Common use of Second Extended Closing Date Clause in Contracts

Second Extended Closing Date. If the Closing does not occur by the First Extended Closing Date solely by reason of the pending Injunction Preventing Closing described in paragraph (b) above, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the Second Extended Closing Date. Prior to the Second Extended Closing Date, CSU shall work diligently and expeditiously, using reasonable xx xxxx, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 2 contracts

Samples: Real Property Purchase and Sale Agreement, Real Property Purchase and Sale Agreement

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Second Extended Closing Date. If the Closing does not occur by the First Extended Closing Date solely by reason of the pending Injunction Preventing Closing described in paragraph (b) above, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the Second Extended Closing Date. Prior to the Second Extended Closing Date, CSU shall work diligently and expeditiously, using reasonable xx xxxxe forts, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 2 contracts

Samples: Real Property Purchase and Sale Agreement, Real Property Purchase and Sale Agreement

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Second Extended Closing Date. If the Closing does not occur by the First Extended Closing Date solely by reason of the pending Injunction Preventing Closing described in paragraph (b) above, then, provided that CSU has diligently and in good faith taken reasonable steps to cause the dissolution or vacation of the Injunction Preventing Closing, the Closing is automatically extended to not later than the Second Extended Closing Date. Prior to the Second Extended Closing Date, CSU shall will work diligently and expeditiously, using reasonable xx xxxxefforts, to cause the Injunction Preventing Closing to be dissolved or vacated, including by causing the CSU Board of Trustees to consider approval of a CSU

Appears in 1 contract

Samples: Real Property Purchase and Sale Agreement and Joint Escrow Instructions

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