Closing of Escrow. 5.4.1 Pursuant to Section 6045 of the Internal Revenue and Taxation Code, Escrow Holder shall be designated the "closing agent" hereunder and shall be solely responsible for complying with the tax reform act of 1986 with regard to reporting all settlement information to the Internal Revenue Service.
5.4.2 Escrow Holder shall hold the Closing on the Closing Date if: (i) it has received in a timely manner all the funds and materials required to be delivered into Escrow by Buyer and Seller; and (ii) it has received assurances satisfactory to it that, effective as of the Closing, the Title Company will issue to Buyer its ALTA extended coverage (Form 1970) title insurance policy in the amount of the Purchase Price, insuring Buyer as the owner of the Property, subject only to the Permitted Exceptions (the "Owner's Policy").
5.4.3 To Close the Escrow, Escrow Holder shall:
(a) Cause the Deed to be recorded and thereafter mailed to Buyer, and deliver to Buyer the Owner's Policy, Bill of Sale, Assignxxxx and Assumption Agreement (executed by Seller), Non-Foreign Affidavit to, original Leases, original Contracts, Notice, Seller's Reaffirmation Certificate and all other documents delivered to Escrow Holder pursuant to Sections 5.1.1(h) and (i).
(b) Deliver to Seller the Reaffirmation Certificate, the Assignment and Assumption Agreement (executed by Buyer) and by wire transfer of federal funds, funds in the amount of the Purchase Price, plus or less any net debit or credit to Seller by reason of the prorations and allocations of closing costs provided for in this Agreement, and less the Deposit, to the extent previously released to Seller.
Closing of Escrow. Provided that both Developer’s Conditions Precedent to Closing and the Agency’s Conditions Precedent to Closing have been satisfied or waived in writing, the Conveyance of the Site shall close on the Closing Date (the “Closing”), but in no event later than the Outside Closing Date. The Closing shall occur at the Escrow. The Closing shall mean the times and days that the Grant Deed is filed for record with the Orange County Recorder. The Closing Date shall mean the days on which the Closing occur.
Closing of Escrow. Escrow shall close not later than three (3) business days following the expiration of the Approval Period and upon one-days prior notice from Purchaser, but in all events not later than January 15, 1997, provided the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other Purchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to Purchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to Seller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Grant Deed ("Grant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds of sale are held by Escrow Agent for disbursement to Seller. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement. 4.
Closing of Escrow. Escrow shall close April 1, 1997, provided the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other Arden's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to Arden's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to the CalTwin Parties' Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Grant Deeds ("Grant Deeds" herein) hereinafter referred to is recorded in the office of the County Recorder of Kexx Xounty. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.
Closing of Escrow. FOR THE PURCHASE; EXTENSIONS The escrow for the purchase transaction will be scheduled to close no later than thirty (30) days after the opening of escrow (“the Close of Escrow”), which in most cases, will occur at the same time as the Purchase Contract is executed, unless escrow is extended or cancelled in accordance with the provisions of the Purchase Contract. The Buyer agree to pay all closing costs and other expenses as normally allocated to purchasers of real property in the area in which the Property is located and shall be obligated to pay the entire escrow fee.
Closing of Escrow. The Closing shall occur within five (5) calendar days of the Parties' satisfaction or written waiver of both Developer' s Conditions Precedent to Closing and the City's Conditions Precedent to Closing, but in no event later than the Outside Closing Date. The Closing shall occur at the Escrow. The Closing shall mean the time and day that the City Deed of Trust is filed for record with the Kittitas County Recorder. The Closing Date shall mean the day on which the Closing occurs.
Closing of Escrow. The closing (the "Closing") of the purchase and sale of the Property shall take place through Escrow on March 31, 1998 (the "Closing Date"), provided that the conditions to Closing set forth herein have been satisfied. If the Closing has not occurred on or before the Closing Date, then this Agreement shall automatically terminate (and, subject to the immediately succeeding sentence, Section 8 below shall apply) unless the parties mutually agree to the contrary in writing. No such termination shall relieve any party from liability due to any breach or default under this Agreement by such party prior to the time of such termination.
Closing of Escrow. The Close of Escrow shall occur as provided by Section 2.5 of the Principal Purchase Agreement, unless the Escrow Agent receives reasonable notice from each of the Parties of such amendment to the Principal Purchase Agreement signed by each of the Parties
Closing of Escrow. 7.4.1 Escrow Holder shall hold the Closing on the Closing Date if: (i) it has received in a timely manner all the funds and materials required to be delivered into Escrow by Buyer and Seller; and (ii) it has received assurances satisfactory to Escrow Holder that, effective as of the Closing, the Title Company will issue to Buyer the standard or extended Title Policies, as applicable pursuant to Section 7.6, with respect to each Owned and Leased Property.
Closing of Escrow. Escrow shall close ten (10) business days following the Approval Date, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other Acquirer's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to Acquirer's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements ("Assignment of Leasehold" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close are held by Escrow Agent for disbursement to Owner. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.
