Extension of the Closing Date. Subject to the terms and conditions set forth in this Section 10.3, the Parties agree that the Closing Date may be deferred for up to three (3) consecutive periods not to exceed thirty (30) days each (each, a “Deferral Period”).
Extension of the Closing Date. The Closing Date (as defined in Section 5.1 of the Contract) is hereby extended to August 23, 2010.
Extension of the Closing Date. If Seller fails to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one or more times for up to fifteen (15) 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.
Extension of the Closing Date. The parties have agreed to extend the Closing Date, provided at Paragraph 7 of the Agreement, to: .
Extension of the Closing Date. The Closing Date stated in Section 2.6 shall be extended by one Trading Day for each Delivery Default Day during the Delivery Default Period.
Extension of the Closing Date. In the event a ----------------------------- condition precedent set forth in Section 10.1 or 10.2 of this Agreement is not satisfied or waived in writing by the beneficiary thereof on or before the date established by the parties as the Closing Date for reasons beyond the reasonable control of the party responsible for satisfying such condition, and such condition, in the reasonable opinion of the party who is responsible for satisfying such condition, is capable of being satisfied prior to the Closing Deadline, the Closing Date shall be extended, but not beyond the Closing Deadline, to a date determined in good faith by the party or parties responsible for satisfying such condition. The party responsible for satisfying such condition shall use its reasonable best efforts in such case to cause such condition precedent to be satisfied, and all parties shall use their respective reasonable best efforts to obtain an extension of time from any Governmental Authority whose approval or consent to the consummation of the transactions contemplated by any of the Transaction Documents is required and will expire prior to the extended Closing Date. 11. MISCELLANEOUS ------------- 11.1
Extension of the Closing Date. Purchaser shall have the right, in its sole discretion and for any reason, to extend the Closing Date to a date not later than December 31, 2002; provided, that prior to November 30, 2002, Purchaser shall provide (i) written notice to Seller, and (ii) shall deposit an additional Two Million Five-Hundred Thousand U.S. Dollars ($2,500,000) cash by wire transfer of immediately available funds (the "Additional Escrow Amount") to the Escrow Account, such amount to be held in the Escrow Account, in accordance with the terms of the Escrow Agreement. The Additional Escrow Amount shall be held by the Escrow Agent and (i) applied to the Cash Consideration pursuant to Section 2.4(b) if the Transaction is consummated, (ii) paid to Seller as liquidated damages pursuant to Section 2.5, or (iii) returned by the Escrow Agent to Purchaser in all other circumstances. In the event that as of December 31, 2002, either (i) the third-party consents and approvals that are a condition to the obligations of Purchaser pursuant to Section 8.1 have not been obtained, or (ii) Seller has otherwise not satisfied one or more conditions to the obligations of Purchaser set forth in Section 8.1 (unless the failure to satisfy such obligation by such date shall be due to the action or failure of Purchaser), then by written notice to Seller, Purchaser shall have the right, in its sole discretion, to further extend the Closing Date to a date not later than January 31, 2003.
Extension of the Closing Date. In the event that the Purchaser does not complete the transaction contemplated herein on the Closing Date, then in such case, the Vendor shall have the unilateral right at its sole discretion, to extend the Closing Date to a date which is not later than five (5) business days from the Closing Date (the “Extended Closing Period”). Provided that the Vendor elects to extend the Closing Date as aforesaid, then in such case, the Purchaser covenants and agrees with the Vendor to pay to the Vendor on the Closing Date an extension fee of $500 per day plus HST for each day of the Extended Closing Period up to a maximum of $2,500 plus HST (the “Extension Fee”). In the event that the Closing Date is extended for the full Extended Closing Period, then the parties hereto agree that the new closing date will be the fifth business day from the Closing Date. For the purpose of clarity, in the event that the Purchaser pays the Extension Fee for 3 business days, then in such case, the new closing date will be the 3rd business day from the Closing Date. The Purchaser must advise the Vendor’s Solicitors in writing on the Closing Date as to the number of business days required for such extension within the Extended Closing Period. In addition to the Extension Fee, the Purchaser covenants and agrees to pay a one-time administration fee to the Vendor of $500 plus HST (the “Administration Fee”) and the Vendor’s Solicitors’ legal fees of $400 plus HST (the “Legal Fees”). The Extension Fee, the Administration Fee and the Legal Fees shall be paid by the Purchaser to the Vendor’s solicitors by certified cheque, bank draft or wire transfer by no later than 5:00 p.m. on the Closing Date. The Vendor and Purchaser agree that if the Closing Date is extended as contemplated above, then the statement of adjustments shall remain as of the Closing Date. In the event that the Extension Fees and Administration Fee are not paid and received by 5:00 p.m. on the Closing Date, then, this Agreement shall be automatically terminated and be at an end and all deposit monies and any monies paid on account of extras and/or upgrades shall be forfeited to the Vendor as liquidated damages and not as a penalty. The Vendor reserves all of its rights, remedies and recourses hereunder whether at law or in equity.
Extension of the Closing Date. Either party to this Agreement shall have a one-time right to extend the Closing Date to any business day on or before October 28, 2019 upon written notice to the non-extending party on or before October 18, 2019.
Extension of the Closing Date. Notwithstanding anything contained in this Agreement to the contrary, if any of the conditions to Purchaser’s obligation to close set forth in Section 3.07 hereof have not been satisfied by the Closing Date, in addition to the right to terminate this Agreement pursuant to Section 3.07, Purchaser, at its option, by written notice to Seller, may extend the Closing Date until such conditions are satisfied or waived by Purchaser, provided that in no event shall the Closing Date be extended for more than six (6) months without the written consent of Seller; provided further, that Purchaser shall have used (and shall continue to use throughout such period) its best efforts to cause such conditions to be satisfied.
