Closing Date Extension. The Lender hereby agrees that the date referred to in clause 3.4 of the Facility Agreement is extended to 28 June 2013 (or such later date as may be agreed by the Lender).
Closing Date Extension. Seller, in its sole and absolute discretion, shall have the right, upon written notice to Purchaser at least two (2) Business Days prior to the Scheduled Closing Date, to adjourn the Scheduled Closing Date for up to thirty (30) days to deliver the Tenant Estoppel Certificates.
Closing Date Extension. The definition of “Closing Date” in paragraph 22 of Addendum I to the Purchase Agreement is hereby amended and restated in its entirety as follows:
Closing Date Extension. If as of the Closing Date, (i) the Site ---------------------- Survey Approval is not obtained or (ii) an outstanding appeal has been taken from the Building Code Variance, then either party may elect to extend the Closing Date by written notice to the other party delivered at least two (2) Business Days prior to the Closing Date, for such time as is necessary to obtain the Site Survey Approval or resolve any outstanding appeal taken from the Building Code Variance but in no event shall such extension extend the Closing Date beyond June 30, 1998. Subject to the foregoing, if the Site Survey Approval has not been obtained or any outstanding appeal from the Building Code Variance nor been resolved to the mutual satisfaction of Prudential and REIT OP, by the Closing Date as so extended and both parties do not mutually agree to proceed to close the Transaction, then Prudential shall promptly return the Letter of Credit to REIT OP and upon such return, this Agreement shall terminate and neither party shall have any further rights or obligations hereunder other than any arising under any Section herein which expressly provides that it shall survive the termination of this Agreement.
Closing Date Extension. Notwithstanding any provision of this Agreement to the contrary except subsection 18.d, in the event that Purchaser is prepared to close this transaction pursuant to the terms of this Agreement, and if Seller has not fully performed its obligations hereunder and deposited all documents with Title Company necessary for Closing to timely occur, then Purchaser, in its sole and absolute discretion, and in addition to all other rights and remedies it may have, may, from time to time, notify Seller that Purchaser extends the Closing Date to such date or dates as Purchaser may elect to provide Seller with the additional time necessary for Seller to fully perform its obligations hereunder, and Purchaser may defer deposit of the balance of the Purchase Price pending Seller’s performance, provided, however, that the Closing Date shall not be extended more than thirty (30) days under this subsection. Seller’s failure to fully perform by such extended Closing Date(s) without legal excuse shall constitute a default by Seller under this Agreement.
Closing Date Extension. The Closing Date agreed to under the Purchase Agreement shall be hereby extended to .
Closing Date Extension is hereby deleted in its entirety and replaced with the following new Section 6.1:
Closing Date Extension. Notwithstanding anything to the contrary in the Purchase Agreement, Buyer may extend the Closing Date to January 16, 2020, provided that on or prior to December 2, 2019, Buyer delivers to Seller written notice of Buyer's intention to extend the Closing Date and Buyer deposits with Escrow Holder concurrently with such written notice an additional deposit, in cash or current funds, in the amount of One Million Dollars ($1,000,000.00)(the "First Extension Deposit"), and if such extension right is exercised by Buyer as provided above, Buyer may further extend the Closing Date to January 31, 2020, provided that on or prior to December 31, 2019, Buyer delivers to Seller written notice of Buyer's intention to extend the Closing Date and Buyer deposits with Escrow Holder concurrently with such written notice an additional deposit, in cash or current funds, in the amount of One Million Dollars ($1,000,000.00)(the "Second Extension Deposit", and together with the First Extension Deposit, the “Extension Deposit”). The Extension Deposit, once made, shall be credited at the Close of Escrow towards the Purchase Price and will be treated as part of the Deposit.
Closing Date Extension. (a) In the event that prior to the Closing Date, Seller has not consummated the Life Time Fitness Centers Loans Separation Transaction pursuant to Section 8.20(a) of this Agreement (and Seller shall provide Notice to Purchaser at least two (2) Business Days prior to the Closing Date in the event the Life Time Fitness Centers Loans Separation Transaction will not be consummated by the Closing Date), the Closing Date for the Life Time Fitness Centers Loans shall be automatically extended until the earlier of (i) two (2) Business Days after the date on which Seller consummates the Life Time Fitness Centers Loans Separation Transaction and (ii) two (2) weeks after the Closing Date (the “Life
Closing Date Extension. Purchaser may extend the Closing Date for a period of up to thirty (30) days by delivering written notice to Seller and Escrow Agent at least fourteen (14) days prior to the then currently scheduled Closing Date, which notice shall be accompanied by an extension deposit of Eight Hundred Thousand and No/100 Dollars ($800,000.00) (the “Closing Extension Deposit”). The Closing Extension Deposit shall be treated as Xxxxxxx Money for all purposes under the Agreement, including application to the Purchase Price and each express provision providing that it may be refunded to Purchaser (i.e., pursuant to Sections 6(c)(ii), 11 [but excluding Section 11(e)], 17(b)(1), 17(c), 22(a) and 23(b)).
