Expected Closing Date Clause Samples

Expected Closing Date. Subject to Section 2.9, the Closing shall be December 28, 2005 (the "EXPECTED CLOSING DATE"). Buyer may extend the Closing for up to an additional twenty (20) days upon delivery of written notice to extend the Closing to Escrow and Seller prior to the original Closing Date and by depositing an additional Two Hundred Fifty Thousand and no/100 Dollars ($250,000.00) of ▇▇▇▇▇▇▇ money with Escrow. For purposes of this Agreement, any additional ▇▇▇▇▇▇▇ money deposited with Escrow pursuant to this Section 1.4 shall be added to and become a part of the Accrued Deposit.

Expected Closing Date. Escrow shall close on or before 180 days after Buyer's closing of the purchase of 12503 and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, referred to in Paragraph 1 above.

Expected Closing Date. Subject to Section 2.9, the Closing shall be January 17, 2006 (the "EXPECTED CLOSING DATE"). Buyer may extend the Closing for up to an additional twenty (20) days upon delivery of written notice to extend the Closing to Escrow and Seller prior to the original Closing Date." 5. Seller's has responded to Buyer's written objections to the Exceptions pursuant to Section 2.2 of the Agreement by notifying Buyer that Seller will not cure, clear correct or remove any Exceptions to which Buyer objected. The parties hereby acknowledge and agree that Buyer shall have the option, exercisable by giving written notice thereof to Seller on or before 5 p.m. Phoenix, Arizona time on January 9, 2006, to terminate the Agreement under Section 2.2 if Buyer is unable to clear, correct or remove the Exceptions to which it has objected. If Buyer elects to terminate the Agreement, the provisions of Section 2.6 shall apply. If Buyer fails to provide timely written notice of its election to terminate the Agreement, Buyer shall be deemed to have waived its objections to the Exceptions. 6. As reinstated and amended hereby, the Agreement remains in full force and effect. 7. In order to facilitate execution, (a) this Amendment may be executed in as many counterparts as may be convenient or required, (b) all counterparts shall collectively constitute a single instrument, (c) any signature page to any counterpart may be detached from such counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages and (d) delivery of an executed counterpart of this Amendment by facsimile shall be binding on the parties so delivering.

Expected Closing Date. If not, Buyer shall have the right, on notice to Seller, to terminate this escrow. Notwithstanding the above, if Buyer determines in good faith by the Expected Closing Date that it believes it will not be able to obtain the required government approvals, permits and consents, then Buyer shall still have the right to terminate this escrow. If Buyer determines, at Buyer's sole good faith discretion within the time periods set forth above in this section, that it cannot obtain the government approvals, permits and consents it requires for its contemplated assisted living facilities project, Buyer shall have the right to terminate this Agreement and receive a full return of its Section 2 deposit (together with the interest thereupon). 5.6 Under no circumstances shall Buyer be entitled to activate or record a change in the zoning or permitted uses of the Property prior to close of escrow, although Buyer shall have the right to apply for such prior to close of escrow, and Seller shall cooperate if requested by confirming Buyer's authority to make such applications.