Examples of Escrow Deposit Date in a sentence
On or before three (3) business days after the Escrow Deposit Date (and in determining such three (3)-day period, the Escrow Deposit Date shall not be counted), Seller shall deliver to Purchaser a copy of a preliminary title report (the "Title Report") dated April 22, 2004, issued by Chicago Title Insurance Company (the "Title Company"), and relating to the Real Property, and a copy of the instruments listed in the Title Report as exceptions to the title of the Real Property (the "Underlying Documents").
No later than 5:00 p.m. (Irvine, California time) on the Escrow Deposit Date, Seller shall deliver to Purchaser (i) all Phase I environmental reports, if any, in the possession of Seller, and (ii) a list of all contracts affecting the Property which contracts are not terminable on thirty (30)-days' notice without breach, if any (the "Initial Documents").
Seller shall deliver to Purchaser on or before three (3) business days after the Escrow Deposit Date (and in determining such three (3)-day period, the Escrow Deposit Date shall not be counted) a copy of the most recent survey of the Real Property dated (the "Survey"), certified to Purchaser and the Escrow Agent in accordance with the form of certification attached hereto as Exhibit E and made a part hereof, qualifying as an ALTA certified completion survey acceptable to the Title Company (defined below).
This Agreement has been, and each of the Transaction Documents shall be, on or prior to the Escrow Deposit Date, duly executed and delivered by the Seller and constitutes, and each Transaction Document when so executed and delivered shall constitute, legal, valid and binding obligations of the Seller, enforceable against the Seller in accordance with its terms.
The date the Escrow Release Condition is satisfied shall be the date that the Closing occurs out of escrow, however, the Closing Date, for the purposes of this Agreement (as well as the transfer of the ADIT Shares) once Closing occurs out of escrow after the Parties deliver an Escrow Release Certificate (as defined in the Escrow Agreement) shall be the Escrow Deposit Date.
The Company shall have performed and complied in all material respects with all obligations, covenants and conditions to be performed and complied with by the Company under this Agreement on or prior to the Escrow Deposit Date.
Seller shall deliver to Purchaser on or before three (3) business days after the Escrow Deposit Date (and in determining such three (3)-day period, the Escrow Deposit Date shall not be counted) a copy of the most recent survey of the Real Property dated (the "Survey"), certified to Purchaser and the Escrow Agent in accordance with the form of certification attached hereto as Exhibit D and made a part hereof, qualifying as an ALTA certified completion survey acceptable to the Title Company (defined below).
For greater certainty and without limitation, from the Escrow Deposit Date until the escrow is terminated pursuant to the terms and conditions of the Escrow Agreement, the Seller and its nominee representatives of the Company shall have no authority to take any actions or to do any acts or things with respect to the Company, it being understood and agreed that pursuant to the Interim Power of Attorney, the Buyer (alone) shall have (limited) rights with respect to the Company.
Notwithstanding the foregoing, the Parties hereto agree that on Closing in escrow on the Escrow Deposit Date, the Closing Documents (exclusive of the Amermin Side Letter, the Interim Power of Attorney and the Escrow Agreement) and the Initial Cash Payment (less the Released Cash) shall be deposited into escrow with the Escrow Agent, to be dealt with as provided in the Escrow Agreement.
This Agreement has been and each of the Transaction Documents shall be, on or prior to the Escrow Deposit Date, duly executed and delivered by the Buyer and this Agreement constitutes, and each Transaction Document when so executed and delivered shall constitute, legal, valid and binding obligations of the Buyer, enforceable against it in accordance with its terms.