Contract Closing Clause Samples

The Contract Closing clause defines the procedures and requirements for finalizing the agreement between the parties. It typically outlines the date, location, and conditions that must be met for the contract to be considered officially closed, such as the exchange of documents, payment of funds, or transfer of assets. This clause ensures that both parties have a clear understanding of when and how their obligations are fulfilled, thereby reducing the risk of disputes and providing a definitive endpoint to the transaction.
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Contract Closing. After all Contract Documents required to be executed by and/or submitted by the successful Bidder have been received by the Village and reviewed and determined by the Village to be in compliance with the Contract Documents, the Village shall execute the Agreement and return to the successful Bidder two (2) executed originals of the Agreement, after which the Village may then issue to the successful Bidder the respective Notice to Proceed. The successful Bidder may provide one (1) executed original Agreement to the successful Bidder’s surety company or companies.
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Contract Closing. It is mutually agreed that this contract and Task Orders issued on it shall remain open and in effect through the construction period of any Task Order design that results in construction or until release of claims is requested and processed by the government.
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Contract Closing. SECTION 1. This Agreement and Addenda, Numbers 1 through 22 attached hereto, shall become effective on the first day of June 2020 and remain in force and effect until the 31st day of May 2023 and shall continue in full force from year to year thereafter unless written notice of reopening is given not less than ninety (90) days prior to the expiration date. In the event such notice of reopening is served, this Agreement shall continue in force and effect until conferences relating thereto have been terminated by either party. SECTION 2. If, pursuant to federal or state law, any provision of this Agreement shall be found by a court of competent jurisdiction to be void or unenforceable, all of the other provisions of this Agreement shall remain in full force and effect. SECTION 3. Notwithstanding any other provision of this Article, an award of the National Joint Adjustment Board rendered pursuant to the procedures prescribed in Article X of this Agreement may as a part thereof, direct the cancellation of this Agreement and in addition to any other legal remedies which may be available to the parties, this Agreement may be canceled by either party hereto in the event of the failure of the other to effectuate any award or order of the National Joint Adjustment Board within thirty (30) days of the date of notice thereof. No 1: Spiral pipe will not be permitted on the low pressure or conventional Side of a pressure reduction devise. This will not apply in remodeling and repair work being done in an industrial plant or the office of said Plant if it is a part of the plant’s structure. Any revamping of or adding to the building’s structure and mechanical work included therein will be considered new construction. Clarification of any questions in the interpretation of this Article shall be settled at a pre-bid conference. No 2: Conduit and flexible hose is classified as follows:
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Contract Closing. This Option is conditioned upon the purchase pursuant to the Contract closing. If such closing has not occurred by May 21, 2003, then this Option will automatically terminate and be of no further effect.
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Related to Contract Closing

  • Contract Closure Contracting Officer shall give appropriate written notice to Purchaser when Purchaser has complied with the terms of this contract. Purchaser shall be paid refunds due from Timber Sale Account un- der B4.24 and excess cooperative deposits under B4.218.

  • Contract Closeout The Provider Agency shall comply with all requirements of Policy Circular P7.01, Contract Closeout, including the timely submittal of the Final Report of Expenditures and any other financial or programmatic reports required by the Department. All required documentation is due within 120 Days of Contract Expiration, Non-renewal or Termination.

  • Project Closeout a. Participate in final inspection to prepare punch lists for project contractor to correct and/or to complete listed items. Verify that items on punch lists have been completed successfully assist COUNTY Project Manager or designee to determine completion date and coordinate project close out. a. Coordinate the preparation, acceptance and distribution of project closeout documents in accordance with COUNTY Project Manager or designee procedures to clients.

  • Seller’s Closing Documents On the Closing Date, Seller shall have executed and delivered or caused to be delivered to Buyer the following (collectively, “Seller’s Closing Documents”), all in form and content reasonably satisfactory to Buyer:

  • Seller’s Closing Deliveries Seller shall have delivered to Purchaser the following at Closing: (a) the Assignment, the Bill ▇▇ Sale and other instruments of transfer to effectively assign, transfer and convey good and marketable title to the Purchased Assets as Purchaser shall reasonably request, in form and substance reasonably satisfactory to Purchaser; (b) copies of the Records which Purchaser may reasonably request; (c) a certified copy of Resolutions of the Board of Directors of Seller authorizing the execution, delivery and performance of this Agreement; (d) a certificate of good standing of Seller from the Secretary of State of Georgia; (e) evidence satisfactory to Purchaser that all Liens described on Schedule 5.3(a) herein have been removed or otherwise addressed to Purchaser's satisfaction; (f) a list of the Accounts Receivable from all Customers (Reports 18A and 19A) and a list of the Unearned Revenue (Report 17), each as of the last NRTC billing period ending prior to the Closing Date; (g) a certificate signed by Seller's president, dated the Closing Date, to the effect that the conditions set forth in this Article VIII have been satisfied; (h) an opinion of Jame▇ ▇. ▇▇▇▇, ▇▇., ▇▇q., counsel to Seller, in form and substance reasonably acceptable to Purchaser; (i) a certificate signed by Seller's president, dated the Closing Date, regarding the transfer of Seller's account at Huntington Bank; (j) a Noncompetition Agreement with Seller substantially in the form attached hereto as Schedule 8.9; and (k) such other documents and instruments as may be reasonably requested and satisfactory to Purchaser and its counsel in connection with Seller's satisfaction of each of its obligations hereunder.