Extension of Closing Deadline. In consideration of the other agreements set forth herein, the parties hereby agree to extend the Closing Deadline to 2:00 Eastern Standard Time on September 23, 1998. If the closing of the Purchase Agreement does not occur on or before September 23, 1998 (other than due to the wrongful refusal of the Sellers to close), all agreements between Redneck, Woody's and the Sellers will be terminated, except as set forth in paragraph 5 of the August 20 Letter Agreement. Without limiting the foregoing, the management relationship described in paragraph 3 of the August 20 Letter Agreement shall be terminated as of 2:00 p.m. Eastern Standard Time on September 23, 1998, if the closing of the Purchase Agreement has not occurred (other than due to the wrongful refusal of the Sellers to close), and Redneck will promptly vacate all premises of Woody's and relinquish possession and control of the assets and operations of Woody's at such time. Time is of the essence of this agreement.
Extension of Closing Deadline. The parties acknowledge and agree that with respect to the Property owned by XX XX Beachwood Park East, LLC, HP Boulder, L.L.C., XX XX/CI Tampa Avion, LLC, and XX XX/CI Fort Xxxxx Airport, LLC (collectively, the “Extended Properties”), the Closing Date shall be 4:00 p.m. local Atlanta, Georgia time on or before January 14, 2019. Notwithstanding the foregoing, the parties may mutually agree to close on one or more of the Extended Properties on January 11, 2019.
Extension of Closing Deadline. The last sentence of Section 1.3 of the Original Agreement shall be deleted in its entirety and replaced with the following: “Except for those matters intended to survive the termination of this Agreement, this Agreement shall terminate and Seller shall have no obligation to sell the Pulse Seller Interest to Buyer if the Closing on the Pulse Seller Interest does not occur before September 15, 2011 (“Termination Date”); provided, however, such Termination Date shall only apply to the Closing of the Pulse Seller Interest purchased by Buyer and shall not apply to any closing in connection with the ROFR Units, whether by a Member of Pulse Sellers or, in the event of a failure to purchase the ROFR Units by such Member, the Buyer.”
Extension of Closing Deadline. (i) The Closing Deadline shall be tolled during the period of time during which any Dispute regarding whether a condition precedent to Closing has been satisfied is being resolved in accordance with Section 24. In such case, the Closing Deadline shall be extended to the date which is thirty (30) days following the date that such Dispute has been resolved and is final and all appeal periods with respect thereto have expired.
(ii) The Closing Deadline shall be extended in the case that one or more Delay Events prevents or delays a Party from completing a condition precedent to Closing; provided that such extension period (A) shall be only for so long as reasonably required to enable such affected Party to recover from such Delay Event and satisfy such condition precedent to Closing and (B) shall, unless otherwise agreed by the Parties, in no event extend for more than ninety (90) days following the expiration of the original Closing Deadline.
8 A& O Note: To be discussed whether AIDEA should provide closing security for termination damages as well.
Extension of Closing Deadline. Buyer may elect to extend the Closing Deadline on a month to month basis for up to a three (3) month period. As independent consideration for having granted Buyer the right to extend the Closing Deadline and to retain the exclusive right to purchase the Property under this Agreement, Buyer shall pay Seller ONE HUNDRED THOUSAND DOLLARS ($100,000) for each one
(1) month extension of the Closing Date. (“Extension Payment”). The Extension Payment(s) shall be non-refundable and shall not apply towards the Purchase Price or any escrow closing costs. Each time Buyer wishes to extend the Closing Deadline it shall provide written notice to CITY and Escrow Holder not less than ten (10) business days prior to the then existing Closing Deadline and . shall deposit into escrow the Extension Payment. No extension of the Closing Date shall be effective until the Extension Payment is deposited into escrow by Buyer.
Extension of Closing Deadline. The definition of “Closing Deadline” in Section 1.1 of the Agreement is hereby deleted in its entirety and replaced with the following:
Extension of Closing Deadline. Buyer hereby notifies Seller of Buyer’s election to extend the Closing Deadline to November 30, 2018, subject only to Buyer’s delivery of the Extension Deposit on or before October 15, 2018.
Extension of Closing Deadline. The parties acknowledge and agree that with respect to the Property owned by XX XX Beachwood Park East, LLC and HP Boulder, L.L.C., the Closing Date shall be 4:00 p.m. local Atlanta, Georgia time on January 15, 2019.
Extension of Closing Deadline. In consideration of the other agreements set forth herein (and provided that Redneck and Xx. Xxxxxx comply with the other provisions of this September 24 Letter Agreement and the August 20 Letter Agreement and the September 10 Letter Agreement (as modified by this September 24 Letter Agreement)), the parties hereby agree to extend the Closing Deadline to 2:00 Eastern Standard Time on October 8, 1998. If Redneck delivers to Woody's, on or before 2:00 p.m. Eastern Standard Time on October 8, 1998, a financing commitment in an amount at least equal to the amount due to the Sellers at Closing, the Closing Deadline shall be further extended to 2:00 Eastern Standard Time on October 15, 1998. If the closing of the Purchase Agreement does not occur on or before the Closing Deadline, as extended pursuant to this paragraph 5 (other than due to the wrongful refusal of the Sellers to close), all agreements between Redneck, Woody's and the Sellers will be terminated, except as set forth in paragraph 5 of the August 20 Letter Agreement and paragraph 2 of the September 10 Letter Agreement (which shall remain in full force and effect). Without limiting the foregoing, the management relationship described in paragraph 3 of the August 20 Letter Agreement shall be terminated as of 2:00 p.m. Eastern Standard Time on the Closing Deadline if the closing of the Purchase Agreement has not occurred, and Redneck and its representatives will promptly vacate the premises of Woody's and relinquish possession and control of the assets and operations of Woody's at such time. Time is of the essence of this Agreement.
Extension of Closing Deadline. At any time prior to the Closing Deadline, NCFC Recapitalization or North Country may, in its discretion (without any obligation to do so) extend the Closing Deadline to a date selected by it, in the event that one or more of the Closing Conditions shall not have been satisfied, or if additional time is required to determine whether one or more of the Closing Conditions have been satisfied or to seek waivers by the Investors, but in no event may either NCFC Recapitalization or North Country extend the Closing Deadline beyond 11:59 p.m., local time, on December 31, 2004 without the consent of the other party. The party so extending the Closing Deadline shall give notice to the other party of any extension of the Closing Deadline as promptly as practicable after the extension (whether before or after the previous deadline).
