Closing Extension. If closing of this transaction is delayed for any reason other than lender delay (see paragraph 6) beyond the control of either Buyer or Seller, the closing date may be extended for up to five (5) days at the request of and without cost to either party. After this five (5) day period, any additional extension of the closing date requested by Buyer may be agreed to by Seller at Seller’s sole discretion. In the event Seller agrees to an additional extension of the closing date, Buyer shall pay $250.00 per day for that additional extension (“Extension Payment”). The Extension Payment shall be due upon the closing of this transaction.
Closing Extension. In the event that Optionee’s review of due diligence matters provided for in this Section 5 results in Optionee not being satisfied with the condition of the Easement Property, Optionee may extend the Closing for a period of _________ (__) days so that Optionee and Owner may address such results.
Closing Extension. The Closing Date may be extended at the option of Buyer to permit the full running of the aforementioned twenty (20) business days prior thereto.
Closing Extension. If Seller is delayed in completing construction of the home or any other portion of the improvements at the Property due to causes beyond Seller's reasonable control, including but not limited to, acts of God, war, riot, fire, earthquake, flood, extreme weather conditions, explosion, condemnation, strikes, epidemics, government action, state or federal emergency orders, unavailability of labor or materials, damaged or stolen materials, add-ons or changes from Buyer, loss or damages fire, flood, wind, earthquake, hurricane and all other weather related events or acts of nature, restrictive governmental regulations or other acts of government agencies asserting jurisdiction over the Property, then Seller may postpone (on one or more occasions) the Closing Date to a date within six (6) months after the Estimated Closing Date by written notice to Buyer on or before such later date, provided, however, that such date may be no later than two (2) years from the date of this Agreement. For the avoidance of doubt, Seller shall have no responsibility for Buyer's interest rate increases if the construction time exceeds Buyer's lock in interest rate deadline or for the costs of any replacement housing pending Closing.
Closing Extension. Paragraphs 7(a) and 7(b) of the Agreement give Buyer the right to extend the Closing Date. If Buyer elects to extend the closing beyond the Closing Date established in Paragraph 1 of this Amendment, then Buyer shall give Seller written notice and pay the Extension Fee of $100,000 to Seller on or before the Closing Date established in Paragraph 1 above. In such event, the closing shall be extended to no later than September 30, 2001, and the Purchase Price shall be increased by $100,000 for each 30-days of closing extension beyond the Closing Date established in Paragraph 1 above. The Extension Fee shall be applied to such increased Purchase Price at closing. Buyer shall provide at least five (5) days notice to Seller of the Extended Closing Date which shall be no later than September 30, 2001.
Closing Extension. The Buyer and Seller acknowledge that mortgage regulations promulgated by the Federal Consumer Financial Protection Bureau (“CFPB”) known as the TRID (TILA-RESPA Integrated Disclosure) Rule may affect the Parties’ ability to close on the date and time as specified in the Purchase and Sale Agreement. To provide for possible Closing delays, and to reasonably accommodate each other in completing this transaction, the Seller and Xxxxx agree as follows:
Closing Extension. (a) Buyer shall have the right to extend the Tranche 1 Closing Date to a date not later than November 7, 2013 by providing written notice to Seller no later than the originally scheduled Tranche 1 Closing Date. Simultaneously with delivery of such notice, Buyer shall deliver to Escrowholder the sum of Five Hundred Fifty Thousand and No/100ths Dollars ($550,000.00) (the “First Extension Deposit”), which amount shall be held and be deemed a part of the Xxxxxxx Money for all purposes hereunder. The First Extension Deposit shall be allocated to each Tranche 1 Property as set forth on Schedule 2 attached hereto. Further, to the extent the Tranche 2 Approval Date shall have not occurred prior to the date that Buyer exercises such extension, Buyer’s exercise of the extension option hereunder and delivery of the First Extension Deposit shall be deemed Buyer’s waiver of any rights to terminate this Agreement prior to the Tranche 2 Approval Date pursuant to Section 6.4 herein.
Closing Extension. Buyer shall be entitled to one (1), one (1) month extension option of the Closing Date (“Extension Option”). Said Extension Option shall be at a cost to Buyer of $1,000,000.00 (“Extension Fee”). The Extension Fee shall be immediately non-refundable to Buyer upon deposit and shall be applicable to the Purchase Price. Buyer may exercise the Extension Option by notifying Sellers and Closing Agent of such election in writing and upon the payment of the Extension Fee to the Closing Agent prior to the end of the current Closing Date. Upon payment of the Extension Fee to the Closing Agent, the Extension Fee will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Sellers and deposited in Sellers’ account.
Closing Extension. The Seller may, in its sole discretion, which may be arbitrary, extend the closing date. Any extension must be in writing, signed only by Seller and/or its attorney.
Closing Extension. The Seller and Buyer agree that Closing shall be extended until Friday, March 30, 2007.
