Delayed Closing Date definition

Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

Delayed Closing Date has the meaning specified in Section 7.2 hereof.

Delayed Closing Date means a delayed Closing Date notified to Lessee, Existing Lessor, each Participant, Owner Trustee and Mortgagee by Existing Mortgagee pursuant to Section 4.3 of the Participation Agreement, which delayed Closing Date shall be a Business Day not later than the Commitment Termination Date.

Examples of Delayed Closing Date in a sentence

• In setting the Delayed Closing Date (or new Delayed Closing Date), the Vendor shall comply with the requirements of section 3, and delayed closing compensation shall be payable in accordance with section 7.

• If the Purchaser does not provide written notice of termination within such 30-day period then the Purchase Agreement shall continue to be binding on both parties and the Delayed Closing Date shall be the date set under paragraph 3(c), regardless of whether such date is beyond the Outside Closing Date.

• The Vendor shall have a one-time unilateral right, at its sole, absolute, subjective and arbitrary discretion, to extend the Firm Closing Date or Delayed Closing Date (as set out in the Tarion Addendum), as the case may be, for one (1) Business Day to avoid the necessity of tender where a Purchaser is not ready to Close on the Firm Closing Date or Delayed Closing Date, as the case may be.

• The new Critical Dates are calculated by adding to the then next Critical Date the number of days of the Unavoidable Delay Period (the other Critical Dates changing accordingly), provided that the Firm Closing Date or Delayed Closing Date, as the case may be, must be at least 10 days after the day of giving notice unless the parties agree otherwise.

• Either the Vendor or the Purchaser may request in writing an earlier Firm Closing Date or Delayed Closing Date, and the other party’s consent to the earlier date shall not be unreasonably withheld.

More Definitions of Delayed Closing Date

Delayed Closing Date has the meaning set forth in Section 9.03(b).

Delayed Closing Date has the meaning given in paragraph 1.4 of this Schedule;

Delayed Closing Date has the meaning given in Schedule 25;

Delayed Closing Date has the meaning given in Schedule 22 (Delayed Businesses);

Delayed Closing Date has the meaning specified in Section 4.1(a).

Delayed Closing Date has the meaning ascribed thereto in the Addendum.

Delayed Closing Date has the meaning given in Exhibit 7 of the Separation Agreement.