Closing; Time of the Essence Sample Clauses

Closing; Time of the Essence. Unless extended by mutual contract of the Parties, the sale contemplated by this Contract shall be closed no later than the Closing date at the office of the Closing Agent or at a reasonable location mutually agreed upon by the Parties. Notwithstanding the previous sentence, Buyer may, at Buyer’s sole discretion, elect to close this transaction prior to Closing. In the event this sale cannot be closed by the Closing date due to interruption of transport, strikes, fire, flood, extreme weather, governmental regulations, delays
Sample 1
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Closing; Time of the Essence. The transfer of the Assets herein provided shall be consummated by delivery and exchange of the necessary funds and documents by the parties to each other in order to consummate the transaction contemplated by this Agreement on the Closing Date. The "Closing Date" shall be the seventh (7th) day following the Inspection Termination Date, provided that BOP has not previously exercised its right to terminate this Agreement in accordance with paragraph 5 hereof. Time is of the Essence for the Closing Date, however, in order to satisfy the requirements of paragraphs 6A(l)(o) or 11A(3), Transferors may elect in writing to extend such Closing Date for a period of thirty (30) days.
Sample 1

Related to Closing; Time of the Essence

  • Time of the Essence Time is of the essence of this Agreement.

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Time of Essence Time is of the essence of this Agreement.

  • Time is of the Essence Time is of the essence of this Agreement.

  • Time of the Essence in This Tenant Work Letter Unless otherwise indicated, all references herein to a “number of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the document is approved by Landlord.

  • Conditions Precedent to the Effectiveness of this Amendment This Amendment shall become effective as of the date first written above when, and only when, each of the following conditions precedent shall have been satisfied or waived (the “Amendment No. 1 Effective Date”) by the Administrative Agent:

  • Due Execution, Delivery and Performance of the Agreements The Purchaser has full legal right, power and authority to enter into this Agreement and to perform the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by the Purchaser. The execution, delivery and performance of this Agreement by the Purchaser and the consummation of the transactions herein contemplated will not violate any provision of the organizational documents of the Purchaser and will not result in the creation of any lien, charge, security interest or encumbrance upon any assets or property of the Purchaser pursuant to the terms or provisions of, or will not conflict with, result in the breach or violation of, or constitute, either by itself or upon notice or the passage of time or both, a default under any agreement, mortgage, deed of trust, lease, franchise, license, indenture, permit or other instrument to which the Purchaser is a party or by which the Purchaser or any of its assets or properties may be bound or affected or any statute or any authorization, judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental body applicable to the Purchaser or any of its properties. No consent, approval, authorization or other order of any court, regulatory body, administrative agency or other governmental body is required for the execution, delivery and performance of this Agreement or the consummation by the Purchaser of the transactions contemplated hereby. Assuming the valid execution hereof by the Company, this Agreement will constitute the legal, valid and binding obligation of the Purchaser, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and except as the indemnification agreements of the Purchaser in Section 7.3 hereof may be legally unenforceable.

  • Conditions Precedent to the Effectiveness of this Agreement The effectiveness of this Agreement is subject to the receipt by IBM Credit of, or waiver in writing by IBM Credit of compliance with, the following conditions precedent:

  • Time is of Essence Time is of the essence in the performance of this Agreement.

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