Common use of Time of the Essence; Closing Date Clause in Contracts

Time of the Essence; Closing Date. (a) It is agreed that time is of the essence with respect to all dates specified in this Agreement and any addenda, riders or amendments thereto. This means that all deadlines are intended to be strict and absolute. (b) The closing shall take place on or before , 20 , or within five (5) days of final loan approval by the lender, whichever is earlier, unless the closing date is extended in writing signed by the Seller and the Purchaser or extended by the Seller under the terms of this Agreement. The closing shall be held in the offices of the Seller's attorney or agent, or at a place so designated and approved by the Seller, unless otherwise required by applicable law. If the closing does not occur by the date specified in this Section 2 of the Addendum, or in any extension, this Agreement is automatically terminated and the Seller shall retain any xxxxxxx money deposit as liquidated damages. (c) In the event the Seller agrees to the Purchaser's request for a written extension of this Agreement, the Purchaser agrees to pay to the Seller a per diem of $ through and including the closing date specified in the written extension. If the sale does not close by the date specified in the written extension agreement, the Seller may retain the xxxxxxx money deposit and the accrued per diem payment as liquidated damages.

Time of the Essence; Closing Date. (a) It is agreed that time is of the essence with respect to all dates specified in this Agreement and any addenda, riders or amendments thereto. This means that all deadlines are intended to be strict and absolute. (b) The closing shall take place on or before , 20 , or within five (5) days of final loan approval by the lender, whichever is earlier, unless the closing date is extended in writing signed by the Seller and the Purchaser or extended by the Seller under the terms of this Agreement. The closing shall be held in the offices of the Seller's attorney or agent, or at a place so designated and approved by the Seller, unless otherwise required by applicable law. If the closing does not occur by the date specified in this Section 2 of the Addendum, or in any extension, this Agreement is automatically terminated and the Seller shall retain any xxxxxxx money deposit as liquidated damages. (c) In the event the Seller agrees to the Purchaser's request for a written extension of this Agreement, the Purchaser agrees to pay to the Seller a per diem of $ 100 through and including the closing date specified in the written extension. If the sale does not close by the date specified in the written extension agreement, the Seller may retain the xxxxxxx money deposit and the accrued per diem payment as liquidated damages.

Time of the Essence; Closing Date. (a) It is agreed that time is of the essence with respect to all dates specified in this Agreement and any addenda, riders or amendments thereto. This means that all deadlines are intended to be strict and absolute. (b) The closing shall take place on or before , 20 , or within five (5) days of final loan approval by the lender, whichever is earlier, unless the closing date is extended in writing signed by the Seller and the Purchaser or extended by the Seller under the terms of this Agreement. The closing shall be held in the offices of the Seller's attorney or agent, or at a place so designated and approved by the Seller, unless otherwise required by applicable law. If the closing does not occur by the date specified in this Section 2 of the Addendum, or in any extension, this Agreement is automatically terminated and the Seller shall retain any xxxxxxx money deposit as liquidated damages. (c) In the event the Seller agrees to the Purchaser's ’s request for a written extension of this Agreement, the Purchaser agrees to pay to the Seller a per diem of $ 100.00 through and including the closing date specified in the written extension. If the sale does not close by the date specified in the written extension agreement, the Seller may retain the xxxxxxx money deposit and the accrued per diem payment as liquidated damages.

Time of the Essence; Closing Date. (a) It is agreed that time is of the essence with respect to all dates specified in this Agreement and any addenda, riders or amendments thereto. This means that all deadlines are intended to be strict and absolute. (b) The closing shall take place on or before , 20 , or within five (5) days of final loan approval by the lender, whichever is earlier, unless the closing date is extended in writing signed by the Seller and the Purchaser or extended by the Seller under the terms of this Agreement. The closing shall be held in the offices of the Seller's attorney or agent, or at a place so designated and approved by the Seller, unless otherwise required by applicable law. If the closing does not occur by the date specified in this Section 2 of the Addendum, or in any extension, this Agreement is automatically terminated and the Seller shall retain any xxxxxxx money deposit as liquidated damages. (c) In the event the Seller agrees to the Purchaser's ’s request for a written extension of this Agreement, the Purchaser agrees to pay to the Seller a per diem of $ through and including the closing date specified in the written extension. If the sale does not close by the date specified in the written extension agreement, the Seller may retain the xxxxxxx money deposit and the accrued per diem payment as liquidated damages.