Common use of Right to Extend Unilaterally the Closing Date Clause in Contracts

Right to Extend Unilaterally the Closing Date. Buyer or Seller may unilaterally extend the closing date for seven (7) days upon notice to the other party given prior to or on the date of closing if: (1) Seller cannot satisfy valid title objections (except for liens, judgments, and deeds to secure debt that can be satisfied through the payment of money or by bonding off the same); or

Right to Extend Unilaterally the Closing Date. Buyer or Seller may unilaterally extend the closing date for seven (7) days upon notice to the other party given prior to or on the date of closing if: (1) Seller cannot satisfy valid title objections excluding: (except for a) liens, judgments, judgments and deeds to secure debt that which can be satisfied through the payment of money or by bonding off the same); and (b) title objections which do not prevent Seller from conveying good and marketable title, as that term is defined herein, to the Property; or