Settlement and Closing. Settlement shall take place on or before the Settlement Deadline referenced in Section 24(e). A Settlement" shall occur only when all of the following have been completed: (a) Buyer and Seller have signed and delivered to each other or to the escrow/closing office all documents required by this Contract, by the Lender, by written escrow instructions or by applicable law; (b) any monies required to be paid by Buyer under these documents (except for the proceeds of any new loan) have been delivered by Buyer to Seller or to the escrow/closing office in the form of collected or cleared funds; and (c) any monies required to be paid by Seller under these documents have been delivered by Seller to Buyer or to the escrow/closing office in the form of collected or cleared funds. Seller and Buyer shall each pay one-half (1/2) of the fee charged by the escrow/closing office for its services in the settlement/closing process. Taxes and assessments for the current year, rents, and interest on assumed obligations shall be prorated at Settlement as set forth in this Section. Tenant deposits (including, but not limited to, security deposits, cleaning deposits and prepaid rents) shall be paid or credited by Seller to Buyer at Settlement. Prorations set forth in this Section shall be made as of the Settlement Deadline date referenced in Section 24(e), unless otherwise agreed to in writing by the parties. Such writing could include the settlement statement. The transaction will be considered closed when Settlement has been completed, and when all of the following have been completed: (i) the proceeds of any new loan have been delivered by the Lender to Seller or to the escrow/closing office; and (ii) the applicable Closing documents have been recorded in the office of the county recorder. The actions described in parts (i) and (ii) of the preceding sentence shall be completed within four calendar days of Settlement.
Settlement and Closing. Closing shall take place on or before March 31, 2021, or at such other date which Buyer and Seller shall agree in writing. "Settlement" shall occur only when all of the following have been completed: (a) Buyer and Seller have signed and delivered to each other or to a Title Company of their mutual agreement, (the "Closing Office"), all documents required by this Contract, by written escrow instructions or by applicable law; (b) any monies required to be paid by Buyer under these documents have been delivered by Buyer to Seller or to the Closing Office in the form of collected or cleared funds; (c) any monies required to be paid by Seller under these documents have been delivered by Seller to Buyer or to the Closing Office in the form of collected or cleared funds; and (d) all contingencies set forth in paragraph 7, below, have been satisfied. At Settlement Seller shall deliver to Buyer a duly executed and acknowledged Special Warranty Deed for the real property. The transaction will be considered "Closed" when Settlement has been completed, and when the applicable closing documents have been recorded in the office of the Xxxxx County Recorder. The transaction shall be Closed within four calendar days of Settlement.
Settlement and Closing. Settlement shall take place on the Settlement Deadline or on another date upon which the Parties agree in writing.
Settlement and Closing. Closing and settlement of title shall take place at the offices of Buyer's attorney, or the offices of such title insurance agency as designated by Buyer upon written notice to Seller given at least three (3) business days prior thereto, on the fifteenth (15th) business day immediately following the date upon which any and all contingencies set forth in Paragraphs 12-15 of this Contract have been fully satisfied and/or otherwise waived in writing by the Buyer and Seller (hereinafter referred to as the "Closing Date"), at which time any and all payments herein required under the terms of Paragraph 4 above shall be made promptly in accordance with the terms of this Contract. Either party to this Contract shall have the right to make time of the essence for a closing on ten (10) business days prior written notice to the other party given on or after the Closing Date under this Contract in accordance with the notice requirements of Paragraph 35 of this Contract.
Settlement and Closing. Settlement shall take place at the offices of the Escrow Agent on the Settlement Deadline referenced in Section 24(c), or on a date upon which Buyer and Seller agree in writing. “
Settlement and Closing. Settlement shall take place on the Settlement Deadline or on another date upon which the Parties agree in writing. Either Party may extend this date one time only, for a period of time equal to 30 days or less.
Settlement and Closing. Settlement shall take place on the Settlement Deadline referenced in Section 24(c), or on a date upon which Buyer and Seller agree in writing. "Settlement" shall occur only when all of the following have been completed: (a) Buyer and Seller have signed and delivered to each other or to the escrow/closing office all documents required by this Contract, by the lender, by written escrow instructions or by applicable law; (b) any monies required to be paid by Buyer under these documents (except for the proceeds of any new loan) have been delivered by Buyer to Seller or to the escrow/closing office in the form of collected or cleared funds; and (c) any monies required to be paid by Seller under these documents have been delivered by Seller to Buyer or to the escrow/closing office in the form of collected or cleared funds. Seller and Buyer shall each pay one-half (1/2) of the fee charged by the
Settlement and Closing. Settlement shall take place on the Settlement Deadline referenced in Section 25(f), or on a
Settlement and Closing. The obligation to consummate the Agreement of Sale and complete settlement (the “Settlement”) shall, with regard to the sale and purchase of the Premises, be subject to the condition that title to the Premises shall be conveyed to DTE at Settlement by quitclaim deed and shall be good and marketable and insurable as such by a title insurance company or company of DTE’s selection, free and clear of all liens (with the exception of any title exceptions approved by DTE). Settlement under the Agreement of Sale for either the Premises or the Improvements shall be held on or before thirty (30) days after satisfying all conditions contained in the Agreement of Sale (the “Settlement Date”). Transfer taxes, if any, shall be equally split between the City and DTE.
Settlement and Closing. The settlement and escrow closing shall take place at the time, place, and based upon the conditions set forth in the Purchase Agreement.
