Common use of First Extended Closing Date Clause in Contracts

First Extended Closing Date. If the Closing does not occur by the Primary Target Closing Date solely by reason of a pending Injunction Preventing Closing, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the First Extended Closing Date. Prior to the First Extended Closing Date, CSU shall work diligently and expeditiously, using reasonable e forts, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 2 contracts

Samples: Real Property Purchase and Sale Agreement, Real Property Purchase and Sale Agreement

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First Extended Closing Date. If the Closing does not occur by the Primary Target Closing Date solely by reason of a pending Injunction Preventing Closing, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the First Extended Closing Date. Prior to the First Extended Closing Date, CSU shall work diligently and expeditiously, using reasonable e fortsxx xxxx, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 2 contracts

Samples: Real Property Purchase and Sale Agreement, Real Property Purchase and Sale Agreement

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First Extended Closing Date. If the Closing does not occur by the Primary Target Closing Date solely by reason of a pending Injunction Preventing Closing, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the First Extended Closing Date. Prior to the First Extended Closing Date, CSU shall will work diligently and expeditiously, using reasonable e fortsefforts, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 1 contract

Samples: Real Property Purchase and Sale Agreement and Joint Escrow Instructions

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