Contingency Dates Sample Clauses

Contingency Dates a) Buyer shall have until the date that is thirty (30) days following the Opening of Escrow (the "First Contingency Date") to satisfy itself in its sole and absolute discretion that the City is likely to grant Project Entitlements which would allow Buyer to construct at least thirty (30) units per acre on the portion of the Project designated by Buyer for multi-family residential. Buyer shall use reasonable, good faith efforts to meet individually with the Mayor and each of the council members of the City to obtain feedback from said individuals with respect to Buyer's proposed development, including without limitation, Buyer's density requirements. Buyer shall provide Seller, directly or through counsel, with written or verbal reports of said efforts no less than weekly. Buyer's failure to meet with the Mayor or any of the council members, or Buyer's failure to provide any of such written or verbal reports shall not constitute a default by Buyer hereunder and Seller shall have no remedies resulting from any such failure by Buyer. Absent preliminary positive feedback from the City on or prior to the First Contingency Date, Buyer may, by written notice to Seller and Escrow Holder, at Buyer's sole option and without any obligation to do so, cancel this Agreement. If Buyer cancels this Agreement pursuant to this Section 3.1.1(a), Escrow Holder shall return the Deposit to Buyer immediately. If Buyer fails to cancel this Agreement for any reason, or no reason, pursuant to this Section 3.1.1(a), such failure or inaction by Buyer shall not (i) constitute a waiver by Buyer of its right to obtain the Project Entitlements as a condition to the Closing or (ii) in any way affect Buyer's right to terminate this Agreement and receive back its Deposit pursuant to any other provision of this Agreement, including without limitation, (a) Section 2.3.1 for failure of any of the conditions set forth therein, including "e)" (i.e. receipt of the Project Entitlements), (b) Section 3.1.1(b), resulting from Buyer's dissatisfaction with the Property, and (c) Section 3.1.4, resulting from Buyer's disapproval of the condition of title to the Property.
Sample 1
AutoNDA by SimpleDocs

Related to Contingency Dates

  • Delivery Dates If the due date of any notice, certificate or report required to be delivered by the Manager hereunder falls on a day that is not a Business Day, the due date for such notice, certificate or report shall be automatically extended to the next succeeding day that is a Business Day.

  • Effective Dates The representations and warranties of the Purchaser in this Agreement are true in all respects as of the date of this Agreement and further shall be true in all material respects on and as of the Closing as though made at that time.

  • Maturity Dates Unless previously terminated in accordance with the terms of this Agreement, the Commitments shall terminate on the Maturity Date.

  • Closing Dates Each Closing of the purchase of Convertible Debentures by the Buyers shall occur at the offices Yorkville Advisors Global, LP, 0000 Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000. The date and time of each Closing shall be as follows: (i) the First Closing shall be 10:00 a.m., New York time, on the first Business Day on which the conditions to the Closing set forth in Sections 6 and 7 below are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer) (the “First Closing Date”), (ii) the Second Closing shall be 10:00 a.m., New York time, by the third Business Day after the date on which the Registration Statement is filed by the Company with the SEC, provided the conditions to the Closing set forth in Sections 6 and 7 below are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer) (the “Second Closing Date”), and (iii) the Third Closing shall be 10:00 a.m., New York time, by the third Business Day after the Registration Statement is first declared effective by the SEC, provided the conditions to the Closing set forth in Sections 6 and 7 below are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer) (the “Third Closing Date” and collectively referred to as the “Closing Dates”). As used herein “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to remain closed.

  • Multiple Closing Dates In the event the Corporation shall issue on more than one date Additional Shares of Common Stock that are a part of one transaction or a series of related transactions and that would result in an adjustment to the Conversion Price of any series of Preferred Stock pursuant to the terms of Subsection 5.4.4, and such issuance dates occur within a period of no more than ninety (90) days from the first such issuance to the final such issuance, then, upon the final such issuance, such Conversion Price shall be readjusted to give effect to all such issuances as if they occurred on the date of the first such issuance (and without giving effect to any additional adjustments as a result of any such subsequent issuances within such period).

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

  • Due Dates Accrued interest on Base Rate Loans shall be payable on each Quarterly Date, and accrued interest on each LIBOR Loan shall be payable on the last day of the Interest Period therefor and, if such Interest Period is longer than three months, at three-month intervals following the first day of such Interest Period, except that interest payable at the Post-Default Rate shall be payable from time to time on demand and interest on any LIBOR Loan that is converted into a Base Rate Loan pursuant to Section 5.04 shall be payable on the date of conversion (but only to the extent so converted). All accrued and unpaid interest on the Loans shall be paid on the Termination Date.

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • Interest Rate and Payment Dates (a) The Eurodollar Loans shall bear interest for each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin.

  • Conditions The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

Time is Money Join Law Insider Premium to draft better contracts faster.