Outside Deferred Closing Date means the date that is 180 days after the date of this Agreement; provided that (i) LBHI and Seller shall have the right, in their sole discretion, to extend the Outside Deferred Closing Date by up to twenty (20) Business Days in order to cure any default by LBHI or Seller, as provided in Section 15.1.3(a), and (ii) subject to the requirements set forth in Section 2.5.2(g), in the event that an Order issued by any Governmental Authority has been entered that prevents or prohibits the consummation of the transfer of one or more Deferred Closing Assets to the applicable Buyer Party prior to the date that is 180 days after the date of this Agreement, any Party shall have the right, in its sole discretion, to extend the Outside Deferred Closing Date with respect to, and only with respect to, such Deferred Closing Assets in accordance with Section 2.5.2(g) until the date that is three (3) Business Days after the date the transfer of such Deferred Closing Assets may first be lawfully consummated. Any extension of the Outside Deferred Closing Date pursuant to clause (ii) hereof shall only be with respect to any Retained Deferred Closing Asset(s) and shall not apply to any other Deferred Closing Assets.
Outside Deferred Closing Date means the date that twenty-four (24) months after the Closing Date.
Outside Deferred Closing Date means the date that twenty-four (24) months after the Closing Date. “Owned Real Property” has the meaning specified in Section 5.7(a).
Examples of Outside Deferred Closing Date in a sentence
In the event that either the Deferred BD Closing does not occur on or before the Outside Deferred Closing Date, then all obligations of Buyer and its Affiliates and Seller Parent and its Affiliates under this Section 4.6 with respect to the BD Subsidiary shall cease immediately upon the Outside Deferred Closing Date, and as of such date, Seller Parent, in its sole discretion, shall have the right to commence the winding down of the BD Subsidiary in a manner that Seller Parent deems reasonable.
More Definitions of Outside Deferred Closing Date
Outside Deferred Closing Date shall have the meaning set forth in Section 3.05(a).
Outside Deferred Closing Date has the meaning specified in Section 4.6(a).
Outside Deferred Closing Date means (i) as respects Parcel 40, December 31, 2005, or such later date established pursuant to the Purchase and Sale Agreement to allow for the closing of the sale of Parcel 40 to the Mission Bay Borrower, (ii) as respects Parcel N4a, December 15, 2004, or such later date established pursuant to the Purchase and Sale Agreement to allow for the closing of the sale of Parcel N4a to the Mission Bay Borrower, and (iii) as respects the Santa Fe Depot Property, June 30, 2005, or such later date established pursuant to the Purchase and Sale Agreement to allow for the closing of the sale of the Santa Fe Depot Property to the Santa Fe Depot Borrower.