CLOSING AND TITLE Sample Clauses

CLOSING AND TITLE. The closing of this transaction shall occur on or before the Closing Date (also sometimes referred to herein as “Closing”) at the offices of Xxxx Xxxxxxx, P.C., located in the Security Federal Bank – 3rd Floor, 0000 Xxxxx Xxxx Center Blvd, Evans, Georgia, 30809, at which time Buyer shall be given possession of the Premises. At Closing, Seller shall deliver good and marketable title to the Property by Limited Warranty Deed, Buyer shall deliver the balance of cash required to close the transaction, and the parties agree to execute such other and further documents as may be required to effectuate said Closing. Good and marketable title as used herein shall mean title which a title insurance company licensed to do business in the state in which the Premises lies will insure at its regular rates, subject only to standard exceptions. Buyer hereby directs any mortgage lender involved in this transaction to quote the cost of title insurance based upon the presumption that Buyer will be obtaining an enhanced owner’s title insurance policy since such a policy affords Buyer the greatest coverage and protection.

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CLOSING AND TITLE. A. Closing shall occur at the escrow, title, and settlement office of Safe Harbor Title Company, 0000 Xxxxxxx Xxx #000, Xxxxxxxx, XX 00000 (the “Settlement Agent”) on or before January 15, 2020, TIME BEING OF THE ESSENCE. The customary prorations shall be made as of the Closing Date, including, without limitation, the following, if applicable: real estate taxes and assessments (the term “Closing Date” means the date that closing actually occurs). Any prorations to which Purchaser may be entitled by reason of the foregoing shall be credited against the balance of the Purchase Price to be paid at closing.

CLOSING AND TITLE. The closing shall occur on or before _. At closing an unencumbered marketable title to the property shall be conveyed to BUYER by deed of general warranty with the usual covenants such as any national title company shall insure, free and clear of all liens and encumbrances except (a) such liens and encumbrances as BUYER may specifically approve and (b) easements of record and all restrictions of record as to the use and improvements of the property. Should the title to the property appear defective, SELLER shall have 14 days after receipt of notice from BUYER of such defect or defects within which to correct same at the cost of the SELLER. Should SELLER be unable to correct the defect, this CONTRACT is voidable at option of BUYER and xxxxxxx money shall be refunded to BUYER. If the parties to this contract desire that any term of this agreement survive the closing and transfer of deed to BUYER, an agreement must be executed prior to closing acknowledging such an intent.

CLOSING AND TITLE. 4. a. The transaction contemplated under this Agreement shall be consummated at a closing ("Closing") at the offices of Marks & Xxxxxxxx, LLC, Two Midtown Plaza, Suite 1150, 0000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000. The Closing shall be held at 2:00 p.m. on May 22, 2006 ("Closing Date"). Possession of the Property shall be granted and delivered to Purchaser by Seller at Closing, free and clear of all leases, subleases and other occupancy rights of any person or entity, subject, however, to the rights of Seller under the "Lease," as defined in Section 10.k. hereof, which Lease shall be in the form attached hereto as EXHIBIT "B". At Closing Seller shall pay the cost to record any cancellations of existing monetary encumbrances, the State of Georgia Real Estate Transfer Tax and its attorney's fees. Purchaser and Seller shall each be responsible for 50% of the fee charged by the Escrow Agent to hold the Initial Deposit and the Letter of Credit (not to exceed a total of $250.00). Purchaser shall be responsible for all other closing costs. Purchaser shall have the right to extend the Closing Date to June 5, 2006, by sending notice to Seller not less than ten (10) days before the scheduled Closing Date and depositing with Escrow Agent the sum of $200,000.00 ("Extension Deposit"), or by delivering to Escrow Agent an amendment to the Letter of Credit increasing the amount thereof by $200,000.00. Seller shall cooperate with Purchaser if Purchaser elects to increase the Letter of Credit instead of depositing the Extension Deposit in cash. At Closing, the Extension Deposit (if deposited in cash) shall be delivered to Seller and credited against the Purchase Price. In the event Closing does not occur for any reason, the Extension Deposit shall follow the Letter of Credit; if the Letter of Credit is delivered to Seller, the Extension Deposit shall be paid to Seller; if the Letter of Credit is returned to Purchaser, the Extension Deposit shall also be returned to Purchaser.

