Examples of Additional Deposit Date in a sentence
Purchaser and Seller hereby agree that prior to the Third Additional Deposit Date, Seller shall have the right to continue to solicit and accept back-up purchase offers from other third party contract purchasers.
Section 7(a) of the Original Agreement (as amended) is amended to provide that the Phase III Closing Date shall be a date mutually agreeable to Purchaser and Seller that is on or before the date that is sixty (60) days after the Third Additional Deposit Date.
A Beneficial Owner shall exercise the foregoing option by contacting the Trustor on or prior to the third Business Day preceding the Additional Deposit Date.
Each Certificate of a Series shall be dated the Deposit Date thereof or the Additional Deposit Date with respect thereto, as applicable.
Each such Beneficial Owner of Floater Certificates shall have the option to purchase a proportionate Stated Amount of the additional Floater Certificates to be executed and delivered pursuant to Section 10.8(c) such that the percentage of the aggregate Outstanding Stated Amount of Floater Certificates owned by such Beneficial Owner will remain the same following the Additional Deposit Date.
The Title Objection Notice with respect to the Commitment for the Phase III Property and the Survey for the Phase III Property shall be due no later than the date that is thirty (30) days after the later of (i) receipt of the Commitment and the Survey for the Phase III Property, or (ii) the Third Additional Deposit Date.
Upon the Additional Deposit Date, the entire Xxxxxxx Money Deposit and Additional Deposit shall become absolutely non-refundable to Buyer and shall be deemed fully earned by Seller (the “Non-refundable Deposit”).
In addition, Purchaser agrees to deliver or cause to be delivered to Sellers all reports, studies, memorandums, tests, evaluations and assessments (collectively, the "Study") for each of the Properties obtained and/or conducted by or on behalf of Purchaser prior to and including the First Additional Deposit Date, together with all reliance letters from each provider of same which were obtained by Purchaser upon receipt of each Study.
If prior to the Third Additional Deposit Date Seller enters into a letter of intent to purchase the Phase III Property or otherwise accepts a back-up offer to purchase from a third- party purchaser unaffiliated with Seller for a price which is greater than the Phase III Purchase Price, then Seller shall provide Purchaser with written notice of the accepted offer including a copy of the accepted offer (the “Notice of Third Party Offer”), subject to Purchaser’s rights as set forth below in this Section 13.
Seller agrees that it shall promptly commence the process of performing the Arsenic Remediation (as defined in the Third Amendment) after the Third Additional Deposit Date from the Additional Land and shall diligently pursue completion of the removal of the soil containing arsenic in compliance with all applicable Environmental Laws and the Agreement no later than sixty(60) days after the Phase III Closing Date.