Common use of 1Place and Date Clause in Contracts

1Place and Date. Manner of Closing. (a) The Closing (the “Closing”) shall occur on a date (the “Closing Date”) designated by Buyer by written notice provided to Seller (the “Closing Notice”), no less than five (5) days prior to thereto, provided that such Closing Date shall be no later thanthe later of: (i) thirty (30) days following the date Buyer obtains, or has been delivered the Assistance Approvals, the Prepayment Approvals and the NY AG/Other Approvals, or(ii) sixty (60) days after the expiration of the Approval Period. The Closing will be held remotely or, if the Parties mutually agree, in person, ata location, date and time also mutually agreed upon by the Parties. If held remotely, the Closing will be effectuated by the Parties and the necessary participants forwarding all executed documents and other items necessary to effect the Closing to the Escrow Agent, without the necessity of the Parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow.