Examples of Phase 2 Closing in a sentence
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).
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, 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).
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).
On the date hereof and immediately prior to the Phase 2 Closing, the Legacy Owners are the sole shareholders of QHC and the capital stock is free and clear of all pre-emptive rights and other rights to acquire or purchase, except to the extent set forth in the articles of incorporation, bylaws and shareholders agreements of or related to QHC, as applicable.
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.
Prior to the Xxxxx 0 Xxxxxxx, Xxxx shall deconstruct, demolish, and remove in accordance with applicable laws all buildings, structures, and improvements on Phase 1 of the Property, in accordance with the PSA; provided that City shall deconstruct, demolish, and remove in accordance with applicable laws the Hammerhead Buildings (as defined in the PSA) prior to the Phase 2 Closing, per PSA.
Except as set forth in Section 2.6.E below, the Town shall take title to the Town Parcels subject to all Encumbrances, whether or not of record, provided that subsequent to the Effective Date, the Redeveloper shall not permit any Liens against the New Town Parcel and the Redeveloper agrees, at its cost, to cause all such Liens to be released or removed on or prior to the Phase 2 Closing, so as to be able to deliver good, clear and marketable title to the Town Parcels at the Phase 2 Closing.
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.
The Redeveloper shall pay a second installment of Wentworth Monetary Contribution in the amount of Four Hundred Thousand and 00/100 Dollars ($400,000.00) as part of, and as a condition of, the Phase 2 Closing (as that term is defined in Section 6.1.B below).