Closing; Closing Deliveries and Closing Conditions. The consummation of the transaction described herein ("Closing") will be held at the offices of the Title Insurer or such other location mutually agreed upon by Purchaser and Seller on the later of (i) ten (10) days after Purchaser’s receipt of written a approval by the Lender and HUD of the transfer of the Property to Purchaser and the assumption of the Loan by Purchaser, or (ii) fifteen (15) days after the expiration of the Investigation Period (the "Closing Date"). At Closing, Purchaser shall pay to Seller the outstanding balance of the Purchase Price provided for in Paragraph 3(c) hereof, the Escrow Agent shall pay to Seller the Exxxxxx Money, and Seller shall give Purchaser possession and occupancy of the Property subject only to the Permitted Encumbrances. Any eminent domain awards, proceeds from sale under threat or exercise of the power of eminent domain and insurance proceeds which are to be paid or are payable to Purchaser pursuant to Paragraph 11 hereof, shall be paid or assigned to Purchaser at Closing. Seller agrees that Purchaser is permitted to download lease, tenant and other property information from Seller’s on-site competes within seven (7) business days of Closing, after which txxx Xxxxxx and its agents shall have the right to enter upon the Property to remove any of Seller’s confidential information not related to the operation of the Property, to remove Seller’s management software, and to disconnect or terminate any links to Seller’s server and/or database from such on-site computers. The terms of the immediately preceding sentence shall survive Closing. Furthermore, Seller shall, at Seller’s sole cost and expense, transfer or deliver to Purchaser at Closing (or at such other time hereinafter set forth) the deposits, escrows, affidavits, certificates, instruments and other matters hereinafter described, each instrument to be executed on behalf of Seller by its duly authorized officer and to be in form to be approved by counsel for Seller and Purchaser:
Closing; Closing Deliveries and Closing Conditions. Subject to the terms and conditions herein, the transfer of the Shares shall take place by the electronic exchange of documents, or at such other place or places as may be mutually agreed upon by all of the Parties, on or about July 9, 2021 (the “Closing Date”). At the Closing, the following actions and occurrences will take place, all of which shall be deemed to have occurred simultaneously and no action shall be deemed to have been completed and no document or certificate shall be deemed to have been delivered, until all actions are completed and all documents and certificates delivered:
Closing; Closing Deliveries and Closing Conditions
