Extension of Closing. Buyer may extend the date set for Closing one (1) time by thirty
Extension of Closing. (a) In the event the Remediation Work has not been completed by the Closing to the satisfaction of the Tenant, acting reasonably, the Closing may be extended for successive periods of Ten (10) Business Days each (or such other period of time, deemed appropriate by the Landlord) by either the Landlord or the Tenant giving five (5) Business Days’ written notice to the other, until either of the following events:
(i) if the Construction Contract has been 99% completed in the professional opinion of the Landlord’s payment certifier under the Construction Contract (the “Payment Certifier”) acting in accordance with its professional standards (the “Completion Date”) and the Closing shall occur on the Completion Date as set out in notice from the Landlord, and the Landlord shall deliver on Closing its written undertaking to complete the Remediation Work as soon as commercially reasonably possible after Closing having regard to delivery timelines and supplier and contractor availability, subject to subsection (ii) below;
(ii) if an occupancy permit or partial occupancy permit in respect of the Building or a part of the Building has been issued by the chief building official of the municipality, but 99% of the Construction Contract has not been completed in the professional opinion of the Payment Certifier acting in accordance with its professional standards as set out in subsection 6(a)(i), the Landlord may, on five (5) Business Days’ notice to the Tenant, require that the Closing occur on the date set out in the Landlord’s notice and may deliver its written undertaking on Closing to complete the Remediation Work as soon as commercially reasonably possible after Closing. The Tenant acknowledges and agrees that if Closing occurs in accordance with this subsection (ii), the Tenant shall not have access to, possession or use of such areas of the Building as are excluded from the occupancy permit or partial occupancy permit and such other areas of the Demised Premises as may be required by the Landlord to complete the Remediation Work.
(b) If Closing occurs in accordance with either subsection 6(a)(i) or (ii), the Landlord shall cause any remaining Remediation Work to be completed as soon as possible after Closing using reasonable commercial efforts.
(c) In the event the Remediation Work has not been completed to the satisfaction of the Tenant in accordance with the undertaking of the Landlord given in accordance with subsection 6(a)(i) or (ii) above in the opinion of...
Extension of Closing. If the Seller shall be unable to give title to Buyer, or to make conveyance, or to deliver possession of the Premises, all as in accordance with this Agreement, or if at the time of the Closing, the Premises does not conform with the provisions of this Agreement, then the Seller shall use reasonable efforts to remove any defects in title, or to deliver possession as provided herein, or to make the Premises conform to the provisions hereof, as the case may be, in which event the Closing hereunder shall be extended by thirty (30) days. It is understood and agreed that Seller shall not be under any obligation to attempt to cure by litigation or otherwise any defect which may be found to exist in the title to the Premises or to remove any encumbrances upon the title to the Premises not voluntarily placed thereon by the Seller subsequent to the date hereof or to correct any violations of subdivision, plat, zoning, building, minimum housing standard regulations or other similar restrictions or regulations or to otherwise spend more than $5,000.00. This paragraph is also not intended to apply to any damage to the Premises caused by fire or other casualty, as to which the provision of Section 10 shall apply. The Buyer may, however, with the Seller’s consent, elect to waive any such defects and accept such title to the Premises as the Seller are able to convey, without any warranty as to such conditions and without a reduction of the Purchase Price, and the acceptance of the Deed by the Buyer shall be deemed full performance and discharge of all the obligations of the Seller under this Agreement.
Extension of Closing. If the closing of the Purchase Option cannot be effected upon the third business following notice of exercise because any applicable waiting period under the Xxxx-Xxxxx-Xxxxxx Anti-Trust Improvements Act of 1976, as amended (the “HSR Act”) shall not have expired or been terminated, Transferee will promptly take all such actions as may be requested by Transferor, and will otherwise fully cooperate with Transferor, to cause the elimination of all such impediments to the closing of the Purchase Option, and the closing of the Purchase Option will be extended to the third business day following the elimination of all such impediments.
Extension of Closing. The “Closing Date” in Section 4 is amended to be 8:01 a.m. on January 24, 2018.
Extension of Closing. Notwithstanding the provisions of Section 3.1 to the contrary, Buyer shall be entitled to an extension of the Closing date of up to Fifteen (15) days.
Extension of Closing. At the sole option of Buyer, the Closing may be extended a maximum of four (4) weeks from May 27, 2002, provided, however, that Buyer pays Seller, by cashier's check or wire transfer, the non-refundable sum of $50,000 per week, such payments to become credits against the balance due at Closing. Such weekly fee to be paid, if at all, $50,000 on or before May 24, 2002; May 31, 2002; June 7, 2002 and June 14, 2002. Time shall be the essence of this Article 5.02 and the weekly payment shall have been received by Seller on or before the dates stated.
Extension of Closing. The Purchaser may extend the Closing by 30 days up to three times, for a maximum extension of 90 days. The Purchaser Price shall be increased by Forty Thousand U.S. Dollars ($40,000.00) for each extension of the Closing required by the Purchaser. The Purchaser shall give the Vendors at least fourteen (14) days prior written notice in the case of the first extension and at least five (5) days prior written notice in the case of the second and third extension, should they be required. Upon each such notice being given, the Purchaser shall deliver to the Vendors, together with the notice, a cheque in the amount of forty thousand Dollars ($40,000.00) being the increase to the Purchase Price, which shall be held in trust by the Vendors' Counsel, pending the completion of the transactions contemplated herein. This increase to the Purchase Price shall be an increase to the Deposit and shall be treated in a like manner with respect to the provisions of Section 2.2 herein.
Extension of Closing. The Buyer shall have the right to extend the date if Closing for a period not to exceed thirty (30) days. Any future extensions shall be granted solely upon the mutual consent and approval of both the Seller and the Buyer.
Extension of Closing. In the event that the Closing has not occurred on or before April 7, 2015, the Parties will work together to effect Closing on or before April 14, 2015.
