Examples of Phase III Closing in a sentence
The entire Deposit of Three Million Seven Hundred Fifty Thousand and No/100 Dollars ($3,750,000.00) shall be non-refundable to Purchaser except upon (i) the occurrence of any event or circumstance described in Sections 8, 10, 11, 29(p) or 29(q) of the Original Agreement that requires the payment of the Deposit to Purchaser, or (ii) Purchaser terminating the Agreement on or before the Phase III Closing pursuant to Section 5 of this Eighth Amendment (each, an "Eighth Amendment Deposit Refundability Event").
The Phase III Net Cost Adjustment Report (i) shall be prepared from the Seller’s books and records in accordance with GAAP, consistently applied, and (iii) shall be delivered to Ethanex no later than one (1) day after the Phase III Closing Date.
A closing certificate in such form as the parties may agree, executed by Ironstate, in which Ironstate certifies to Owner that all representations and warranties made by Ironstate in Section 4.1 of this Agreement are true and correct as of the Phase III Closing Date.
A closing certificate in such form as the parties may agree, executed by Owner, in which Owner certifies to Ironstate that all representations and warranties made by Owner in Section 4.2 of this Agreement are true and correct as of the Phase III Closing Date.
Prior to the Phase III Closing, Seller shall (i) cause the Necessary Permits to be assigned to the Association, and (ii) amend the Master Declaration of record to require the Association to keep the Necessary Permits active until all of Osceola Corporate Center has been developed.
On the Phase III Closing Date, Seller shall cause a physical inventory to be taken of the Inventory by employees or representatives of Seller.
The Phase III Inventory Adjustment Report (i) shall be prepared from the Seller’s books and records in accordance with GAAP, consistently applied, and (ii) shall be delivered to Ethanex no later than five (5) days after the Phase III Closing Date.
The form of the License shall be approved by the parties prior to the expiration of the Phase I and II Inspection Period, but such License shall (A) provide that TBC will not be required to pay any rental or license fee during the term thereof and (B) have a term that commences on the Phase III Closing Date and terminates upon the earlier of (i) TBC vacating the Additional Land or (ii) June 21, 2021, at which time TBC shall relinquish possession of the Additional Land to the purchaser of Phase III.
At the Phase III Closing and in reliance upon the representations, warranties and agreements and subject to the terms and conditions set forth in this Agreement, Seller shall sell, assign, transfer, convey and deliver to Phase III Buyer, free and clear of all Liens, other than Permitted Encumbrances, and Phase III Buyer shall purchase and accept from Seller, all of Seller’s right, title and interest in and to, including all proceeds therefrom, all Phase III Assets.
Seller shall set forth the value of the Inventory as of the Phase III Closing Date in a report (the “Phase III Inventory Adjustment Report” and together with the Phase I Inventory Adjustment Report and the Phase II Inventory Adjustment Report, the “Inventory Adjustment Reports”).