Closing Date/Escrow Sample Clauses

The Closing Date/Escrow clause establishes the specific date on which the final transfer of ownership and funds will occur in a transaction, and outlines the use of an escrow agent to facilitate this process. Typically, it details the responsibilities of the escrow agent, the conditions that must be met before closing, and the procedures for handling documents and funds. This clause ensures that both parties have a clear understanding of when and how the transaction will be completed, reducing the risk of misunderstandings or disputes regarding the timing and logistics of closing.
Closing Date/Escrow. The first Closing of the Bridge Note(s) Offering will be on the second business day following the receipt by First National Bank of Olathe, KS, as Escrow Agent of not less than $1,200,000 of the loan principal from the Lender(s) (the “Closing). In the event such amount has not been received into Escrow on or before January 21, 2005, unless extended by agreement between the Placement Agent and ICOP for up to an additional 30 days, the Escrow Agent shall promptly return all of the funds on deposit with it to the respective Lender(s).
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Closing Date/Escrow. A. An escrow shall be opened with Financial Title Company (the "Title Company") located at 1▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ (916) 985-3456. Escrow shall close prior to June 15, 2000 (the "Closing Date"). Each party shall deliver to Escrow Holder, in sufficient time for escrow to close on the Closing Date, all documents and monies required hereunder. Close of escrow shall mean the date all documents required hereunder are placed of record. B. Property taxes, premiums on insurance acceptable to Purchaser, prepaid rents, interest, interest on assessments if assumed by Purchaser, and any other proratable items, shall be prorated as of close of escrow. Security deposits shall be credited to Purchaser. The amount of any bond or assessment which is a lien shall be assumed by Purchaser. As a condition to Purchaser's obligations hereunder the Title Company shall issue its CLTA owner's policy of title insurance insuring Purchaser in the amount of the Purchase Price as owner of the Property subject only to the Permitted Exceptions.
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Closing Date/Escrow. The transaction contemplated by this Agreement is anticipated to close on or about June 1, 2023, to be determined pending approval of the Board of Directors of Seller, which is a publicly traded company (the “Closing Date”). The closing of the transaction contemplated herein shall take place at the existing business location in Beverly Hills, California (“the Closing”). A. At the Closing, Buyer will deliver to Seller all promissory notes and other debt instruments marked “Satisfied” and voided, and will update all of its accounting to show Seller’s debt as being fully paid. B. At the Closing, Seller will deliver to Buyer each of the following: i. A fully executed copy of this Agreement. ii. The Stock, duly endorsed by Seller for transfer to Buyer, allocated as 100% to Buyer. iii. Any and all corporate records in possession of Seller. iv. Written resignation in the form of a corporate resolution whereby Seller any of Seller’s designees or appointed officers and directors, if any, resign from the positions. v. And any other transfer documents that may be necessary to effectuate the purchase and sale, including but not limited to all records of intellectual property filings and registrations, all records related to inventory, bank account information and access documents, and all other business records.
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Closing Date/Escrow 
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Related to Closing Date/Escrow

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

  • Closing Date Delivery 2 2.1 Closing Date....................................................................................... 2 2.2 Delivery........................................................................................... 2

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

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.