Common use of Extension of Closing Date Clause in Contracts

Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time for up to thirty (30) days by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing date.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (Highland Hospitality Corp)

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Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions prior to the Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time (1) or more times, for up to thirty (30) days in the aggregate, in each case by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing dateClosing Date.

Appears in 2 contracts

Samples: Master Purchase and Sale Agreement (Hersha Hospitality Trust), Master Purchase and Sale Agreement (Hersha Hospitality Trust)

Extension of Closing Date. If Seller determines that it will be is unable to remove or cure any Unpermitted Exceptions Title Objection(s) prior to Closing, Seller shall have the right, but not the obligation, right to postpone the Closing one time and extend the Closing Date for up to thirty (30) days by providing written notice to Purchaser no later than three (3) Business Days prior to the then originally scheduled closing dateClosing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Pebblebrook Hotel Trust), Purchase and Sale Agreement (Pebblebrook Hotel Trust)

Extension of Closing Date. If Seller determines that it will be unable fails to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, right to postpone the Closing one time or more times for up to thirty no more than fifteen (3015) days Business Days in the aggregate, in each case by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing dateClosing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carey Watermark Investors Inc)

Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time or more times for up to thirty (30) days in the aggregate in each case by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pebblebrook Hotel Trust)

Extension of Closing Date. If Seller determines that it will be is unable to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, right to postpone the Closing one time and extend the Closing Date for up to thirty (30) days by providing written notice to Purchaser no later than three (3) Business Days prior to the then originally scheduled closing dateClosing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions Exception or Required Removal Exception prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time for up to thirty (30) days in the aggregate by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing dateScheduled Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lasalle Hotel Properties)

Extension of Closing Date. If the Seller determines Parties determine that it they will be unable to remove or cure any Unpermitted Exceptions prior to Closing, the Seller Parties shall have the right, but not the obligation, to postpone the Closing to a date not later thirty-one time for up to thirty (3031) days after the originally scheduled Closing Date by providing written notice to the Purchaser no later than Parties thereof at least three (3) Business Days prior to the then scheduled closing dateClosing Date.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Pebblebrook Hotel Trust)

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Extension of Closing Date. If Seller determines that it will be is unable to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, right to postpone the Closing one time and extend the Closing Date for up to thirty (30) days by providing written notice to Purchaser no later than three (3) Business Days five days prior to the then originally scheduled closing date; PROVIDED, HOWEVER, that in no event may the Closing Date be extended beyond June 26, 2000.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership)

Extension of Closing Date. If Seller determines that it will be unable fails to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, right to postpone the Closing one time or more times for up to thirty sixty (3060) days in the aggregate in each case by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (DiamondRock Hospitality Co)

Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions Exception prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time or more times for up to thirty sixty (3060) days in the aggregate in each case by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing dateClosing Date; provided, however, Seller may not extend the Closing Date beyond the date that is one hundred eighty (180) days after the date of this Agreement pursuant to this Section 5.3(d).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership)

Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions in the manner provided in Section 5.3.4 at or prior to Closing, Seller shall have the right, but not the obligation, subject to Section 10.1, to postpone the Closing one time for up or more time(s) to thirty (a date no later than December 30) days by providing , 2022. upon written notice thereof to Purchaser no later than three (3) Business Days prior to the then scheduled closing dateClosing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Braemar Hotels & Resorts Inc.)

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