligence Period, and after all of the conditions to closing described in Section 4 below have been satisfied or waived by the respective Party (the “Closing Date”) (“Closing Date,” “Close of Escrow,” and/or the “Closing”). Provided that all of the conditions of this Agreement shall have been satisfied (or waived, if applicable) prior to or on the Closing Date, the Closing of this transaction for the acquisition of the Property shall take place at the offices of Escrow Holder on or before the Outside Closing Date set forth herein (“Closing Date”) unless both Parties mutually agree to extend. For purposes herein, the term "Close of Escrow" shall mean the date on which a fully executed and acknowledged original of the Grant Deed is recorded in the Official Records of Orange County, California.
Close of Escrow; Closing Date. Escrow shall close on or prior to December 31, 2024 (the "Closing Date"), provided that the conditions to Closing described in Section 4 below have been satisfied.
Close of Escrow; Closing Date. “Close of Escrow” shall mean the date on which the Grant Deed conveying title from Seller to Buyer is recorded in the Official Records of the County Recorder of Riverside County, California. The form of the Grant Deed will be as set forth in Exhibit D attached hereto. Provided that this Agreement is not earlier terminated pursuant to the terms and provisions hereof, and provided that all of the conditions precedent to the Close of Escrow set forth in this Agreement have been approved or waived as herein provided, Escrow shall close on or before fifteen (15) days following expiration of the Due Diligence Period, if any, or in the event the Due Diligence Period is waived, thirty (30) days following the Effective Date (“Closing Date”). Seller may terminate this Agreement if Seller has performed its obligations hereunder, and failure to close Escrow results from a material default by Buyer. Buyer may terminate this Agreement if Buyer has performed its obligations hereunder, and failure to close Escrow results from a material default by Seller. By causing the Close of Escrow to occur, Escrow Holder shall be deemed to have irrevocably committed to cause the Title Company to issue the Title Policy to Buyer. If the County Recorder of Riverside County, California is closed on the last day for closing Escrow, then the parties agree that Escrow Holder shall have until the next day the Recorder is open to record the Grant Deed and close Escrow.
Close of Escrow; Closing Date. Escrow shall close on or before the date that is sixty (60) days after the Opening of Escrow (“Closing Date”). The terms “Close of Escrow” and/or the “Closing” shall mean the date the “Grant Deed” (as that term is defined in Section 8.6 hereof) conveying fee title to the Site to CDC is recorded in the Office of the County Recorder of Los Angeles County, California. Possession of the Site shall be delivered to CDC at the Close of Escrow free and clear of all tenancies, lessees, occupants, and all possessory rights of any kind or nature.
Close of Escrow; Closing Date. The "close of escrow" shall mean the date on which the Grant Deed (as defined in Section 7.6.1 below) is recorded in the Official Records of Lawrence County, Ohio. Provided all conditions to the close ox xxxxxx set forth in this Agreement have been approved or waived as herein provided, and subject to extension as provided below, the close of escrow shall take place on or about the Closing Date.
Close of Escrow; Closing Date. Escrow shall close no later than the date that is five (5) days after the expiration of the Due Diligence Period (“Closing Date,” “Close of Escrow,” and/or the “Closing”), unless both Parties mutually agree to extend. The terms the “Close of Escrow,” and/or the “Closing” are used herein to mean the date the Grant Deed (as the term is defined in Section 3.3 herein) is recorded in the Office of the County Recorder of Los Angeles, California. Possession of the Property shall be delivered to Buyer at the Close of Escrow free and clear of all tenancies, lessees, occupants, licensees, and all possessory rights of any kind or nature, except as set forth in this Agreement.
Close of Escrow; Closing Date. The “Close of Escrow” shall mean the closing of the purchase and sale of the Property pursuant to this Offer, as evidenced by the recording of the Quitclaim Deed in the Official Records of the County Recorder of Sacramento County, California. The Close of Escrow shall take place on the date thirty (30) days from the date Seller executes and delivers a signed copy of the Acceptance attached to this Offer to the Escrow Holder (“Closing Date”).
Close of Escrow; Closing Date. “Closing,” “Closing Date” and the “Close of Escrow” each mean the date upon which the deed to the Option Property is recorded with the Placer County Recorder. The Close of Escrow shall occur no later than thirty (30) days after the delivery of an Exercise Notice.
Close of Escrow; Closing Date. Provided that all of the conditions of this Agreement shall have been satisfied (or waived, if applicable) prior to or on the Closing Date, the close of escrow for the acquisition of the Property shall take place at the offices of Escrow Holder on or before thirty (30) days after the close of the Due Diligence Period (“Closing Date”) unless Buyer exercises its option to extend the Closing Date pursuant to Section 1.4.2, in which case the Closing Date shall be extended by thirty (30) days.