CLOSING AND TITLE. Closing shall be held on or before the expiration of sixty (60) days after the date hereof, on such other date as the parties hereto may agree. Seller agrees that upon the closing of the transaction contemplated hereby, it will convey to Buyer good, marketable title to said real and personal property by general warranty deed free and clear of all liens, restrictions, easements and other encumbrances except current year's real property taxes and by Assignment and/or Bill of Sale. Buyer shall have the right to have title to the properxx xxamined by its attorney, and any time prior to closing, may advise Seller of any objections to title. In the event of such notification, Seller shall have fifteen (15) days from the date of such notification to remove or correct such objections and Seller shall take all steps necessary to cure the defects prior to closing. In the event Seller requires more than fifteen (15) days to cure any title defect, then Buyer and Seller agree to extend the closing by the actual days needed beyond the fifteen (15) day period, but in no event shall the closing be extended past fifteen (15) days of the original contract closing date. If Seller fails to remove or correct such objections, Buyer may terminate this Agreement. Both Buyer and Seller contemplate that Seller will be able to compromise any mechanics liens, judgments or other liabilities with the cash proceeds of the sale contemplated herein. If this proves to be impossible, Buyer shall have the option to terminate this Agreement or Buyer shall have the option to increase the Purchase Price by such amounts as necessary to compromise such mechanics liens, judgments or other liabilities. In the event Buyer elects to terminate this Agreement, Seller shall return to Buyer any and all amounts paid by Buyer to Seller hereunder, and in such event neither party shall have any further liability or responsibility to the other arising out of this Agreement. In the alternative, Buyer may waive its right to terminate this Agreement and close this transaction without reduction of the purchase price. Closing to be held by the law firm of Callison Tighe & Robinson, LLP in Myrtle Beach, South Carolina. Xxxx xxx Xxrsoxxx xxxxerty taxes in relation to the Property shall be assumed by the Buyer. Seller shall at its own expense prepare the Deed of General Warranty conveying the property to Buyer, in form satisfactory to Buyer and pay the recording fee formerly known as deed stamps. Buyer shall pay all ...

CLOSING AND TITLE. 4. a. The transaction contemplated under this Agreement shall be consummated at a closing ("Closing") at the offices of Marks & Xxxxxxxx, LLC, Two Midtown Plaza, Suite 1150, 0000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000. The Closing shall be held at 2:00 p.m. on June 30, 2006 ("Closing Date"). Possession of the Property shall be granted and delivered to Purchaser by Seller at Closing, free and clear of all leases, subleases and other occupancy rights of any person or entity, subject, however, to the rights of Seller under the "Lease," as defined in Section 10.k. hereof, which Lease shall be in the form attached hereto as EXHIBIT "B". At Closing Seller shall pay the cost to record any cancellations of existing monetary encumbrances, the State of Georgia Real Estate Transfer Tax and its attorney's fees. Purchaser and Seller shall each be responsible for 50% of the fee charged by the Escrow Agent to hold the Xxxxxxx Money (not to exceed a total of $250.00). Purchaser shall be responsible for all other closing costs.

