Possession Date definition

Possession Date means the date of execution of this Agreement;
Possession Date means, with respect to the Facility, the earlier of the date upon which (a) FHA Lender, or its nominee, has taken actual physical possession and control of the Facility, whether by foreclosure, deed in lieu of foreclosure, appointment of a receiver or other legal process, or (b) FHA Lender, or its nominee, has begun the operation and management of the Facility.
Possession Date shall have the meaning ascribed to such term in Clause 6.2.2 of this Agreement;

Examples of Possession Date in a sentence

  • The Tenant shall take possession of the Demised Premises on the Possession Date mentioned in item 12 of Schedule 1 or such date as the Landlord may specify in a written notice to the Tenant, If, for any reason whatsoever, the Tenant is unable or fails to take possession of the Demised Premises by the Possession Date, the Landlord shall have the option to rescind this Lease.


More Definitions of Possession Date

Possession Date bears the meaning ascribed thereto in Section 2.3;
Possession Date shall have the meaning ascribed to such term in Clause 5.1 of this Deed; “Project” shall have the meaning ascribed to such term in Recital XV of this Deed;
Possession Date means the date upon which the Seller gives and the Purchaser physically takes possession and occupation of the Property which will be as near as possible to the Estimated Possession Date but not prior to the date of issue of the Certificate of Practical Completion;
Possession Date shall have, with respect to any Home, the meaning provided in the related Home Purchase Contract.
Possession Date means the actual date on which the Allottee takes possession of the Apartment, or, the 15th (fifteenth) day from the date of notice by the Promoter, as specified in Clause 7.2 above, whichever is earlier;
Possession Date means 12:01 a.m., on the day following the Closing Date.
Possession Date shall have the meaning as set forth in Clause 7.1 herein;