Common use of Extension of Outside Closing Date Clause in Contracts

Extension of Outside Closing Date. Upon the occurrence of any damage to the Property which Seller is obligated to repair and restore in accordance with the terms of this Agreement, the Outside Closing Date shall be extended to the date upon which Seller is required hereunder to have such damage repaired, but in no event shall any such extension extend the Outside Closing Date to a date which is more than ninety (90) days after the date of such damage to the Property.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Price Reit Inc), Real Estate Sale Agreement (Price Reit Inc)

AutoNDA by SimpleDocs

Extension of Outside Closing Date. Upon the occurrence of any damage to the Property which Seller is obligated to repair and restore in accordance with the terms of this AgreementProperty, the Outside Closing Date shall be extended to the date upon which Seller is required hereunder to have such damage repaired, but in no event shall any such extension extend the Outside Closing Date to a date which is more than ninety (90) days after the date of such damage to the Property.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Price Reit Inc), Purchase and Sale Agreement (Price Reit Inc)

AutoNDA by SimpleDocs

Extension of Outside Closing Date. Upon the occurrence of any damage to the Property which Seller is obligated to repair and restore in accordance with the terms of this AgreementProperty, the Outside Closing Date shall be extended to the date upon which Seller is required hereunder to have such damage repaired, but in no event shall any such extension extend the Outside Closing Date to a date which is more than ninety sixty (9060) days after the date of such damage to the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Price Reit Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.