Related to CLOSING AND TITLE

Closing and Conveyance Upon approval of Seller’s title as disclosed by the title commitment subject to paragraph 3 hereof, Buyer shall thereupon pay the balance of the agreed purchase consideration to the Seller and Seller shall thereupon execute and deliver to Buyer, a recordable Trustee’s Deed to the Real Estate in accordance with the statutes of the State of Illinois. Buyer shall be entitled to a credit against the purchase price for the amount of the real estate transfer tax obligation of Seller and thereafter assume and pay the same upon recording the deed. Said deed shall be subject to the exceptions set forth in Paragraph 3. Seller and Buyer also agree to execute such documents as may legally be required by the Recorder of Deeds, other official or agency with respect to the consideration and description of the property. If Buyer should designate the Real Estate as “replacement property” in an Internal Revenue Code Section 1031 exchange, Seller agrees to execute any such additional documents as may be required by the Internal Revenue Code or customary in such transactions, and Buyer shall pay all additional title insurance company fees and costs, and any actual additional costs incurred by Seller to accommodate Buyer’s Section 1031 exchange. Closing shall take place at Xxxxxxxxxx County Abstract Company, Pontiac, Illinois, and not later than October 13, 2021.
Closing and Escrow a. Upon mutual execution of this Agreement, the parties hereto shall deposit an executed counterpart of this Agreement with Title Company and this Agreement shall serve as instructions to Title Company for consummation of the purchase and sale contemplated hereby. Seller and Purchaser agree to execute such additional escrow instructions as may be appropriate to enable the escrow holder to comply with the terms of this Agreement; provided, however, that in the event of any conflict between the provisions of this Agreement and any supplementary escrow instructions, the terms of this Agreement shall control.
Closing and Closing Deliveries 22 8.1 Closing........................................................................................22 8.2
CLOSING AND CLOSING DATE 3.1. The Closing Date shall be December 3, 2005, or such other date as the parties may agree. All acts taking place at the Closing shall be deemed to take place simultaneously as of immediately after the close of business on the Closing Date unless otherwise agreed to by the parties. The close of business on the Closing Date shall be as of 4:00p.m.,
Closing and Closing Documents 24 ----------------------------- 11.1. Closing....................................................... 24 ------- 11.2. Seller's Deliveries........................................... 26 ------------------- 11.3. Purchaser's Deliveries........................................ 26 ---------------------- 11.4. Prorations.................................................... 27 ---------- 11.5. Document Preparation and Closing Costs........................ 28 -------------------------------------- 11.6. Reconciliation and Final Payment.............................. 28 -------------------------------- 11.7.
Closing Matters (a) Within one business day of the date of this Agreement, (i) Seller shall provide Buyer with a true and correct copy of the voting instruction form with respect to the Shares held by Seller indicating the financial institution through which such shares are held and the control number provided by Broadridge Financial Solutions (or other similar service provider) regarding the voting of the Shares or written confirmation of such information as would appear on the voting instruction form; and (ii) Buyer shall send the notice attached as Annex 1 hereto to Prospect’s transfer agent.
Post-Closing Cooperation Subject to compliance with contractual obligations and applicable Law, following the Closing, each party shall afford to the other party and the other party’s Representatives during normal business hours in a manner so as to not unreasonably disrupt or interfere with the conduct of business (a) reasonable access and duplicating rights to all Confidential Information (which shall remain subject to Section 4.1, as applicable) and other information relating to the MRT Program within the possession or control of such party and (b) reasonable access to the personnel of such party related to the MRT Program, in each case in connection with its financial reporting and accounting matters, preparing financial statements, preparing and filing any Tax Returns, prosecuting any claims for refund, defending any Tax claims or assessment, preparing securities Law or securities exchange filings, prosecuting, defending or settling any litigation or insurance claim, prosecuting patent applications and pursuing other patent matters, performing obligations under this Agreement and the Ancillary Agreements and all other proper business purposes (including determining any matter relating to its rights and obligations hereunder). A party making information or personnel available to another party under this Section 4.2 shall be entitled to receive from such other party, upon the presentation of invoices therefor, payments for such amounts relating to supplies, disbursements and other out-of-pocket expenses, as may reasonably be incurred in making such information or personnel available; provided, however, that no such reimbursements shall be required for general overhead or the salary or cost of benefits or similar expenses pertaining to employees of the providing party. Notwithstanding anything to the contrary contained herein, nothing in this Section 4.2 shall require (i) the Seller or any of its Affiliates or the Buyer or any of its Affiliates (x) to waive the protection of an attorney-client privilege, (y) to violate applicable Law or (z) to take any action that would result in the disclosure of any trade secrets (for the avoidance of doubt, without limitation of the Seller’s obligation to provide the Buyer with the Transferred Assets as provided hereunder and the services under the Transition Services Agreement) (provided that, in the case of clauses (i)(x) and (i)(y), the disclosing party shall use commercially reasonable efforts to provide the other party, to the extent possible, with access to the relevant information in a manner that would not reasonably be expected to result in any such violation or waiver) or (ii) the auditors and independent accountants of the Seller or any of its Affiliates or of the Buyer or any of its Affiliates to make any work papers available to any Person unless and until such Person has signed a customary confidentiality and hold harmless agreement relating to such access to work papers in form and substance reasonably acceptable to such auditors or independent accountants. The parties acknowledge that, with respect to e-mails, (i) the Buyer shall solely be entitled to request, based on a specific keyword search, any e-mails of the Business Employees since [**] that are exclusively related to the MRT Program and are Excluded Assets, (ii) any e-mails provided to the Buyer pursuant to this Section 4.2 shall require the assistance of a third-party vendor to review and provide such e-mails and the Buyer shall be responsible to pay any costs and expenses incurred by the Seller related thereto and (iii) Shire shall only be required to retain such e-mails for [**] from their respective delivery dates.
Closing and Termination 26 4.1 Closing Date.........................................................................26
Closing Escrow The Closing shall take place by means of a so called “New York style” escrow (the “Closing Escrow”), and, at or prior to the Closing, the Parties shall enter into a closing escrow agreement with the Escrow Agent with respect to the Closing Escrow in form and substance reasonably acceptable to Seller, Purchaser and the Escrow Agent (the “Closing Escrow Agreement”) pursuant to which (i) the Purchase Price to be paid by Purchaser pursuant to Section 3.3 shall be deposited with Escrow Agent, (ii) all of the documents required to be delivered by Seller and Purchaser at Closing pursuant to this Agreement shall be deposited with Escrow Agent, and (iii) at Closing, the Purchase Price (as adjusted pursuant to Section 3.1) and the Xxxxxxx Money shall be disbursed to Seller and the documents deposited into the Closing Escrow shall be delivered to Seller and Purchaser (as the case may be) pursuant to the Closing Escrow Agreement.
Procedure at the Closing At the Closing, the parties agree to take the following steps in the order listed below (provided, however, that upon their completion all of these steps shall be deemed to have occurred simultaneously):