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 July 26, 2010.
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. 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. 5.4
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.
Extension of the Closing Date. The Closing Date under the Agreement is hereby extended to . This Addendum shall take effect upon mutual execution hereof. If an escrow agent is involved with the transaction contemplated by the Agreement, the parties hereto shall provide such escrow agent with a copy of this Addendum.
Extension of the Closing Date. 50. 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”). REVIEW ONLY 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. Pursuant to Section 2.3 of the Purchase Agreement, the Purchaser and the Seller agree that the purchase and sale of the Purchased Equity Interests shall take place at the offices of King & Spalding LLP, 0000 Xxxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxx, on or before April 17, 2015, at 3:00 p.m. (Central Time) (the "Extended Closing Deadline").
Extension of the Closing Date. In the event that Planning Act Compliance has not been obtained by the Planning Act Compliance Deadline, then each of the Vendor and the Purchaser shall have the right to unilaterally extend the Planning Act Compliance Deadline and the Closing Date, one or more times, in each instance by a minimum of thirty (30) and maximum of ninety (90) calendar days, in order to facilitate obtaining Planning Act Compliance. Notwithstanding the foregoing, the Closing Date shall not be extended past September 30, 2024 (the “Outside Severance Date”).
