Common use of Closing Requirements Clause in Contracts

Closing Requirements. (a) At the Closing, City shall do the following: (i) Execute and deliver to the Title Company an affidavit in form and substance satisfactory to the Title Company and consistent with customary practices in Xxxxxxxxxx County , Ohio, permitting the Title Company to delete from the Title Policy exceptions for mechanics' liens and parties in possession (excluding work performed by or under the direction of Developer); (ii) Execute and deliver the Deed , a closing statement and a non-foreign affidavit; (iii) Deliver to Developer evidence reasonably satisfactory to Developer that City has the authority and power to enter into this Agreement and to consummate the transaction provided for herein; and (iv) Execute and deliver such other documents as City and Developer may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or Developer. (b) At the Closing, Developer shall pay the Purchase Price as provided herein to City, and shall do the following: (i) Deliver to City evidence reasonably satisfactory to City that (a) Developer is duly formed and validly existing in the State of Ohio, (b) member resolutions stating that (1) Developer has the authority and power to enter into this Agreement and to consummate the transaction provided for herein, (2) the consummation of the transaction provided for herein will not breach the organizational documents of Developer, and (3) the individuals executing all documents in connection herewith on behalf of Developer have the authority and power so to do; and (ii) Execute and deliver such other documents as City and Developer may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or City. (c) The unconditional delivery to the Title Company of the Purchase Price , the Deed, and all other document and instruments required to be delivered by either party to the other by the terms of this Agreement shall be deemed to be a good and sufficient tender of performance of t h e terms hereof.

Closing Requirements. (a) A. At the Closing, City shall do the following: (i) Execute and deliver to the Title Company an affidavit in form and substance satisfactory to the Title Company and consistent with customary practices in Xxxxxxxxxx County County, Ohio, permitting the Title Company to delete from the Title Policy exceptions for mechanics' ’ liens and parties in possession (excluding work performed by or under the direction of DeveloperPurchaser); (ii) Execute and deliver the Deed Deed, a closing statement and a non-foreign affidavit; (iii) Deliver to Developer Purchaser evidence reasonably satisfactory to Developer Purchaser that City has the authority and power to enter into this Agreement and to consummate the transaction provided for herein; and (iv) Execute iv)Execute and deliver such other documents as City and Developer Purchaser may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or DeveloperPurchaser. (b) B. At the Closing, Developer Purchaser shall pay the Purchase Price as provided herein to City, and shall do the following: (i) Deliver to City evidence reasonably satisfactory to City that (a) Developer Purchaser is duly formed and validly existing in the State of Ohio, (b) member resolutions stating that (1) Developer Purchaser has the authority and power to enter into this Agreement and to consummate the transaction provided for herein, (2c) the consummation of the transaction provided for herein will not breach the organizational documents of DeveloperPurchaser, and (3d) the individuals executing all documents in connection herewith on behalf of Developer Purchaser have the authority and power so to do; and (ii) Execute and deliver such other documents as City and Developer Purchaser may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or City. (c) C. The unconditional delivery to the Title Company of the Purchase Price Price, the Deed, and all other document documents and instruments required to be delivered by either party to the other by the terms of this Agreement shall be deemed to be a good and sufficient tender of performance of t h e the terms hereof.

Closing Requirements. (a) A. At the Closing, City shall do the following: (i) Execute and deliver to the Title Company an affidavit in form and substance satisfactory to the Title Company and consistent with customary practices in Xxxxxxxxxx County County, Ohio, permitting the Title Company to delete from the Title Policy exceptions for mechanics' ’ liens and parties in possession (excluding work performed by or under the direction of Developer); (ii) Execute and deliver the Deed Deed, a closing statement and a non-foreign affidavit; (iii) Deliver to Developer evidence reasonably satisfactory to Developer that City has the authority and power to enter into this Agreement and to consummate the transaction provided for herein; and (iv) Execute iv)Execute and deliver such other documents as City and Developer may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or Developer. (b) B. At the Closing, Developer shall pay the Purchase Price as provided herein to City, and shall do the following: (i) Deliver to City evidence reasonably satisfactory to City that that (a) Developer is duly formed and validly existing in the State of Ohio, (b) member resolutions stating that (1) Developer has the authority and power to enter into this Agreement and to consummate the transaction provided for herein, (2) the consummation of the transaction provided for herein will not breach the organizational documents of Developer, and (3) the individuals executing all documents in connection herewith on behalf of Developer have the authority and power so to do; and (ii) Execute and deliver such other documents as City and Developer may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or City. (c) C. The unconditional delivery to the Title Company of the Purchase Price Price, the Deed, and all other document documents and instruments required to be delivered by either party to the other by the terms of this Agreement shall be deemed to be a good and sufficient tender of performance of t h e the terms hereof.