Provisions With Respect to Closing. (a) At Closing, Seller shall deliver possession of the Property to Buyer subject to possession by the Tenants under the Leases, and Seller shall execute (where applicable) and deliver, or cause to be delivered, to Buyer the following, in addition to all other documents mentioned elsewhere in this Agreement (collectively, Seller’s Closing Documents”):
Provisions With Respect to Closing. At Closing:
Provisions With Respect to Closing. 8.1 At Closing, Seller shall deliver to Holdings the following documents, duly executed and acknowledged:
Provisions With Respect to Closing. A. Prior to Closing, and provided that all conditions precedent to Seller's obligations under this Agreement are satisfied or waived in writing, Seller shall deliver to the Title Company the following:
Provisions With Respect to Closing. A. Subject to the conditions precedent contained in this Agreement, the Closing of Parcel 1 shall be eight (8) months after the Effective Date of this Agreement (the “Parcel 1 Closing Date”) and the Closing of Parcel 2 shall be sixteen (16) months after the Effective Date of this Agreement (the “Parcel 2 Closing Date”). If either Closing Date falls on a Saturday, Sunday or date on which banks in Chicago, Illinois are closed, then the Closing Date shall be on the next following business day. The Closing shall be held at the Chicago, Illinois office (“Closing”) of the Title Company through an escrow with Chicago Title and Trust Company (the “Escrowee”) pursuant to the Escrowee’s usual form of escrow agreement by the Escrowee, modified in accordance with the terms of this Agreement. Seller and Purchaser shall share equally in the cost of the escrow. The cost of any “New York Style Closing” or “gap closing” shall be shared equally by Seller and Purchaser. All the documents referred to in subsection B. of this Section 9, the Purchase Price and possession of the Parcel shall be delivered on the Closing Date. On the Closing Date for a Parcel when the Title Company issues (or commits in writing to issue) its Title Policy pursuant to Section 9.B. herein below, the Escrowee shall disburse the net proceeds of sale to Seller and Seller shall deliver possession of the Parcel to Purchaser.
Provisions With Respect to Closing. At Closing hereunder: (a) Delivery by Seller. Seller shall deliver to Purchaser the following: (i) Deed. A special Warranty Deed to the Premises prepared by Purchaser duly executed and acknowledged by Seller and in proper recordable form. (ii)
Provisions With Respect to Closing. At Closing, Seller shall deliver to Purchaser (i) a special warranty deed, (ii) an affidavit, in accordance with the Foreign Investment in Real Property Tax Act, stating that Seller is not a foreign person within the meaning of such Act and that Seller is not subject to the withholding requirements set forth in such Act, (iii) an affidavit to Purchaser's title insurance company of the type customarily provided by sellers of real property to induce title companies in the Bensalem area to insure over certain "standard" or "preprinted" exceptions to title, (iv) instruments of assignment duly executed by Seller of all rights (if any) of Seller under all unexpired assignable building, construction and other warranties, and, upon request of Purchaser, shall irrevocably appoint Purchaser as attorney-in-fact for Seller for the purposes of exercising the rights under such unexpired warranties, (v) copies of any available "as built" plans and specifications in Seller's possession for all building and improvements on the Premises, and (vi) all certificates, permits, and licenses in Seller's possession from any governmental authority having jurisdiction over the Premises which are related to the use and operation of the buildings and improvements located on the Premises as an office building.
Provisions With Respect to Closing a. The Closing shall take place on the fifteenth (15th) day following the last day of the Inspection and Feasibility Period (the “Closing Date”). The Closing shall be held at the downtown Chicago, Illinois office of the Title Company through escrow with the Escrowee pursuant to the Escrowee’s usual form of escrow agreement by the Escrowee, modified in accordance with the terms of this Agreement (the “Escrow”). Seller and Purchaser shall share equally in the cost of the Escrow, however Purchaser shall pay for the money lender escrow. Seller and Purchaser shall share the cost of any “New York Style Closing” or “gap closing” equally, except as aforesaid. All the documents referred to in subsection (b) of this Section 10, the Purchase Price and possession of the Property, except as provided in the Lease and Tower Lease, shall be delivered on the Closing Date. On the Closing Date when the Title Company issues (or commits in writing to issue) its Title Policy pursuant to Sections 5(b) hereof, the Escrowee shall disburse the net proceeds of sale to Seller from the Escrow and Seller shall deliver possession of the Property, except the Leased Premises, to Purchaser as provided in this Agreement. Purchaser shall cooperate with the Seller to secure the transfer stamps of the Village of Hxxxxxx Heights (the “Village”). Seller shall be responsible for repairs required by the Village to be performed based on the Village’s sale-inspection of the Property. In the event the Seller does not complete such repairs prior to Closing, the Seller shall complete such repairs after Closing in a time frame permitted by the Village to induce the Village to issue the transfer stamps. If a bond or deposit is required by the Village for such repairs, it shall be made by the Seller and refunded to the Seller upon completion of the repairs. If the Closing cannot be consummated prior to Seller making any such repairs, the Closing shall be postponed until three (3) business days after the Village has confirmed that all such repairs have been completed. The Purchaser and Seller shall execute any and all documents required by the Village to procure such transfer stamps.
Provisions With Respect to Closing
