Determination of Dates of Performance. Promptly after delivery to Buyer of the Title Documents, Escrow Holder shall prepare and deliver to Buyer and Seller a schedule which shall state each of the following dates: 6.8.1. The Effective Date pursuant to Section 2.1.1; 6.8.2. The date of receipt of the Title Documents by Buyer; 6.8.3. The date by which title must be approved by Buyer pursuant to Section 3.2; 6.8.4. The Delivery Date pursuant to Section 4.1; 6.8.5. The date by which the Inspections and Due Diligence Items must be approved by Buyer pursuant to Section 3.2; 6.8.6. The date by which the amounts described in Section 2 must be deposited by Buyer, for which determination Escrow Holder shall assume satisfaction of the condition expressed in Section 2 on the last date stated for its satisfaction; and 6.8.7. The date of Close of Escrow pursuant to Section 6.2. If any events which determine any of the aforesaid dates occur on a date other than the date specified or assumed for its occurrence in this Agreement, Escrow Holder shall promptly redetermine as appropriate each of the dates of performance in the aforesaid schedule and notify Buyer and Seller of the dates of performance, as redetermined.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Grubb & Ellis Healthcare REIT, Inc.), Purchase and Sale Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Determination of Dates of Performance. Promptly after delivery to Buyer of the Title DocumentsDocuments and Survey, Escrow Holder shall prepare and deliver to Buyer and Seller a schedule which shall state each of the following dates:
6.8.1. The Effective Date pursuant to Section 2.1.1Date;
6.8.2. The date of receipt of the Title Documents and the Survey by Buyer;
6.8.3. The date by which title the Title Documents and the Survey must be approved by Buyer pursuant to Section 3.2Paragraph 5;
6.8.4. The Delivery Date pursuant to Section Paragraph 4.1;
6.8.5. The date by which the Inspections and Due Diligence Items must be approved by Buyer pursuant to Section 3.2Paragraph 5;
6.8.6. The date by which the amounts described in Section Paragraph 2 must be deposited by Buyer, for which determination Escrow Holder shall assume satisfaction of the condition expressed in Section Paragraph 2 on the last date stated for its satisfaction; and
6.8.7. The date of the Close of Escrow pursuant to Section Paragraph 6.2. If any events which determine any of the aforesaid dates occur on a date other than the date specified or assumed for its occurrence in this Agreement, Escrow Holder shall promptly redetermine as appropriate each of the dates of performance in the aforesaid schedule and notify Buyer and Seller of the dates of performance, as redetermined.
Appears in 1 contract
Samples: Purchase and Sale Agreement (NNN Healthcare/Office REIT, Inc.)
Determination of Dates of Performance. Promptly after delivery to Buyer of The parties hereto, and the Title DocumentsAgent, Escrow Holder shall prepare have mutually prepared and deliver to Buyer and Seller delivered a schedule which shall state states each of the following dates:
6.8.1. The Effective Date pursuant to Section Paragraph 2.1.1;
6.8.2. The date of receipt of the Title Documents by Buyer;
6.8.3. The date by which title must be approved by Buyer pursuant to Section Paragraph 3.2;
6.8.4. The Delivery Date pursuant to Section Paragraph 4.1;
6.8.5. The date by which the Inspections and Due Diligence Items must be approved by Buyer pursuant to Section 3.2Paragraph 5.2;
6.8.6. The date by which the amounts described in Section Paragraph 2 must be deposited by Buyer, for which determination Escrow Holder shall assume satisfaction of the condition expressed in Section Paragraph 2 on the last date stated for its satisfaction; and
6.8.7. The date of Close of Escrow pursuant to Section Paragraph 6.2. If any events which determine any of the aforesaid dates occur on a date other than the date specified or assumed for its occurrence in this Agreement, Escrow Holder parties, and the Title Agent, shall promptly redetermine amend the schedule and re-determine as appropriate each of the dates of performance in the aforesaid schedule and notify Buyer and Seller of the dates of performance, as redetermined. THE PARTIES HAVE EXCHANGED THIS SCHEDULE OF EVENTS.
Appears in 1 contract
Determination of Dates of Performance. Promptly after delivery to Buyer of the Title Documents, Escrow Holder shall prepare and deliver to Buyer and Seller a schedule which shall state each of the following dates:
6.8.1. The Effective Date pursuant to Section Paragraph 2.1.1;
6.8.2. The date of receipt of the Title Documents by Buyer;
6.8.3. The date by which title must be approved by Buyer pursuant to Section Paragraph 3.2;
6.8.4. The Delivery Date pursuant to Section 4.1Paragraph 3.2;
6.8.5. The date by which the Inspections and Due Diligence Items must be approved by Buyer pursuant to Section 3.2Paragraph 5.2;
6.8.6. The date by which the amounts described in Section Paragraph 2 must be deposited by Buyer, for which determination Escrow Holder shall assume satisfaction of the condition expressed in Section Paragraph 2 on the last date stated for its satisfaction; and
6.8.7. The date of Close of Escrow pursuant to Section Paragraph 6.2. If any events which determine any of the aforesaid dates occur on a date other than the date specified or assumed for its occurrence in this Agreement, Escrow Holder shall promptly redetermine as appropriate each of the dates of performance in the aforesaid schedule and notify Buyer and Seller of the dates of performance, as redetermined.
Appears in 1 contract
Samples: Purchase and Sale Agreement (NNN Healthcare/Office REIT, Inc.)
