Completion of Closing. Closing shall be effected as follows:
(a) At such time as the Transactors and Counsel have confirmed (A) the delivery to Escrow Agent of each of the items specified in Sections 10.3(a) and 10.4(a) and (B) tender of delivery of each of the items specified in Sections 10.3(b) and 10.4(b) and provided Escrow Agent has not advised Buyer of any apparent obstacle to issuing the Title Policies as of Closing, the Parties through their respective Transactors or Counsel shall instruct Escrow Agent or the Title Company to record the Deeds and any other Transfer Instruments to be recorded in the appropriate place and delivering the rest of Sellers' Closing Documents to Buyer and Buyer's Closing Documents to Sellers.
(b) Escrow Agent shall make the following disbursements from Escrow as soon as the Title Company has irrevocably committed to issue the Title Policies to Buyer and/or Buyer's nominees (as the case may be):
(1) Disburse to the Secured Lender the amount which shall satisfy and pay in full all Assumption Fees under all Secured Loans to which such Secured Lender is a party.
(2) Pay Closing costs specified in Section 10.4(b)(2).
(3) Disburse all excess funds as directed by Buyer. Disbursements to a Party shall be made by wire transfer of current funds to an account at a commercial bank within the United States, as designated to Escrow Agent by such Party or its Counsel; but if no such account has been so designated to Escrow Agent by the Business Day immediately following the Closing Date, Escrow Agent may instead disburse by (A) its own check, for any amount of $10,000 or less or (B) cashier's check, for any amount exceeding $10,000, dispatched on the Closing Date by overnight courier service to the applicable Party at the address for notices to such Party hereunder.
Completion of Closing. All steps taken in connection with the Closing listed under Section 5.2 shall be taken in the order as listed in Section 5.2 above and will be considered to have occurred simultaneously, as part of a single transaction, and no delivery will be considered to have been made until each such step has been completed, and, thus, the Closing will be completed only after all the steps mentioned above have been taken.
Completion of Closing. For the avoidance of doubt, the Closing under this Clause 5 shall be deemed completed after the Seller and the Purchaser have duly and de facto completed all the handover matters under Clauses 5.2 and 5.3 hereof above.
Completion of Closing. Registration of all the requisite documents in all appropriate offices of public record and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of the Real Estate Closing so that the Real Estate Closing shall not be completed hereunder until everything has been paid, delivered and registered.
Completion of Closing. Registration of all the requisite documents in the Land Title Office and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of closing so that the closing shall not be completed hereunder until everything has been paid, delivered and registered.
Completion of Closing. Closing shall be effected as follows:
10.5.1 At such time as the Transactors and Counsel have confirmed (A) the delivery to Escrow Agent of each of the items specified in Sections 10.2.1 and 10.3.1, (B) tender of delivery of each of the items specified in Sections 10.2.2 and 10.3.2, if applicable (and provided Escrow Agent has not advised the Parties of any apparent obstacle to issuing the Title Policy as of Closing), the Parties through their respective Transactors or Counsel shall instruct Escrow Agent to record the Deed (and any other Transfer Instruments to be recorded) in the appropriate place and (unless a lawyers' Closing) to complete Closing by disbursing funds in accordance with Section 10.5.2 and, as appropriate, delivering Seller's Closing Documents to Buyer and Buyer's Closing Documents to Seller.
10.5.2 If a lawyers' Closing, as soon as Escrow Agent confirms to the Parties that the Title Company is irrevocably committed to issue the Title Policy to Buyer, the Parties through their respective Transactors or Counsel shall instruct Escrow Agent to disburse funds from Escrow as follows:
10.5.2.1 Disburse to Seller, in such respective amounts as Seller shall designate to Escrow Agent in writing before Closing, the sum of (A) the Purchase Price, minus (B) Seller's share of Closing costs to be paid through Escrow, plus or minus (D) the net amount owing to Seller or Buyer (as the case may be) under Section 7.2.3, as shown by the Preliminary Statement.
10.5.2.2 Pay the closing costs specified in Section 10.4.
10.5.2.3 Disburse any excess funds as directed by Buyer. Disbursements to a Party shall be made by wire transfer of current funds to an account at a commercial bank within the United States, as designated to Escrow Agent by such Party or its Counsel; but if no such account has been so designated to Escrow Agent by the Business Day immediately following the Closing Date, Escrow Agent may instead disburse by its own check, for any amount of $10,000 or less, sent on the Closing Date by messenger or overnight delivery service to the applicable Party at the address for notices to such Party hereunder.
10.5.3 If a lawyers' Closing, concurrently with the direction to Escrow Agent to disburse funds from Escrow as provided in Section 10.5.2, the Parties through their respective Transactors and Counsel shall deliver to each other the items specified in Sections 10.2.2 and 10.3.2 and Closing shall be deemed completed.
10.5.4 So long as the Title Company is i...
Completion of Closing. As a condition subsequent to the effectiveness of this Agreement, all of the deliveries provided for under Sections 2.6 and 2.7 must be completed at the Closing (unless expressly waived by the Party entitled to such delivery or as otherwise provided for therein). If all of such deliveries are not so completed, this Agreement (except for this Section 2.8, which shall remain valid and effective) and all of the documents delivered or required to be delivered under Sections 2.6 and 2.7 above shall be null and void ab initio and of no force or effect whatsoever."
Completion of Closing. Completion of registration of all the registrable Closing Documents in the LTO and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of Closing so that the Closing shall not be completed hereunder until everything has been paid, delivered and fully registered.
Completion of Closing. If every obligation under Sections 7.1 and 7.2 is complied with on the First Stage Completion Date, then the purchase and sale of the First Stage Engo Shares contemplated by this Agreement will be completed by:
a) delivery to the Buyer of all documents tabled under Section 8.1; and
b) delivery to the Seller and the Beneficial Sellers of all documents tabled under Section 8.2.
Completion of Closing. Closing shall be effected as follows:
