Extension of Time for Closing Sample Clauses

Extension of Time for Closing. It is anticipated that the successful closing of the Transaction will be completed as soon as is practical but by no later than the Closing Date. If the Transaction is not completed by the Closing Date and Purchaser has been proceeding in good faith to complete its due diligence and negotiate the transaction documents in order to consummate the Transaction, Purchaser and Company shall Evaluate the progress made towards closing and, if suitable progress is being made, discuss in good faith a revised Measurement Period (as defined below) and Closing Date. In the event satisfactory progress has not been made towards closing or if the Closing Date cannot occur by 15 Days either Purchaser and Company may withdraw from the Transaction without any further Obligation or liability to the other party except that the Company obligation in Section 5 shall survive. Any party withdrawing from the Transaction pursuant to preceding sentence shall
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Extension of Time for Closing. The parties acknowledge that the Asset Seller and Purchaser have agreed to extend the time for the Closing under the Agreement for Purchase and Sale of Assets between Xxx Xxxxxx & Associates, Inc. dba Wild Animal Safari and Great American Family Parks, Inc. dated as of November 8, 2004 (the “Asset Purchase Agreement”) to May 2, 2005. The parties acknowledge that Section 7 of the Real Property Purchase Agreement provides that the Closing is to take place no later than the closing of the transactions contemplated by the Asset Purchase Agreement. Therefore, Section 7 of the Real Property Purchase Agreement is hereby amended by adding the following at the end of the existing text thereof: “The parties agree that the Closing Date shall be May 2, 2005, or such earlier date as Purchaser and Real Property Seller may, by written mutual agreement, designate.”
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Extension of Time for Closing. In consideration of certain accommodation to be provided to Asset Seller and Real Property Seller as described in Section 6 of this First Amendment, the parties wish to agree to extend the time for Closing to May 2, 2005. Therefore, paragraph (a) of Section 20 of the Asset Purchase Agreement is hereby amended by inserting the text set out below immediately following the existing text of said paragraph (a): “Asset Seller and Purchaser agree that Purchaser shall have the further right to extend, and Purchaser hereby extends, the time for Closing until 10:00 a. m. (LaGrange, Georgia, local time) on May 2, 2005. The parties agree that the Closing Date shall be May 2, 2005, or such earlier date, if any, as Purchaser and Asset Seller may, by written mutual agreement, designate.”
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Extension of Time for Closing. The parties agree to extend the time for Closing until 6 p. m. (local time in LaGrange, Georgia) on June 13, 2005. Therefore, paragraph (a) of Section 20 of the Asset Purchase Agreement is hereby amended by inserting the text set out below immediately following the existing text of said paragraph (a): AAsset Seller and Purchaser agree that Purchaser shall have the further right to extend, and Purchaser hereby extends, the time for Closing until 6 p. m. (local time in LaGrange, Georgia) on June 13, 2005. The parties agree that the Closing Date shall be June 13, 2005, or such earlier date as Purchaser and Asset Seller may, by written mutual agreement, designate.@
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Extension of Time for Closing. 1.01. Quantum agrees to extend the Closing, as that term is defined in the Agreement, for thirty (30) days commencing from November 1, 1996 in exchange for Buyer paying Quantum the sum of Seventy-five Thousand Dollars ($75,000.00) via wire transfer. This wire transfer must be made by Buyer prior to 3:00 p.m. EST on Wednesday, October 30, 1996 or this Amendment and the Agreement will terminate as of 5:00 p.m. EST Wednesday, October 30, 1996.
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Extension of Time for Closing. The parties agree that the Real Property Purchase Agreement is amended to extend the time for the Closing thereof until June 13, 2005.
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Extension of Time for Closing. 1.01. Quantum agrees to extend the Closing, as that term is defined in the Agreement, for thirty (30) days commencing from November 1, 1996 in exchange for Buyer paying Quantum the sum of Seventy-five Thousand Dollars ($75,000.00) via wire transfer. This wire transfer must be made by Buyer prior to 3:00 p.m. EST on Wednesday, October 30, 1996 or this Amendment and the Agreement will terminate as of 5:00 p.m. EST Wednesday, October 30, 1996. 1.02. If so requested in writing by Buyer, Quantum will agree to a second extension of the Closing for thirty one (31) days commencing from December 1, 1996 in exchange for Buyer paying Quantum the sum of Seventy-five Thousand Dollars ($75,000.00) via wire transfer. Receipt of this wire transfer must be confirmed by Quantum by 3:00 p.m. EST on or before November 30, 1996, or this Amendment and the Agreement will terminate as set forth in Section 3, below.
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Extension of Time for Closing. IMEA may extend the date for Closing (as set forth in Article 3.2.1 above) a maximum of ninety (90) additional days, if and only if IMEA deposits with Escrow Holder an additional $500,000
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Extension of Time for Closing. The parties acknowledge that the Asset Seller and Purchaser have agreed to extend the time for the Closing under the Agreement for Purchase and Sale of Assets between Xxx Xxxxxx & Associates, Inc. dba Wild Animal Safari and Great American Family Parks, Inc. dated as of November 8, 2004, as amended by First Amendment dated February 18, 2005, and by Second Amendment of even date herewith (the “Asset Purchase Agreement”) to May 31, 2005. The parties acknowledge that Section 7 of the Real Property Purchase Agreement provides that the Closing is to take place no later than the closing of the transactions contemplated by the Asset Purchase Agreement. Therefore, Section 7 of the Real Property Purchase Agreement is hereby amended by deleting the sentence which was added thereto by Section 3 of the First Amendment and inserting in lieu thereof the following sentence at the end of the existing text of said Section 7: “The parties agree that the Closing Date shall be May 31, 2005, or such earlier date as Purchaser and Real Property Seller may, by written mutual agreement, designate.”
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Related to Extension of Time for Closing

  • Extension of Time If the Executive shall be in violation of any provision of this Article 6, then each time limitation set forth in this Article 6 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Article 6 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive.

  • Extension of Time; Waiver At any time prior to the Effective Time, the parties may, by action taken or authorized by their respective Boards of Directors, to the extent permitted by applicable Law, (a) extend the time for the performance of any of the obligations or acts of the other parties, (b) waive any inaccuracies in the representations and warranties of the other parties set forth in this Agreement or any document delivered pursuant hereto or (c) subject to applicable Law, waive compliance with any of the agreements or conditions of the other parties contained herein; provided, however, that after the Company Stockholder Approval has been obtained, no waiver may be made that pursuant to applicable Law requires further approval or adoption by the Stockholders without such further approval or adoption. Any agreement on the part of a party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such party. No failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any rights or remedies which they would otherwise have hereunder.

  • Extension of Time Periods The parties may extend any period of time provided in this Article 7 by mutual agreement.

  • Extension of Time, Waiver, Etc At any time prior to the Effective Time, any party may, subject to applicable Law, (a) waive any inaccuracies in the representations and warranties of any other party hereto, (b) extend the time for the performance of any of the obligations or acts of any other party hereto or (c) waive compliance by the other party with any of the agreements contained herein or, except as otherwise provided herein, waive any of such party’s conditions. Notwithstanding the foregoing, no failure or delay by the Company, Parent or Merger Sub in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right hereunder. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Expiration and Extension of the Offer The Offer shall initially be scheduled to expire at one minute after 11:59 p.m. (New York City time) on the twentieth business day (calculated as set forth in Rule 14d-1(g)(3) and Rule 14e-1(a) under the Exchange Act) following the Offer Commencement Date (the initial expiration date, or such subsequent date to which the expiration of the Offer is extended pursuant to and in accordance with the terms of this Agreement, the “Expiration Date”). Notwithstanding the foregoing, unless this Agreement has been terminated in accordance with Article VII (and subject to the Company’s and Parent’s respective rights to terminate this Agreement in accordance with Article VII), (i) Merger Sub shall extend the Offer and the Expiration Date for any period required by the Securities Laws, the interpretations and positions of the SEC and its staff with respect thereto or the rules and regulations of NASDAQ applicable to the Offer or as may be required by any other Governmental Authority, and (ii) if at any scheduled Expiration Date the Tender Offer Conditions shall not have been satisfied or earlier waived by Parent or Merger Sub, Merger Sub shall (and shall be permitted to) extend the Offer and the Expiration Date on one or more occasions, in consecutive increments, up to ten (10) Business Days each after such previously scheduled Expiration Date (or such longer period as Parent and the Company may agree) to permit such Tender Offer Condition to be satisfied; provided, that if, as of the then-scheduled Expiration Date, the sole unsatisfied Tender Offer Condition (other than those conditions that by their nature are to be satisfied at the Acceptance Time and the condition with respect to the delivery of certificates referenced in paragraph (5) of Exhibit A) is the Minimum Condition, Merger Sub shall only be required (but shall have the right in its sole discretion) to extend the Offer and the Expiration Date for a single period equal to the shorter of (A) twenty (20) Business Days and (B) the number of Business Days remaining prior to the Outside Date; provided, further, that Merger Sub shall in no event be required to extend the Offer and the Expiration Date to a date later than the earlier to occur of the termination of this Agreement in accordance with to Article VII and the Outside Date.

