Common use of Purchaser’s Obligations at Closing Clause in Contracts

Purchaser’s Obligations at Closing. Except as set forth to the contrary in Section 1.5 above, not later than one (1) business day prior to Closing, Purchaser shall deliver to Title Company: (a) the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided, in immediately available wire transferred funds pursuant to Section 1.5 hereof, it being agreed that at Closing the Xxxxxxx Money shall be delivered to Seller and applied towards payment of the Purchase Price; (b) four (4) duly executed counterparts of the instruments described in Sections 4.2(b), 4.2(c) and 4.2(d) hereof and one (1) duly executed counterpart of each of the instruments described in Section 4.2(f) hereof; (c) such evidence as Seller’s counsel and/or the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Purchaser; and (d) such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement (Industrial Property Trust Inc.)

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Purchaser’s Obligations at Closing. Except as set forth Prior to 3:00 p.m. Eastern Time on the Closing Date, Purchaser shall deliver to the contrary in Title Company the full amount of the Purchase Price (less the Exxxxxx Money), as increased or decreased by prorations and adjustments as herein provided, by wire transfer of immediately available US federal funds pursuant to Section 1.5 abovehereof, not it being agreed that at Closing the Exxxxxx Money shall be delivered to Seller and applied towards payment of the Purchase Price. Not later than one (1) business day prior to Closing, Purchaser shall deliver to Title Company: (a) the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided, in immediately available wire transferred funds pursuant to Section 1.5 hereof, it being agreed that at Closing the Xxxxxxx Money shall be delivered to Seller and applied towards payment of the Purchase Price; (b) four (4) duly executed counterparts of the instruments described in Sections 4.2(b), ) and 4.2(c) and 4.2(dhereof; (b) hereof and one (1) duly executed counterpart of each of the instruments described in Interim Agreement if required under Section 4.2(f) hereof3.4; (c) such additional documents as shall be reasonably required to consummate the transaction expressly contemplated by this Agreement; and (d) such evidence as Seller’s counsel and/or the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Purchaser; and (d) such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Procaccianti Hotel Reit, Inc.)

Purchaser’s Obligations at Closing. Except as set forth to the contrary in Section 1.5 above, not later than one (1) business day prior to At Closing, Purchaser shall deliver to Title CompanyEscrow Agent or Seller, as applicable: (a) the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided, in immediately available wire transferred funds pursuant to Section 1.5 hereof, it being agreed that at Closing the Xxxxxxx Money shall be delivered to Seller Sellers and applied towards payment of the Purchase Price; (b) four (4) duly executed counterparts of the instruments described in Sections 4.2(b4.2(e), 4.2(c4.2(f), 4.2(g), 4.2(h), 4.2(n), 4.2(p) (if applicable), 4.2(q) (if applicable), 4.2(r) (if applicable), 4.2(s) (if applicable), 4.2(v) and 4.2(d4.2(w) hereof and one (1) duly executed counterpart of each of the instruments described in Section 4.2(fif applicable) hereof; (c) such evidence as Seller’s counsel and/or the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Purchaser; and (d) such additional any and all other documents as shall be reasonably or other items which are required to consummate the transaction contemplated by this AgreementAgreement or legal requirements to be executed, acknowledged and/or delivered by Purchaser at the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kite Realty Group Trust)

Purchaser’s Obligations at Closing. Except as set forth to the contrary in Section 1.5 above, not Not later than one (1) business day prior to ClosingClosing (unless a different time period is specified below), Purchaser shall deliver to Title Escrow Company: (a) On the Closing Date by 11:30 a.m. PST, the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided, in immediately available wire transferred funds pursuant to Section 1.5 hereof, it being agreed that at Closing the Xxxxxxx Money shall be delivered to Seller into escrow and applied towards payment of the Purchase Price; (b) four (4) duly executed counterparts of the instruments described in Sections 4.2(b), 4.2(c) and 4.2(d) hereof and one (1) duly executed counterpart of each of the instruments instrument described in Section 4.2(f) hereof; (c) such evidence as Seller’s counsel and/or the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Purchaser; and (d) such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)

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Purchaser’s Obligations at Closing. Except as set forth to the contrary in Section 1.5 above, not later than one (1) business day On or prior to Closing10:00 a.m. (local time at the Property) on the Closing Date, Purchaser shall deliver to Title CompanyEscrow Holder: (a) the full amount of the Purchase Price, as increased or decreased by prorations and adjustments as herein provided, in immediately available wire transferred funds pursuant to Section 1.5 hereof, it being agreed that at Closing the Xxxxxxx Money shall be delivered to Seller and applied towards payment of the Purchase Price; (b) four (4) duly executed counterparts of the instruments described in Sections 4.2(b), 4.2(c), 4.2(d) and 4.2(d) hereof and one (1) duly executed counterpart of each of the instruments described in Section 4.2(f) hereof; (c) such evidence as Seller’s counsel and/or the Title Company and/or Escrow Holder may reasonably require as to the authority of the person or persons executing documents on behalf of Purchaser; and (d) such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rexford Industrial Realty, Inc.)

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