Common use of Closing and Delivery of Documents Clause in Contracts

Closing and Delivery of Documents. Closing of title shall take place on or about May 15, 1998 or within thirty (30) days of the waiver or satisfaction of all of Purchaser's Contingencies, whichever date shall first occur, at such time as is convenient for and agreed to by the parties. Seller acknowledges agrees that since the Purchaser may be obtaining mortgage financing, the closing will take place at the offices of Purchasers' SALE OF 00 XXXXXXXXXX XXXXXXX Page-7 -------------------------------------------------------------------------------- attorneys, or such other location as is designated by Purchaser's lender. At the closing, Seller shall deliver a Deed of Bargain and Sale with Covenant against Grantors Acts, an affidavit of title, a corporate resolution authorizing the sale, an affidavit that the Seller is not a foreign person as defined in Section 1445 of the Internal Revenue Code ("FIRPTA Affidavit") and shall deliver and/or execute such other documents as Purchaser's title insurance company and/or mortgage lender may reasonably request or require. Seller agrees that it shall not convey title pursuant to a power of attorney. In the event Purchaser obtains a survey of the premises from a surveyor licensed in the State of New Jersey, Seller agrees to use a legal description in accordance with such survey, provided such survey is certified to Seller, a copy of which shall be provided to Seller by Purchaser in advance of closing. Seller and Purchaser agree to exchange copies of the closing documents not less than five (5) days prior to closing.

Closing and Delivery of Documents. Closing of title shall take place on or about May 15February 24, 1998 or within thirty (30) days of the waiver or satisfaction of all of Purchaser's Contingencies, whichever date shall first occur, at such time as is convenient for and agreed to by the parties. Seller acknowledges agrees that since the Purchaser may be obtaining mortgage financing, the closing will take place at the offices of Purchasers' SALE OF 00 XXXXXXXXXX XXXXXXX Page-7 -------------------------------------------------------------------------------- attorneys, or such other location as is designated by Purchaser's lender. At the closing, SALE OF 00 XXXXXXXXXX XXXXXXX Page-7 -------------------------------------------------------------------------------- Seller shall deliver a Deed of Bargain and Sale with Covenant against Grantors Acts, an affidavit of title, a corporate resolution authorizing the sale, an affidavit that the Seller is not a foreign person as defined in Section 1445 of the Internal Revenue Code ("FIRPTA Affidavit") and shall deliver and/or execute such other documents as Purchaser's title insurance company and/or mortgage lender may reasonably request or require. Seller agrees that it shall not convey title pursuant to a power of attorney. In the event Purchaser obtains a survey of the premises from a surveyor licensed in the State of New Jersey, Seller agrees to use a legal description in accordance with such survey, provided such survey is certified to Seller, a copy of which shall be provided to Seller by Purchaser in advance of closing. Seller and Purchaser agree to exchange copies of the closing documents not less than five (5) days prior to closing.

Closing and Delivery of Documents. Closing of title shall take place on or about May 15June 1, 1998 or within thirty (30) days of the waiver or satisfaction of all of Purchaser's Contingencies, whichever date shall first occur, at such time as is convenient for and agreed to by the parties. Seller acknowledges agrees that since the Purchaser may be obtaining mortgage financing, At the closing which will take place at the offices of Purchasers' SALE OF 00 XXXXXXXXXX XXXXXXX Page-7 -------------------------------------------------------------------------------- attorneys, or such other location as is designated by Purchaser's lender. At the closingpremises, Seller shall deliver a Deed of Bargain and Sale with Covenant against Grantors Acts, an affidavit of title, a corporate resolution authorizing the sale, an affidavit that the Seller is not a foreign person as defined in Section 1445 of the Internal Revenue Code ("FIRPTA Affidavit") and shall deliver and/or execute such other documents as Purchaser's title insurance company and/or mortgage lender may reasonably request or require. Seller agrees that it shall not convey title pursuant to a power of attorney. In the event Purchaser obtains a survey of the premises from a surveyor licensed in the State of New Jersey, Seller agrees to use a legal description in accordance with such survey, provided such survey is certified to Seller, a copy of which shall be provided to Seller by Purchaser in advance of closing. Seller and Purchaser agree to exchange copies of the closing documents not less than five (5) days prior to closing.

Closing and Delivery of Documents. Closing 8.1. The closing of title to the Premises (the "Closing") shall take place at the offices of Bathgate, Wegener & Wolf, P.C., One Airport Road, Lakewood, New Jersey 08701 ax 00:00 a.x. xn the Clxxxxx Xxxx, xx xxxxxxxxxxx xxxxxxx. Xxx Xxxxing Date shall be on or about May 15, 1998 the date mutually selected by the parties provided same is no later than 120 days from the conclusion of the Due Diligence Period unless this Agreement is terminated by Purchaser pursuant to paragraph 6.1 or within thirty (30) days of a Bankruptcy Court order approving this Agreement. In the waiver or satisfaction of all of Purchaser's Contingenciesevent the Closing does not occur within the time frame set forth herein, whichever date shall first occur, at such time as is convenient for and agreed both parties reserve the right to by schedule a Time Of The Essence Closing upon ten (10) days prior written notice to the parties. Seller acknowledges agrees that since the Purchaser may be obtaining mortgage financing, the closing will take place at the offices of Purchasers' SALE OF 00 XXXXXXXXXX XXXXXXX Page-7 -------------------------------------------------------------------------------- attorneys, or such other location as is designated by Purchaser's lenderparty. 8.2. At the closingClosing, Seller shall deliver a Deed of Bargain and Sale with Covenant against Grantors Acts, an affidavit of title, assignment of lease, permits, etc., bill of sale for all personalty, a corporate resolution limited liability company resolutxxx authorizing the sale, an affidavit that the Seller is not a foreign person as defined in Section 1445 of the Internal Revenue Code ("if applicable, FIRPTA Affidavit") , and shall deliver and/or execute such other documents as Purchaser's title insurance company and/or mortgage lender may reasonably request or requirerequire and such other documents as are customarily delivered in New Jersey real estate transactions. Seller agrees that it shall not convey title pursuant to a power of attorney. In the event Purchaser obtains a survey of the premises Premises from a surveyor licensed in the State of New Jersey, Seller agrees to use a the legal description in accordance with such survey, provided such survey is certified to Seller, a copy of which shall be provided to Seller by Purchaser in advance of closing. Seller and Purchaser agree to exchange copies of the closing Closing documents not less than five (5) days prior to closingClosing. At the Closing Purchaser will be given possession of the Premises subject only to tenancies provided that they are on terms that are commercially reasonable.