Examples of Phase 3 Closing in a sentence
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).
In addition, QHC agrees that it shall restate its representations and warranties to AHC that the applicable statements set forth in this Article IV are true and correct as of the Phase 3 Closing Date, except as set forth in the applicable Disclosure Schedule, as may be supplemented or amended prior to the Phase 3 Closing Date pursuant to Section 8.2(a)(v).
Except as set forth in Section 9.8 and Section 11.12, the Parties acknowledge and agree that, after the Phase 3 Closing, the foregoing indemnification provisions in this Article X and the indemnification and remedy provisions of Article X shall be the sole and exclusive remedy of the Parties with respect to the transactions contemplated by this Agreement, absent Fraud.
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 the event the Phase 3 Closing occurs, the Deposit shall be credited against all amounts due from the Redeveloper at the Phase 3 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.
In the event of termination of this Agreement prior to the Phase 3 Closing, the Town shall return the Deposit to the Redeveloper no later than five (5) business days following such termination.
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.
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, Period, in which event the Redeveloper shall have no obligation to proceed to the Phase 3 Closing and the Deposit shall be returned to the Redeveloper.