Phase 2 Closing definition

Phase 2 Closing shall have the meaning set forth in Section 1.3(f).

Phase 2 Closing. Purchaser shall purchase and close Phase 2 (the “Phase 2 Closing”) on or before twelve (12) months after the Phase 1 Closing Date (the “Phase 2 Closing Deadline”).

Phase 2 Closing has the meaning set forth in Section 2.01(b).

Examples of Phase 2 Closing in a sentence

• QHC hereby represents and warrants to AHC that the statements set forth in this Article IV are true and correct as of the date hereof and shall be true and correct as of the Phase 2 Closing Date, except as set forth in the applicable Disclosure Schedule, as may be supplemented or amended prior to the Phase 2 Closing Date pursuant to Section 8.2(a)(v).

• In addition, AHC agrees that it shall restate its representations and warranties to the Legacy Owners and Quartz Parent Entities that the applicable statements set forth in this Article II are true and correct as of each of the Phase 2 Closing Date and the Phase 3 Closing Date, except as set forth in the applicable Disclosure Schedule, as may be supplemented or amended prior to the Phase 2 Closing Date and Phase 3 Closing Date, as applicable, pursuant to Section 8.1(a)(iii).

• In addition, QHPC agrees that it shall restate its representations and warranties to AHC that the applicable statements set forth in this Article III are true and correct as of each of the Phase 2 Closing Date and the Phase 3 Closing Date, except as set forth in the applicable Disclosure Schedule, as may be supplemented or amended prior to the Phase 2 Closing Date and Phase 3 Closing Date, as applicable, pursuant to Section 8.2(a)(v).

• In addition, each Legacy Owner agrees that it shall restate its representations and warranties to AHC that the applicable statements with respect to such Legacy Owner set forth in this Article V are true and correct as of each of the Phase 2 Closing Date and the Phase 3 Closing Date, except as set forth in the applicable Disclosure Schedule, as may be supplemented or amended prior to the Phase 2 Closing Date and Phase 3 Closing Date, as applicable, pursuant to Section 8.2(a)(v).

• The Redeveloper shall have the right to terminate this Agreement due to unacceptable environmental conditions upon giving the Town written notice thereof on or before the expiration of the Phase 2 Environmental Due Diligence Period, in which event the Redeveloper shall have no obligation to proceed to the Phase 2 Closing and the Deposit shall be returned to the Redeveloper.

• Provided that the Redeveloper shall have paid the first and second installments of the Wentworth Monetary Contribution, the Town shall make reasonable efforts to remove Wentworth Hall from the Wentworth Parcel in a manner that meets the Redeveloper’s schedule for the Phase 2 Closing and the commencement of construction on the Wentworth Parcel.

• Commencing with the Phase 1 Closing and ending with the Phase 2 Closing, the Redeveloper and the Town shall agree upon reasonable accommodations for the use of some or all of the Parking Lot Parcel for public parking, at no cost to the Town, consistent with the Redeveloper’s construction schedule and activities for completion of the Redeveloper Improvements on the School Street Site.

• The Redeveloper shall have until the Phase 1 Finance Contingency Period within which to secure financing for the Phase 1 Closing, shall have until the Phase 2 Finance Contingency Period within which to secure financing for the Phase 2 Closing, and shall have until the Phase 3 Finance Contingency Period within which to secure financing for the Phase 3 Closing.

• This Agreement shall terminate if the Phase 1 Closing does not take place by the First Outside Date, the Phase 2 Closing does not take place by the Second Outside Date, or the Phase 3 Closing does not take place by the Third Outside Date.

• In the event that the Redeveloper is, for any reason, not able to proceed to the Phase 2 Closing by the Second Outside Date, the Redeveloper shall, no later than seven (7) days after the Second Outside Date, transfer the New Town Parcel to the Town at no cost to the Town.

More Definitions of Phase 2 Closing

Phase 2 Closing as defined in Section 6.1 of this Agreement.

Phase 2 Closing as defined in Section 6.1 of this Agreement. Phase 3 Closing: as defined in Section 6.1 of this Agreement. Phase 1 Environmental Due Diligence Period: Phase 2 Environmental Due Diligence Period: Phase 3 Environmental Due Diligence Period: Phase 1 Financing Contingency: Phase 2 Financing Contingency: Phase 3 Financing Contingency: Phase 1 Title Due Diligence Period: 90 days beginning on the Effective Date. the earlier of (a) 90 days after the date on which a Certificate of Occupancy is issued for Building A, and (b) one (1) year after the Phase 1 Closing. the earlier of (a) 90 days after the date on which a Certificate of Occupancy is issued for Building B, and (b) one (1) year after the Phase 2 Closing. the period beginning on the Effective Date and ending 90 days later. the earlier of (a) 90 days after the date on which a Certificate of Occupancy is issued for Building A, and (b) one (1) year after the Phase 1 Closing. the earlier of (a) 90 days after the date on which a Certificate of Occupancy is issued for Building B, and (b) one (1) year after the Phase 2 Closing. as defined in Section 2.6.B.1 of this Agreement. TERM DEFINITION Phase 2 Title Due Diligence Period: Phase 3 Title Due Diligence Period: as defined in Section 2.6.B.2 of this Agreement. as defined in Section 2.6.B.3 of this Agreement.

Phase 2 Closing means the closing of the purchase of the P2 Units by the Purchasers on the Phase 2 Closing Date;

Phase 2 Closing means the closing of the acquisition of the Phase 2 Assets pursuant to the Master Purchase Agreement.