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Extension of Closing Date 54 (a) If Paragraph 8(b) is checked and Closing funds from Buyer’s lender(s) are not available on Closing Date due 55 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), 56 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days.

  • Extension of the Term The Term may be extended at the option of NAI for up to two successive periods of five years each; provided, however, that prior to each such extension the following conditions must have been satisfied: (A) NAI must have delivered a notice of its election to exercise the option at least one hundred eighty days prior to the end of the Term, and prior to the commencement of any such extension BNPPLC and NAI must have agreed in writing upon, and received the written consent and approval of BNPPLC’s Parent and all Participants (other than Participants being replaced at the request of NAI as provided in Paragraph 6) to, (1) a corresponding extension of the date specified in clause (1) of the definition of Designated Sale Date in the Common Definitions and Provisions Agreement and of the term of the Ground Lease, and (2) an adjustment to the Rent that NAI will be required to pay during the extension, it being expected that the Rent for the extension may be different than the Rent required for the original Term or any prior extension, and it being understood that the Rent for any extension must in all events be satisfactory to both BNPPLC and NAI, each in its sole and absolute discretion; (B) at the time of NAI’s exercise of its option to extend, no Event of Default has occurred and is continuing, and no Event of Default will result from the extension; (C) immediately prior to any such extension, this Lease must then remain in effect; and (D) if this Lease has been assigned by NAI, then NAI must have executed a guaranty (or confirmed an existing guaranty, if applicable), guaranteeing NAI’s assignee’s obligations under the Operative Documents throughout such extended Term. With respect to the condition that BNPPLC and NAI must have agreed upon the Rent required for any extension of the Term, neither NAI nor BNPPLC is willing to submit itself to a risk of liability or loss of rights hereunder for being judged unreasonable. Similarly, neither BNPPLC’s Parent nor any Participant is expected to submit itself to a risk of liability or loss of rights for being judged to have unreasonably withheld consent or approval to any extension of the Term. Accordingly, NAI, BNPPLC, BNPPLC’s Parent and Participants will each have sole and absolute discretion in making its determination, and both NAI and BNPPLC hereby disclaim any obligation express or implied to be reasonable in negotiating the Rent for any such extension. Subject to the changes to the Rent and satisfaction of the other conditions listed in this subparagraph, if NAI exercises its option to extend the Term as provided in this subparagraph, this Lease will continue in full force and effect, and the leasehold estate hereby granted to NAI will continue without interruption and without any loss of priority over other interests in or claims against the Property that may be created or arise after the Effective Date and before the extension.

  • Expiration of the Warrant This Warrant shall expire and shall no longer be exercisable as of the earlier of:

  • Conditions to Effectiveness of Extensions Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless:

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