Common use of Closing and Conditions Clause in Contracts

Closing and Conditions. 26.01. The closing hereunder ("Closing") shall be held and delivery of all items to be made at the Closing under the terms of this Agreement shall be made in person at a location to be fixed by future mutual agreement of the Parties on or about the Lease Expiration Date (the “Closing Date”). 26.02. At or before Closing, Landlord shall provide Tenant the following items: (a) A duly executed and acknowledged Quit Claim Deed for the Leased Premises in the form attached hereto as Exhibit “A” (the "Deed"), together with a Combined Real Property Transfer Gains Tax Affidavit, Real Estate Transfer Tax Return, Credit Line Mortgage Certification (“Form TP-584”), and Real Property Transfer Form (“Form RP-5217”); (b) A certificate pursuant to Section l445(b)(2) of the Internal Revenue Code, and on which Tenant is entitled to rely, that Landlord is not a "foreign person" within the meaning of Section l445(f)(3) of the Internal Revenue Code in the form attached hereto as Exhibit “B”; and (c) Two (2) duly executed counterparts of the Closing Statement. 26.03. At or before Closing, Tenant shall provide Landlord with the following: (a) A duly executed Form TP-584; (b) Documentation to establish to the Landlord’s reasonable satisfaction the due authority of Tenant’s acquisition of the Leased Premises and Tenant's delivery of the documents required to be delivered by Tenant pursuant to this Agreement; (c) Such other documents as may be agreed upon by Landlord and Tenant to consummate the purchase of the Leased Premises as contemplated by this Agreement; and (d) Two (2) duly executed counterparts of the Closing Statement.

Appears in 1 contract

Sources: Lease to Purchase Agreement

Closing and Conditions. 26.015.01. The closing hereunder ("Closing") shall be held and delivery of all items to be made at the Closing under the terms of this Agreement shall be made in person at a location to be fixed by future mutual agreement of the Parties on or about the Lease Expiration Date , 2018 (the “Closing Date”). 26.025.02. The Lease shall remain in effect until Closing. 5.03. At or before Closing, Landlord Seller shall provide Tenant Purchaser the following items: (a) A duly executed and acknowledged Quit Claim Bargain and Sale Deed for the Leased Premises Property in the form attached hereto as Exhibit “A” (the "Deed"), together with a Combined Real Property Transfer Gains Tax Affidavit, Real Estate Transfer Tax Return, Credit Line Mortgage Certification (“Form TP-584”), and Real Property Transfer Form (“Form RP-5217”); (b) A certificate pursuant to Section l445(b)(2) of the Internal Revenue Code, and on which Tenant Purchaser is entitled to rely, that Landlord Seller is not a "foreign person" within the meaning of Section l445(f)(3) of the Internal Revenue Code in the form attached hereto as Exhibit “B”; and (c) Two (2) duly executed counterparts of the Closing Statement. 26.035.04. At or before Closing, Tenant Purchaser shall provide Landlord Seller with the following: (a) The cash portion of the Purchase Price; (b) A duly executed Form TP-584; (bc) Documentation to establish to the LandlordSeller’s reasonable satisfaction the due authority of TenantPurchaser’s acquisition of the Leased Premises Property and TenantPurchaser's delivery of the documents required to be delivered by Tenant Purchaser pursuant to this Agreement; (cd) Such other documents as may be agreed upon by Landlord Seller and Tenant Purchaser to consummate the purchase of the Leased Premises Property as contemplated by this Agreement; and (de) Two (2) duly executed counterparts of the Closing Statement.

Appears in 1 contract

Sources: Purchase Agreement