Closing the Transaction. The closing agent will cooperate with the approval official, borrower, seller, and other necessary parties to arrange the time and place of closing. The transaction may be closed when the agency determines that the agency re- quirements for the loan have been sat- isfied and the closing agent or ap- proved attorney can issue or cause to be issued a policy of title insurance or final title opinion as of the date of closing showing title vested as required
Closing the Transaction. The closing agent will cooperate with the approval official, borrower, seller, and other necessary parties to arrange the time and place of closing. The transaction may be closed when the agency determines that the agency re- quirements for the loan have been sat- isfied and the closing agent or ap- proved attorney can issue or cause to be issued a policy of title insurance or final title opinion as of the date of closing showing title vested as required by the agency, the lien of the agency’s mortgage in the priority required by the agency, and title to the mortgaged property subject only to those excep- tions approved in writing by the agen- cy. The loan will be considered closed when the mortgage is filed for record and the required lien is obtained.
Closing the Transaction. The Closing shall occur no later than five (5) Business Days after Buyer and Seller provide the written notice to Escrow Agent that the closing requirements described in Section 6 have been satisfied (the “Closing Date”); provided, however, if the Section 6 requirements have not been satisfied by , 20 (eight (8) months after the Opening Date) (the “Closing Deadline”), then this Agreement shall automatically terminate and shall be of no further force or effect, and Buyer and Seller shall have no further obligations or liabilities hereunder, except for any obligations or liabilities which survive the termination of this Agreement. The City Manager, in his sole discretion, and upon Buyer's written request, may extend the Closing Deadline for a period of time not to exceed thirty (30) days per extension, with a maximum of three (3) extensions. Notwithstanding anything to the contrary, no notice or cure period shall apply to this Section 7.
Closing the Transaction. The closing agent will cooperate with the approval official, borrower, seller, and other necessary parties to arrange the time and place of closing. The transaction may be closed when the agency determines that the agency re- quirements for the loan have been sat- isfied and the closing agent or ap- proved attorney can issue or cause to be issued a policy of title insurance or final title opinion as of the date of closing showing title vested as required by the agency, the lien of the agency’s mortgage in the priority required by the agency, and title to the mortgaged property subject only to those excep- tions approved in writing by the agen- cy. The loan will be considered closed when the mortgage is filed for record and the required lien is obtained.
(a) Disbursement of loan funds. When the closing agent indicates that the conditions necessary to close the loan have been met, loan funds will be for- warded to the closing agent. Loan funds will not be disbursed prior to fil- ing of the mortgage for record; how- ever, when necessary, loan funds may be placed in escrow before the xxxx- xxxx is filed for record and disbursed after it is filed. No development funds will be kept in escrow by the closing agent after loan closing, unless ap- proved by the agency. Loan funds for the payment of a lien may be disbursed only upon the recording of a discharge, satisfaction, or release of prior lien in- terests (or assignment where necessary to protect the interests of the agency).
(b) Title examination and liens or claims against borrowers. If there are ex- ceptions or recorded items which have arisen since the preliminary title opin- ion, the transaction will not be closed until these entries have been cleared of record or approved by the agency. The closing agent will advise the approval official of the nature of such inter- vening instruments and the effect they may have on obtaining a valid xxxx- xxxx of the priority required or the title insurance policy to be issued.
Closing the Transaction. The Closing of this transaction shall occur, as set forth in this Section 7, after the completion of all of the following events:
(1) Buyer has obtained an approval for re-zoning and a site plan of the Property as described in Paragraph 5(g)(i), (2) Buyer has obtained an approval of a minor general plan amendment for the Property as described in Paragraph 5(g)(ii), (3) the Parties have agreed upon a legal description of the Property that excludes the Retained Property as described in Paragraph 5(c), and (4) the Parties agree on the location, area, terms and conditions of the Easements as described in Paragraph 5(f). After the completion and satisfaction of the closing requirements set forth in Sections 7(1), 7(2), 7(3) and 7(4) above, Buyer and Seller shall promptly, in writing, inform Escrow Agent that these closing requirements have been satisfied. The Closing shall occur no later than five (5) Business Days after Buyer and Seller provide the written notice to Escrow Agent that the closing requirements described in 7(1), 7(2), 7(3) and 7(4) have been satisfied (the "Closing Date"); provided, however, if the above requirements 7(1), 7(2), 7(3) and 7(4) have not been satisfied by , 2020 (fifteen (15) months after the Opening Date) (the “Closing Deadline”), then this Agreement shall automatically terminate and shall be of no further force or effect, and Buyer and Seller shall have no further obligations or liabilities hereunder, except for any obligations or liabilities which survive the termination of this Agreement. The City Manager, in his sole discretion, and upon Buyer's written request, may extend the Closing Deadline for a period of time not to exceed thirty (30) days per extension, with a maximum of three (3) extensions. Notwithstanding anything to the contrary, no notice or cure period shall apply to this Section 7.
Closing the Transaction. On the Closing Date the parties shall convene at Cantor and Co. – Law Firm or at any other location which shall be agreed upon between the parties, and will close the transaction as specified in this Section 8 below, while all of the integrated transactions specified below performed correspondingly:
Closing the Transaction. 6.1 On the Closing Date, representatives of the parties shall meet at Pretoria on an agreed time, or such other place as the parties may agree, at which meeting the Seller shall deliver the Documents of Title to the Purchaser; against delivery of the Documents of Title and the Purchaser shall pay to the Seller the balance of the purchase price of the Shares by effecting payment in terms of clause 5.
6.2 The Purchaser shall sign a deed of adherence to the shareholders agreement amongst the shareholders of the Company (if any); and the securities register of the Company shall be updated to reflect the sale of the Shares to the Purchaser.
6.3 The Parties may, by agreement in writing, dispense with the meeting on the Closing Date and may instead ensure the exchange of documents and the purchase price, in such manner as they agree to be convenient.
Closing the Transaction. The Transaction's Closing is subject to:
4.4.1. It had not transpired, until the Closing Date that any of the representations and warranties of the Sellers was materially incorrect on the Execution Date and was not known to the Buyer on the Execution Date. However, the Buyer will be entitled to notify in writing, prior to the Closing Date that it waives the fulfillment of such condition, and in such case the transaction will be closed as specified in this Agreement.
4.4.2. It had not transpired, until the Closing Date that any of the representations and warranties of the Buyer was materially incorrect on the Execution Date and was not known to the Sellers on the Execution Date. However, the Sellers will be entitled to notify in writing, prior to the Closing Date, that they waive the fulfillment of such condition, and in such case, the transaction will be closed as specified in this Agreement. It is clarified that the occurrence of any event until the actual Closing Date which has or may have a material adverse or favorable effect on the Company's business results and/or which materially adversely or favorably changes the Company's business, will not constitute for a party grounds for not closing the transaction.
Closing the Transaction. 4 2.1 Closing . . . . . . . . . . . . . . . . . . . . . . . . 4 2.2 Sellers' Deliveries at Closing . . . . . . . . . . . . . 5 (a) Bill xx Sale . . . . . . . . . . . . . . . . . . 5 (b)
Closing the Transaction
