Scheduled Closing Sample Clauses
The Scheduled Closing clause defines the specific date and time when the formal transfer of ownership or completion of a transaction is set to occur. In practice, this clause outlines the agreed-upon closing date, which may be subject to adjustment if certain conditions precedent are not met, such as obtaining regulatory approvals or completing due diligence. Its core function is to provide certainty and structure to the transaction timeline, ensuring all parties are aligned on when obligations must be fulfilled and the deal will be finalized.
Scheduled Closing. Time is of the essence for a timely closing date. Therefore, if due to Purchaser’s actions, Purchaser does not close on the scheduled closing date, a delay in closing charge of two percent (2%) of the sales price may be charged to the Purchaser(s) per month, pro-rated on a daily basis for each day that the closing is delayed. This clause cannot be waived without the written consent of Weichert.
Scheduled Closing. The consummation of the sale and purchase of the Purchased Units (the “Closing”) shall take place by remote location coordinated from the offices of ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇, LLP, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ on the date of this Agreement (the “Closing Date”). The parties agree that the purchase and sale of the Purchased Units shall be deemed to be effective at 12:01 a.m. on June 1, 2004 (the “Effective Date”).
Scheduled Closing. The parties shall use commercially reasonable efforts to cause the Closing to be held on the later of (a) October 15, 1996 and (b) the third business day (or earlier to the extent practicable) after the date on which the waiting period prescribed by the HSR Act shall have expired or been terminated.
Scheduled Closing. The parties acknowledge that this Agreement is being entered into in connection with the MANAGER's intention to acquire certain assets of LAB on the terms and subject to the conditions provided for in a letter of intent between the parties dated as of the date hereof (the "Letter of Intent"). The Letter of Intent provides for the good faith negotiation of an asset purchase Agreement (the "Asset Purchase Agreement") within 10 days after the date hereof, and sets forth the conditions precedent to the parties' respective obligations to close the transaction contemplated in the Letter of Intent. The parties acknowledge further that one of the conditions precedent to closing is the receipt and validation of the MANAGER's Medicare Provider Number, which MANAGER hereby agrees to take all reasonable actions, and to use its best efforts, to obtain as quickly as possible following the execution and delivery of this Agreement. If for any reason the closing of the transaction contemplated in the Letter of Intent (the "Closing") shall not have occurred within ninety (90) days after the date hereof, LAB may immediately give MANAGER ten (10) days notice of the termination of this Agreement and that the MANAGER is to withdraw from all functions being carried out under this Agreement and the parties will make reasonable efforts to facilitate an appropriate transition in such event. If MANAGER is not able to obtain a Medicare Provider Number within ninety (90) days, but LAB has reasonable assurances, determined in its sole discretion, from the government agency issuing such licenses that a provider number will be issued within a reasonable time, then LAB may extend the Closing date under the Asset Purchase Agreement, provided, that, from and after such 90th day, MANAGER provides its own working capital to support the operation of the laboratory and shall no longer use the accounts receivable of LAB generated prior to the execution of this Agreement to fund the laboratory's operations. If the Asset Purchase Agreement is terminated in accordance with its terms by MANAGER, MANAGER shall give LAB ten (10) days advance written notice of such termination and MANAGER's withdrawal from all functions being carried out under this Agreement, and the parties will make reasonable efforts to facilitate an appropriate transition in such event.
Scheduled Closing. 13 4.6 Cooperation. . . . . . . . . . . . . . . . . . . . . . . 13 ARTICLE 5 Termination . . . . . . . . . . . . . . . . . . . . . . 13 5.1
Scheduled Closing. Columbus Day – Monday, October 9th Halloween – Tuesday, October 31st
Scheduled Closing. Provided that all conditions precedent to the consummation of the sale and purchase of the LLC Interests set forth in Sections 7 have been satisfied or waived, the consummation of the sale and purchase of the LLC Interests shall take place via the electronic exchange of documents on May 15, 2023, or such other date or location as is mutually agreed upon by the parties hereto ("Closing" or "Closing Date").