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 Closing of this transaction for the acquisition of the Property shall take place at the offices of Escrow Holder no later than the Outside Closing Date set forth in Section 1.4.2 (“Closing Date”) unless both Parties mutually agree to extend. Subject to the provisions set forth in Section 1.4.2 above, Buyer shall make the Additional Deposit necessary to keep the Escrow open and current. In no event shall the Closing Date occur later than the Outside Closing Date, (i) unless Buyer opts to extend Escrow by making an optional Escrow Extension Fee payment pursuant to Section 3.2.1 below, or (ii) except as otherwise expressly provided in this Agreement. Possession of the Property shall be delivered to Buyer on the Closing Date 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 in Section 4.1.2. To the extent not previously delivered to Buyer, any originals of the Due Diligence Documents shall be delivered to Buyer on the Closing Date.
3.2.1 At Buyer’s option, Buyer may pay one or more escrow extension fee in an amount equal to two and one-half percent (2.5%) of the Purchase Price or TEN THOUSAND DOLLARS ($10,000.00), whichever is greater (“Escrow Extension Fee”) to extend Escrow for ninety (90) days beyond the Outside Closing Date. Based on the Purchase Price of DOLLARS ($ ) the Escrow Extension Fee is DOLLARS ($ ). Buyer shall have the right to make up to two (2) such Escrow Extension Fee payments, each due at the beginning of each respective Escrow Extension Fee period (for a total possible Escrow of nine (9) months after the expiration of the Due Diligence Period). The first Escrow Extension Fee and the second Escrow Extension Fee, if made, shall be i) immediately released to Seller through Escrow, (ii) except as otherwise expressly provided in this Agreement, shall be immediately non-refundable to Buyer when paid by Buyer, and (iii) shall not be credited toward the Purchase Price whatsoever should Buyer purchase the Property.
1. Furthermore, Buyer and Seller acknowledge that said Escrow Extension Fee(s), if made, would provide for the Closing Date to be extended by a maximum of six (6) months, and that Escrow shall not be extended beyond said date (i) unless mutually agreed by the Parties, in writing, by way ...
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 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. 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. 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. For purposes of this Agreement, the “
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.
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. 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. “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.
