Closing Date Extension definition

Closing Date Extension is defined in Section 7.2. SECTION 1.15. “Closing Date Extension Notice” is defined in Section 7.2. SECTION 1.16. “County” is defined in the Recitals to this Agreement.

Examples of Closing Date Extension in a sentence

• Closing Date Extension or Cancellation When it becomes necessary to extend the closing date or to cancel the tender, all prospective bidders who received procurement documents shall be notified of the cancellation using the method for notification of addenda detailed above.

• Closing Date Extension – This addendum is used when both parties agree to extend the closing date.

• The Extension Fee shall be due and payable upon Buyer’s delivery of the Closing Date Extension Notice, and Escrow Holder shall promptly disburse any and all Extension Fees to Seller.

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• If, pursuant to Section 9.5, the Closing Date is extended either in writing by a Closing Date Extension Amendment signed by Seller and Buyer or unilaterally extended by Seller, the term “Closing Date” shall refer to the extended Closing Date.

• The Extension Fee shall be due and payable upon Buyer’s delivery of the Closing Date Extension Notice.

• Buyer shall send an executed copy of the Closing Date Extension Amendment and a copy of the check for the above- described fees to Seller to the e-mail address or fax number shown in Section 1.2, and shall deliver the signed agreement and the check to the Closing Agent within one (1) business day thereafter.

• Buyer shall pay to Seller, through Escrow, the sum of Twenty-Five Thousand Dollars ($25,000) (an “Extension Fee”) for each Closing Date Extension that Buyer elects to exercise.

• Buyer’s right to extend the Closing Date shall apply if and only if, at the time Buyer provides the Closing Date Extension Notice, the Authorities have not Approved the Zone Change, Specific Plan Amendment, or Buyer’s Final Map.

• Closing Date Extension or Tender Cancellation - when it becomes necessary to extend the closing date or to cancel the tender, all prospective bidders who received tender documents shall be notified of the extension using the method for notification of addenda detailed above.