Common use of Delay in Closing Clause in Contracts

Delay in Closing. In the event that the purchaser fails to take title to the Premises within fifteen (15) days after the issuance of the Permanent Certificate of Occupancy, Purchaser shall pay to Seller the sum of $ per day for each and every day from the date that the Permanent Certificate of Occupancy was issued to and including the date of closing.

Delay in Closing. In the event that the purchaser fails to take title to the Premises within fifteen (15) days after the issuance of the Permanent Certificate of Occupancy, Purchaser shall pay to Seller the sum of $ $  per day for each and every day from the date that the Permanent Certificate of Occupancy was issued to and including the date of closing.