DELAYED LEGAL COMPLETION Sample Clauses

DELAYED LEGAL COMPLETION. (A) If the Property Consent has not been obtained by Completion in relation to the Bedford Property then the date for legal completion of the sale and purchase of the Bedford Property shall be postponed to the tenth Business Day after the earlier of: (i) the date on which the Property Consent is obtained; (ii) the expiration of the period for the lodging of an appeal against a decision of a Court of competent jurisdiction that the Property Consent is being unreasonably withheld without such appeal being lodged; and (iii) the relevant Designated Purchaser (if it so elects) giving notice that it wishes to complete the Bedford Property Transfer notwithstanding the non-issue of the Property Consent. (B) Pending legal completion and with effect from Completion the Vendor will procure that in relation to the Bedford Property: (i) the relevant Designated Purchaser is permitted (with all persons authorised by it) to have the unrestricted use and occupation of the whole of the Bedford Property; (ii) no contract is entered into disposing of any interest in or granting any right over or varying or surrendering the lease of the Bedford Property; (iii) subject to being put in funds by the relevant Designated Purchaser, the rents, service charges, outgoings and other sums reserved by the Lease are paid; and (iv) a copy of any notice received in respect of the Bedford Property is promptly produced to the relevant Designated Purchaser and the Vendor takes at the request and cost of the relevant Designated Purchaser all such appropriate action in response to such notice as the relevant Designated Purchaser shall properly require. (C) Pending legal completion and with effect from Completion the relevant Designated Purchaser will, in relation to the Bedford Property: (i) put the Vendor in funds so as to enable it to pay when due all rents, service charges and other outgoings payable in respect of the Bedford Property; (ii) observe and perform the covenants and conditions contained in the title deeds and documents relating to the Bedford Property including the Lease; and (iii) indemnify the Vendor against the acts or omissions of the employees, servants, agents, licensees and invitees of the relevant Designated Purchaser in or about the Bedford Property. (D) The Purchaser acknowledges that as against any person from whom a Property Consent is to be obtained in accordance with this Agreement it has no right to possession or occupation of the Bedford Property. (E) The Vendor ac...
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DELAYED LEGAL COMPLETION. 5.1 If a Property Consent has not been obtained by the Property Completion Date in relation to the Leadenhall Business Property then the date for legal completion of the purchase of the Leadenhall Business Property shall be postponed to the ten Business Days after the earlier of: (A) evidence is provided to the Transferee's Solicitors that the Property Consent has been obtained; (B) the expiration of the period for the lodging of an appeal against a decision of a court of competent jurisdiction that the Property Consent is being unreasonably withheld without such appeal being lodged; and (C) the Transferee (if it so elects) giving notice that it wishes to complete the Property Transfer notwithstanding the non-issue of the Property Consent. 5.2 If any Property Consent has not been obtained by the date which is 3 months after the Property Completion Date in relation to the Leadenhall Business Property then either party may by written notice to the other and at any time thereafter unless and until such Property Consent is in fact obtained elect by written notice or notices to treat the Leadenhall Business Property so affected as withdrawn from the sale and purchase set out in this agreement so that the parties' obligations in respect of the Leadenhall Business Property shall end immediately after the relevant notice is served without limiting any accrued rights of action.
Sample 1
DELAYED LEGAL COMPLETION. 6.1 If the Loudwater Underlease Consent has not been obtained by Completion, then the parties shall proceed with Completion in accordance with Clause ‎6 (Completion) (including execution of the Loudwater Facilities Services Agreement) notwithstanding the absence of such Loudwater Underlease Consent. The date for the grant of the Loudwater Underlease shall (unless an earlier date is agreed by the Parent Seller and the Buyers) be postponed to the tenth Business Day after the earlier of: (a) the date on which the Loudwater Underlease Consent is obtained; or (b) the Buyers (if it so elects) giving notice that it wishes to complete the Loudwater Underlease notwithstanding the fact that the parties have not received the Loudwater Underlease ​ ​ Consent (in which case the Loudwater Underlease will contain an indemnity in favour of the Parent Seller and USS UK, on an after-Tax basis, in respect of any loss to the Parent Seller or USS UK as a direct consequence of the Loudwater Underlease being granted without the Loudwater Underlease Consent).
Sample 1

Related to DELAYED LEGAL COMPLETION

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.

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