Common use of Closing Procedure Clause in Contracts

Closing Procedure. Title Company shall close escrow when it is in a position to: (i) pay to Landlord, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 and 5.6 and Landlord's obligations with respect to security deposits as specified in Paragraph 5.7; and (ii) issue to Tenant the policy of title insurance referred to in Paragraph 2.

Appears in 2 contracts

Samples: Build to Suit Lease (At Home Corp), Build to Suit Lease (At Home Corp)

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Closing Procedure. Title Company shall close escrow when it is ----------------- in a position to: (i) pay to Landlord, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 and 5.6 and Landlord's obligations with respect to security -------------- --- deposits as specified in Paragraph 5.7; and (ii) issue to Tenant the policy of ------------- title insurance referred to in Paragraph 2.. -----------

Appears in 2 contracts

Samples: Lease (At Home Corp), Build to Suit Lease (At Home Corp)

Closing Procedure. Title Company shall close escrow when it is in a position to: (i) pay to LandlordSeller, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 Sections 11.5 and 5.6 11.6 and LandlordSeller's obligations with respect to security deposits as specified in Paragraph 5.7Section 11.7; (ii) record the Deed; and (iiiii) issue to Tenant Buyer the policy of title insurance referred to in Paragraph 2Article 6.

Appears in 2 contracts

Samples: Quarterly Report, Purchase and Sale Agreement (Network Appliance Inc)

Closing Procedure. Title Company shall close escrow when it is in a ----------------- position to: (i) pay to LandlordSeller, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 Sections 11.5 ------------- and 5.6 11.6 and LandlordSeller's obligations with respect to security deposits as specified ---- in Paragraph 5.7Section 11.7; and (ii) issue to Tenant Buyer the policy of title insurance referred ------------ to in Paragraph 2.Article 6. ---------

Appears in 1 contract

Samples: Purchase and Sale Agreement (Netiq Corp)

Closing Procedure. Title Company shall close escrow when it is in a position to: (i) pay to LandlordSeller, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the prorations and closing costs and prorations as specified in Paragraphs 5.5 Sections 12.6 and 5.6 12.7, the amount of the Accrued Expenses, and Landlord's obligations with respect to security deposits as specified in Paragraph 5.7; the amount of Buyer’s Proportionate Traffic Impact Fee, and (ii) issue to Tenant Buyer the policy of title insurance referred to in Paragraph 2Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brocade Communications Systems Inc)

Closing Procedure. Title Company shall close escrow when it is in a position to: (i) pay to LandlordSeller, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the prorations and closing costs and prorations as specified in Paragraphs 5.5 Sections 12.5, 12.6 and 5.6 and Landlord's obligations with respect to security deposits as specified in Paragraph 5.7; 12.7, and (ii) issue to Tenant Buyer the policy of title insurance referred to in Paragraph 2Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brocade Communications Systems Inc)

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Closing Procedure. Title Company shall close escrow when it is in a position to: (i) pay to LandlordSeller, by certified check or wire transfer in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 Sections 10.5 and 5.6 and Landlord's obligations with respect to security deposits as specified in Paragraph 5.710.6; and (ii) issue to Tenant Purchaser the policy of title insurance referred to in Paragraph 2Owner’s Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exar Corp)

Closing Procedure. Title Company shall close escrow when ----------------- it is in a position to: (i) pay to Landlord, in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 and 5.6 and Landlord's obligations with respect to security -------------- --- deposits as specified in Paragraph 5.7; and (ii) issue to Tenant the policy of ------------- title insurance referred to in Paragraph 2.. -----------

Appears in 1 contract

Samples: Build to Suit Lease (At Home Corp)

Closing Procedure. Title Company shall close escrow when it is in a position to: (i) record the Deeds; (ii) pay to LandlordSeller, by wire transfer in immediately available funds, the amount of the Purchase Price, as such amount may be increased or decreased as a result of the allocation of the closing costs and prorations as specified in Paragraphs 5.5 Sections 9.6 and 5.6 and Landlord's obligations with respect to security deposits as specified in Paragraph 5.79.7; and (ii) issue to Tenant Purchaser the policy of title insurance referred to Owner’s Title Policy in Paragraph 2accordance with Section 5.2.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

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