Closing Date and Escrow Sample Clauses

Closing Date and Escrow. On January 15, 2015 (the “Closing Date”), Seller and Buyer are required and agree to make full settlement in accordance with the provisions of this Contract. The Deed (as defined in Section 4(b)(i)) and all other closing documents shall be executed and delivered in escrow to the Escrow Agent by each party required to execute such documents. On the morning of the Closing Date, Buyer shall effect a wire transfer of federal funds to the Escrow Agent’s escrow account in an amount equal to the sum of (i) the Purchase Price, (ii) the amount (if any) of the costs, expenses and adjustments payable by Buyer under this Contract, less (iii) the amount (if any) of the costs, expenses and adjustments payable by Seller under this Contract. At Buyer’s election, the amount of the funds to be wired to the Escrow Agent’s escrow account shall be reduced by the Xxxxxxx Money and interest on the Xxxxxxx Money, and the Xxxxxxx Money and interest on the Xxxxxxx Money shall be applied towards the Purchase Price. After the Escrow Agent’s receipt of the wire transfer of funds and immediately following the satisfaction (or waiver under Section 11 hereof) of the conditions precedent to closing set forth in Section 11 hereof (i) the Escrow Agent shall disburse to Seller and, in accordance with Seller’s written instructions, any mortgage holders, by wire transfer of federal funds, an amount equal to the Purchase Price reduced by any costs, expenses and adjustments payable by Seller under this Contract, (ii) the Escrow Agent shall deliver to Buyer all other documents and instruments received by it which, in accordance with the terms of this Contract, are to be delivered by Seller to Buyer on the Closing Date, and (iii) the Escrow Agent shall deliver to Seller all other documents and instruments received by it which, in accordance with the terms of this Contract, are to be delivered by Buyer to Seller on the Closing Date. For purposes of this Contract, the term “Escrow Agent” shall mean Chicago Title Insurance Company, 0000 X Xxxxxx, XX, Xxxxx 000, Xxxxxxxxxx, XX 00000, Attention: R. Xxxx Xxxxxx, Telephone: (000) 000-0000, Fax: (000) 000-0000, e-mail: xxxxxxx@xxx.xxx.
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Closing Date and Escrow. The closing of the purchase and sale of the Property (the “Closing”) shall take place on the Closing Date. The Closing shall be consummated by mail through the office of Title Company in the Washington, DC metropolitan area. On or before 2:00 p.m. (New York local time) on the Closing Date, Purchaser shall cause to be deposited with Title Company immediately available funds in an amount equal to the sum of all amounts owed by Purchaser under this Agreement and as shown on the Closing Statement.
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Closing Date and Escrow. Subject to the terms and conditions of this Agreement, the closing shall take place at the office of Xxxxxx X. Graybill, Graybill, Xxxxxxx and Vinzani, 0000 Xxxxxx Xxxxxx, Columbia, South Carolina 29205, Direct: (000) 000-0000, Facsimile: (000) 000-0000, Mobile: (000) 000-0000, xxxxxxxxx@xxxxxxxxxx.xxx(the “Escrow Agent”) at and as of 11:00 A.M. (Eastern Time) on that date which (30) days after the end of the Feasibility Period (as hereinafter defined), or at such other place, time and date as may hereafter be mutually agreed between Seller and Purchaser, time being of the essence. As used in this Agreement, the term “closing” means the transfer and assignment of the Property to Purchaser and the performance by each party of the obligations on its part then to be performed under and in accordance with this Agreement, and the term “Closing Date” means the date on which the closing actually occurs.
Sample 1
Closing Date and Escrow. The closing of the purchase and sale of the Property (the “Closing”) shall take place on January 8, 2015. Closing shall be consummated by delivery of the Closing documents via overnight courier to the Title Company. On or before 2:00 p.m. (local time at the Real Property) on the Closing Date, Purchaser shall cause to be deposited with Title Company immediately available funds in an amount equal to the sum of all amounts owed by Purchaser under this Agreement and as shown on the Closing Statement. Seller shall have the right to extend the date for Closing for a single period of fifteen (15) days if the condition to Closing set forth in Section 11.5 (regarding the delivery of the Tenant Estoppel Certificates) is not satisfied.
Sample 1
Closing Date and Escrow 
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Related to Closing Date and Escrow

  • Closing Date and Place 15. Closing shall take place at the office of at o’clock on , 20 or, upon reasonable notice (by telephone or otherwise) by Purchaser, at the office of

  • 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.

  • Closing Date and Location The Transaction will be completed at 10:00 a.m. (Pacific time) on the Closing Date, at the offices of the Purchaser’s Solicitors, or at such other location and time as is mutually agreed to by the Purchaser and the Target. Notwithstanding the location of the Closing, each party agrees that the Closing may be completed by the exchange of undertakings between the respective legal counsel for the Purchaser and the Target, provided such undertakings are satisfactory to each party’s respective legal counsel.

  • 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 Date Certificate Borrower shall have delivered to Administrative Agent an originally executed Closing Date Certificate, together with all attachments thereto.

  • Post-Closing Matters Execute and deliver the documents and complete the tasks set forth on Schedule 6.14, in each case within the time limits specified on such schedule, as such time limits may be extended from time to time by Agent in its reasonable discretion.

  • Closing Date Deliveries On the Closing Date, the Company shall have delivered to the Representative executed copies of the Representative’s Purchase Option.

  • Closing Date Delivery 3 2.1 Closing; Closing Date...........................................................................3 2.2 Delivery........................................................................................4

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