Common use of New York Style Closing Clause in Contracts

New York Style Closing. It is contemplated that the transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interest, delivery of the title policy or marked-up title commitment described in Section 4.3(d) and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company necessary to accommodate the New York Style Closing.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Taubman Realty Group LTD Partnership), Purchase and Sale Agreement (Taubman Centers Inc), Purchase and Sale Agreement (Taubman Realty Group LTD Partnership)

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New York Style Closing. It is The transactions contemplated that the transaction hereby shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer transfers of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policies and the payment transfer of the Purchase PriceUnits and all other consideration to be paid to the Contributors pursuant to this Agreement. Seller and Purchaser The Contributors shall each provide any reasonable undertaking to the Title Company necessary to accommodate for the New York Style Closing to occur or for the satisfaction of any other requirement for Closing.

Appears in 2 contracts

Samples: Contribution Agreement (Grove Real Estate Asset Trust), Contribution Agreement (Grove Real Estate Asset Trust)

New York Style Closing. It is contemplated The parties agree that the transaction shall be closed by means of a so-called New York Style Closing” (i.e., with meaning the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy Title Policy or marked-up up” title commitment as described in Section 4.3(d) herein and the payment of the Purchase Price). Seller and Purchaser The parties shall each provide any reasonable undertaking customary affidavits or undertakings to the Title Company necessary to accommodate for the aforedescribed New York Style ClosingClosing to occur.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale, Purchase and Sale Agreement (Crystal River Capital, Inc.)

New York Style Closing. It is contemplated that the The transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to pay 50% of the charges of the Title Company necessary to accommodate the for such New York Style Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

New York Style Closing. It is contemplated that the This transaction shall be closed by means of a so-called New York Style Closing, ,” with the concurrent delivery of the documents of title, the Related Agreements, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company necessary to accommodate the New York Style Closing.

Appears in 1 contract

Samples: Agreement to Purchase Hotels and Assume Leases (Red Lion Hotels CORP)

New York Style Closing. It is contemplated that At the request of either party, the transaction shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy Title Policy (or "marked-up up" title commitment as described in Section 4.3(dherein) and the payment of the Purchase Acquisition Price. Seller and Purchaser shall each 40 45 provide any reasonable undertaking (the "GAP UNDERTAKING") to the Title Company necessary to accommodate for the New York Style ClosingClosing to occur.

Appears in 1 contract

Samples: Contribution Agreement (Presidio Golf Trust)

New York Style Closing. It is contemplated that At the request of either party, the transaction shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy Title Policy (or "marked-up up" title commitment as described in Section 4.3(dherein) and the payment of the Purchase Acquisition Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company necessary to accommodate for the New York Style ClosingClosing to occur.

Appears in 1 contract

Samples: Contribution Agreement (Presidio Golf Trust)

New York Style Closing. It is The transactions contemplated that the transaction hereby shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer transfers of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment transfer of the Purchase PriceUnits and all other consideration to be paid to the Contributors pursuant to this Agreement. Seller and Purchaser The Contributors shall each provide any reasonable undertaking to the Title Company necessary to accommodate for the New York Style Closing to occur or for the satisfaction of any other requirement for Closing.

Appears in 1 contract

Samples: Contribution Agreement (Grove Property Trust)

New York Style Closing. It is contemplated that the transaction The transactions shall be closed by means ---------------------- of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment policies described in Section 4.3(d) above and the payment of the Purchase Price. Seller and Purchaser Buyer shall each provide and pay for any reasonable necessary undertaking (the "Gap Undertaking") to the Title Company necessary to accommodate title insurer and the charges of the title insurer for such New York Style ClosingClosing shall be paid equally by the parties hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Agway Inc)

New York Style Closing. It is contemplated that the This transaction shall be closed by means of a so-called New York Style Closing, ,” with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment of the Purchase Price; provided, however, such closing shall not be a so-called “Table Closing”, and the closing shall occur through the Escrow. The Seller shall provide and Purchaser shall each provide pay one hundred percent (100%) of the cost of any reasonable undertaking and/or indemnity (the “Gap Undertaking”) to the Title Company necessary to accommodate for the New York Style Closing.Closing to occur. Section 6.03

Appears in 1 contract

Samples: Hotel Purchase Agreement

New York Style Closing. It is contemplated that the transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interest, delivery of the title policy or marked-up title commitment described in Section 4.3(d) and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company reasonably necessary to accommodate the New York Style Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp)

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New York Style Closing. It is contemplated that the The transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy Title Policy or marked-up title commitment described in Section 4.3(d) 5.1 and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company Insurer necessary to accommodate the New York Style Closing, including a "gap indemnity" to be provided by Seller. Seller and Purchaser shall each pay 50% of the charges of the Title Insurer for such New York Style Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Horizon Group Properties Inc)

New York Style Closing. It is contemplated that At the request of either party, the transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d5.1(e) and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking (the "Gap Undertaking") to the Title Company necessary to accommodate the New York Style Closing. Seller and Purchaser shall each pay 50% of the charges of the Title Company for such New York Style Closing.

Appears in 1 contract

Samples: Stock Option Agreement (Price Reit Inc)

New York Style Closing. It is contemplated that At the request of either party, the transaction shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy Title Policy (or "marked-up up" title commitment as described in Section 4.3(dherein) and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company necessary to accommodate for the New York Style ClosingClosing to occur.

Appears in 1 contract

Samples: Contribution/Purchase and Sale Agreement (Presidio Golf Trust)

New York Style Closing. It is contemplated that the The transaction shall be closed by means of a so-called New York Style Closing, with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment of the Purchase Price. Seller and Purchaser shall each provide any reasonable undertaking to pay 50% of the charges of the Title Company necessary to accommodate the Insurer for such New York Style Closing.

Appears in 1 contract

Samples: Agreement to Purchase Industrial Building (Enesco Group Inc)

New York Style Closing. It is contemplated that At the request of either party, the transaction shall be closed by means of a so-called "New York Style Closing, ," with the concurrent delivery of the documents of title, transfer of interest, delivery of the title policy Title Policy (or "marked-up up" title commitment as described in Section 4.3(dherein) and the payment of the Purchase Acquisition Price. Seller and Purchaser shall each provide any reasonable undertaking to the Title Company necessary to accommodate for the New York Style ClosingClosing to occur.

Appears in 1 contract

Samples: Contribution Agreement (Presidio Golf Trust)

New York Style Closing. It is contemplated that the This transaction shall be closed by means of a so-called New York Style Closing, ,” with the concurrent delivery of the documents of title, transfer of interestinterests, delivery of the title policy or marked-up title commitment described in Section 4.3(d) Title Policy and the payment of the Purchase Price; provided, however, such closing shall not be a so-called “Table Closing”, and the closing shall occur through the Escrow. The Seller shall provide and Purchaser shall each provide pay one hundred percent (100%) of the cost of any reasonable undertaking and/or indemnity (the “Gap Undertaking”) to the Title Company necessary to accommodate for the New York Style ClosingClosing to occur.

Appears in 1 contract

Samples: Purchase Agreement (Red Lion Hotels CORP)

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