Common use of Closing of Escrow Clause in Contracts

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 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 15April 1, 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 SellerCounty. 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 not later than three ten (310) business days following the expiration of the Approval Period and upon one-at least three (3) business days prior written notice from PurchaserPurchaser to Seller, but provided in all such events not later than January 15, 1997, provided the Tenant Estoppels (as hereinafter defined) satisfying the requirements of paragraph 8(b) hereof have been received and approved and all other Purchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfiedsatisfied or waived by Purchaser. 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 occuroccur on or before March 31, 1997, 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. 4Agreement to the contrary.

Closing of Escrow. Escrow shall close not later than three sixty (360) business days following the expiration of the Approval Period and upon one-five (5) days prior written notice from Purchaser, but in all events not later than January 1531, 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.