Xxxxxx of Conveyance and Closing Sample Clauses

Xxxxxx of Conveyance and Closing. Upon the receipt by the Lessor and the Trustee of notice from the Lessee of its election to purchase the Facilities and terminate the Ground Lease pursuant to Section 3.4(a) or upon the deemed election of the Lessee to purchase the Facilities and terminate the Ground Lease pursuant to Section 3.4(b), the Lessor and the Trustee shall schedule a closing date for the closing of the purchase of the Facilities and termination of the Ground Lease. The notice of the Lessee's election to purchase the Facilities and terminate the Ground Lease shall contain within it a closing date which shall be no less than thirty (30) days hence and not greater than ninety (90) days hence.
AutoNDA by SimpleDocs
Xxxxxx of Conveyance and Closing. Upon the receipt by the Lessor and the Trustee of notice from the Lessee of its election to purchase the Property and terminate the Land Lease pursuant to Section 3.4(a) or upon the deemed election of the Lessee to purchase the Property and terminate the Land Lease pursuant to Section 3.4(b), the Lessor and the Trustee shall schedule a closing date for the closing of the purchase of the Property and termination of the Land Lease. The notice of the Lessee's election to purchase the Property and terminate the Land Lease shall contain within it a closing date which shall be not less than sixty (60) days and not greater than ninety (90) days from the date of the delivery of the notice.

Related to Xxxxxx of Conveyance and Closing

  • Closing Deliveries (a) On or prior to the Closing, the Company shall issue, deliver or cause to be delivered to each Purchaser the following (the “Company Deliverables”):

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • Closings On each Advance Date, which shall be seven (7) Trading Days after an Advance Notice Date, (i) the Company shall deliver to the Investor's Counsel, as defined pursuant to the Escrow Agreement, shares of the Company's Common Stock, representing the amount of the Advance by the Investor pursuant to Section 2.1 herein, registered in the name of the Investor which shall be delivered to the Investor, or otherwise in accordance with the Escrow Agreement and (ii) the Investor shall deliver to First Union National Bank (the "ESCROW AGENT") the amount of the Advance specified in the Advance Notice by wire transfer of immediately available funds which shall be delivered to the Company, or otherwise in accordance with the Escrow Agreement. In addition, on or prior to the Advance Date, each of the Company and the Investor shall deliver to the other through the Investor's Counsel all documents, instruments and writings required to be delivered or reasonably requested by either of them pursuant to this Agreement in order to implement and effect the transactions contemplated herein. Payment of funds to the Company and delivery of the Company's Common Stock to the Investor shall occur in accordance with the conditions set forth above and those contained in the Escrow Agreement; PROVIDED, HOWEVER, that to the extent the Company has not paid the fees, expenses, and disbursements of the Investor or its Investor's counsel in accordance with Section 12.4, the amount of such fees, expenses, and disbursements may be deducted by the Investor (and shall be paid to the relevant party) from the amount of the Advance with no reduction in the amount of shares of the Company's Common Stock to be delivered on such Advance Date.

Time is Money Join Law Insider Premium to draft better contracts faster.