Closing Date Extension or Acceleration Sample Clauses

Closing Date Extension or Acceleration. Seller may, at its sole election, extend the Closing Date up to 120 days, with at least 5 days’ written notice to Buyer prior to the Closing Date to accommodate any of the following: Force Majeure Delays (defined below); labor and material procurement delays; construction delays; and permits, approvals or inspection delays.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Closing Date Extension or Acceleration. Seller may, at its sole election, extend the Closing Date up to 120 days, with at least 5 days’ written notice to Buyer prior to the Closing Date to accommodate any of the following: Force Majeure Delays (defined below); labor and material procurement delays; construction delays; and permits, approvals or inspection delays. Temporary Housing. Under no circumstances will Seller be responsible for temporary housing, furniture storage, moving expenses, mortgage-rate lock extension fees, or other costs, fees, or expenses related in any way to the timing of the Closing. Final Inspection & Punch Lists. Buyer acknowledges Closing may be required prior to the final completion of all items on the Punch List (defined below) and other work at the Project Site. Prior to Closing, at a time designated by Seller, Buyer shall inspect the Unit together with Seller and Builder and prepare a punch list (the “Punch List”) of items remaining to be completed or repaired as agreed between Seller and Buyer, and signed by each of Seller and Buyer. The Punch List may not be amended except by the written consent of both Buyer and Seller, each in their sole and absolute discretion. The existence of the Punch List and items thereon shall not affect Buyer’s obligation to close and to pay the full Purchase Price at the Closing if the Closing Date occurs prior to the completion of the items on the Punch List. Seller or Builder, in Seller’s discretion, will either complete the Punch List before Closing, or will complete the Punch List within the 120-day period following Closing to the extent reasonably possible and subject to weather, material shortages or unavailability, acts of nature, labor disputes, casualty, or any other delays beyond the control of Seller (“Force Majeure Delays”). If Buyer fails to schedule a walk-through inspection or fails to participate in a scheduled walk-through inspection of the Unit prior to Closing, Buyer will be deemed to have waived each of Buyer’s right to a walk-through inspection of the Unit and Buyer’s right to the preparation of the Punch List, and Buyer will be deemed to have accepted the each of the Unit and the Limited Common Elements in its respective condition as of Closing. Limitations on Attendance at Walk-Through Inspection. Buyer may have no more than three people participate in the walk-through inspection, one of which must be Buyer. Subject to the foregoing sentence, Buyer may, at its option, be accompanied by a professional residential ins...
Sample 1

Related to Closing Date Extension or Acceleration

  • Interim Extension Amendment a. Prior to or on the expiration date of this Contract, the Parties agree that this Contract can be extended as provided under this Section.

  • Exceptions and Extension of Payment Due Date NYSERDA has determined that, notwithstanding the provisions of Sections 504.3 and 504.4 of this Exhibit, any of the following facts or circumstances, which may occur concurrently or consecutively, reasonably justify extension of the Payment Due Date:

  • EXPIRATION DATE AND EXTENSION This Contract expires January 31, 2023, unless it is terminated sooner pursuant to Article XX of the General Terms and Conditions, which are incorporated into this Contract by reference. This Contract may be extended up to three additional one-year periods upon request of Sourcewell and with written agreement by the Contractor, not to exceed a total of four years.

  • C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Client agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period) the Client shall, in the 6 month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Contract Price.

  • F8 Extension of Initial Contract Period F8.1 The Authority may, by giving written notice to the Contractor, extend the Contract for a further period up to the date set out in the Form of Contract. The provisions of the Contract will apply throughout any such extended period.

  • EXTENSION OF CONTRACT The Director of Procurement Services may, with the consent of the contractor extend the Contract period beyond the indicated expiration date.

  • Term/Effective Date This Agreement is effective upon the Effective Date and will expire on the 30th day of June, 2023, unless earlier terminated in accordance with this Agreement.

  • EXTENSION OF USE COMMITMENT The Contractor agrees to honor all orders from State Agencies, political subdivisions and others authorized by law (see Section 25 Extension of Use) which are in compliance with the pricing, terms, and conditions set forth in the Contract. Any unilateral limitations/restrictions imposed by the Contractor on eligible Authorized Users will be grounds for cancellation of the Contract.

  • Time Extension CONTRACTOR shall provide a time extension request on completion of Task Order for delays caused by others (Permitting Agencies, COUNTY or Contract Cities, or unforeseen conditions such as inclement weather, etc.) and at no fault by CONTRACTOR, subject to approval by COUNTY. COUNTY will review the request and determine in its sole discretion whether the situation warrant a time extension at no-cost or with costs. If CONTRACTOR completes the Task Order beyond the stipulated completion date without COUNTY’s specific written approval for time extension, CONTRACTOR will be subject to liquidated damages and may be construed as non-responsive, which may affect CONTRACTOR for considerations for future Task Orders or projects.

  • Initial Effective Date The initial effective date of coverage under the Group Insurance Program is the thirty-fifth (35th) day following the employee's first day of employment, re- hire, or reinstatement with the State. The initial effective date of coverage for an employee whose eligibility has changed is the date of the change. An employee must be actively at work on the initial effective date of coverage, except that an employee who is on paid leave on the date State-paid life insurance benefits increase is also entitled to the increased life insurance coverage. In no event shall an employee's dependent's coverage become effective before the employee's coverage. If an employee is not actively at work due to employee or dependent health status or medical disability, medical and dental coverage will still take effect. (Life and disability coverage will be delayed until the employee returns to work.)

Time is Money Join Law Insider Premium to draft better contracts faster.