Common use of Closing Date and Time Clause in Contracts

Closing Date and Time. The closing of the purchase and sale of the Newsprint Assets and the Apache Shares (the “Closing”) shall take place at the offices of Davies Wxxx Xxxxxxxx & Vxxxxxxx LLP in Montreal, Québec at 10:00 a.m. (Montreal time) on the third (3rd) Business Day following the date on which the conditions of the parties set forth in Section 7 have been satisfied or waived (other than those conditions that by their nature are to be fulfilled at the Closing, but subject to the satisfaction or waiver of those conditions) (such third (3rd) Business Day being the “Closing Date”) with effect from 12:01 a.m. (Arizona time) on the Closing Date (the “Closing Time”). Time shall be of the essence for purposes of this Section 2.1.

Closing Date and Time. The closing of the purchase and sale of the Newsprint Assets and the Apache Shares (the “Closing”) shall take place at the offices of Davies Wxxx Xxxx Xxxxxxxx & Vxxxxxxx Xxxxxxxx LLP in Montreal, Québec at 10:00 a.m. (Montreal time) on the third (3rd) Business Day following the date on which the conditions of the parties set forth in Section 7 have been satisfied or waived (other than those conditions that by their nature are to be fulfilled at the Closing, but subject to the satisfaction or waiver of those conditions) (such third (3rd) Business Day being the “Closing Date”) with effect from 12:01 a.m. (Arizona time) on the Closing Date (the “Closing Time”). Time shall be of the essence for purposes of this Section 2.1.