Examples of Initial Scheduled Closing Date in a sentence
As used herein, the term “Closing Date” shall mean the Initial Scheduled Closing Date and the Purchaser Adjourned Closing Date, as applicable.
Buyer shall have the option, in its sole and absolute discretion, to require that the Close of Escrow occur earlier than the Initial Scheduled Closing Date or the Rescheduled Closing Date (defined in Section 6.2 below) by giving written notice thereof to Seller and Escrow Holder.
Notwithstanding the foregoing, Buyer may elect to close Escrow at any time before the Initial Scheduled Closing Date by providing Seller at least five (5) days’ prior written notice of the date on which Buyer elects to close Escrow.
On or before the twentieth day preceding the Initial Scheduled Closing Date, Seller shall provide Purchaser with a good faith assessment of whether Seller will be unable to satisfy any of the conditions to Closing set forth in Section 6.1 and the circumstances surrounding such potential inability; provided, however, that Seller's estimate shall not in any way impair Seller's right to extend or adjourn the Closing beyond the Initial Scheduled Closing Date.
Notwithstanding Section 6.1 above, Buyer shall have the option (“Extension Option”) to extend the Initial Scheduled Closing Date for an additional thirty (30) days (“Rescheduled Closing Date”), in Buyer's sole and absolute discretion, by providing written notice to Seller of such election prior to the Initial Scheduled Closing Date.
Notwithstanding the foregoing provisions of this Section 12, Purchaser shall have the right to adjourn the Initial Scheduled Closing Date for any reason one (1) time (for not more than thirty (30) days) to a date specified by Purchaser (the “Purchaser Adjourned Closing Date”) by delivering notice to Seller and closing agent two (2) business days before the Initial Scheduled Closing Date.
This general obligation is supplemented by the obligation in Article 5 (2) to avoid duplication in the field of information.
If Purchaser has delivered the Extension Notice under Section 4.2, but nevertheless fails to deliver the Extension Deposit to Escrow Agent pursuant to Section 4.2, then Purchaser shall be deemed to have forever waived its right to extend the Initial Scheduled Closing Date pursuant to this Section 4.2 (and such Extension Notice shall be of no force or effect).
Notwithstanding Section 6.1 above, Buyer shall have the option (“Extension Option”) to extend the Initial Scheduled Closing Date for an additional thirty (30) days (“Rescheduled Closing Date”), in Buyer’s sole and absolute discretion, by providing written notice to Seller of such election prior to the Initial Scheduled Closing Date.
Subject to the remainder of this Section, the Closing shall take place at the office of Carlsmith Ball, Pacific Tower, Suite 2200, 1001 Xxxxxx Xxxxxx, Honolulu, Hawaii 96813, at and as of 11:00 AM, H.S.T. on Friday, July 30, 1999, or at such other time, date or place as may be mutually agreed upon by Seller and Purchaser (the "Initial Scheduled Closing Date").