CLOSING AND FUNDING Clause Samples

CLOSING AND FUNDING. PROVIDENT and the Dealer shall use its best efforts to close approved financing within twenty-four (24) business hours after receipt from the Dealer of all properly completed and required documentation pursuant to the terms of the Dealer Agreement. PROVIDENT will remit the proceeds to the Dealer by means of a sight draft drawn on PROVIDENT from standard draft stock or by ACH electronic transfer of funds or by other means as established by PROVIDENT from time to time for each purchased RFT.

CLOSING AND FUNDING. A. The closing of the sale will be on or before , 20 , or upon delayed closing pursuant to the Survey and Title Review Paragraph 7.C.2) whichever date is later (Closing Date). If either Party fails to close the sale by the Closing Date, the non- defaulting Party may exercise the remedies contained in the Default Paragraph 20.

CLOSING AND FUNDING. CAF and the Dealer shall use its best efforts to close approved financing within 24 business hours after receipt from the Dealer of all properly completed and required documentation pursuant to the terms of the Closing Agreements. CAF will remit the proceeds of each purchased RFT to the related Dealer in a timely manner.

CLOSING AND FUNDING. (a) The funding and closing of the Exchangeable Notes (the “Closing”) as contemplated by this Agreement shall take place at the office of T▇▇▇▇▇▇▇ S▇▇▇▇▇▇, 34th Floor, Two Exchange Square, 8 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, at 9:00 am (Beijing time) on the third Business Day following the date when all conditions to the Closing under Section 7 hereof have been satisfied or duly waived, or at such other time, on such other date or at such other location as is agreed by the Parties in writing (the “Closing Date”). (b) At the Closing, the Investors shall respectively but simultaneously pay to the Paying Agent, by wire transfer in immediately available funds, or by other payment methods mutually agreed in writing among the Acquisition Vehicle and the Investors prior to the Closing, an amount in the aggregate equal to the Principal Amount in accordance with Schedule A attached hereto. Notwithstanding anything to the contrary herein, the obligations of the Acquisition Vehicle at the Closing under this Section 2 are subject to each of the Investors effecting the Closing. In no event shall the Acquisition Vehicle be obligated or required to issue the Exchangeable Notes at the Closing in accordance with this Section 2 for an aggregate amount less than the Principal Amount. (c) The amounts of the Exchangeable Notes to be respectively subscribed by each Investor will be issued free and clear of, and without deduction or withholding for taxes, levies, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments. (d) At the Closing, the Acquisition Vehicle shall deliver, or cause to be delivered, to the Investors the following: (i) the Exchangeable Notes dated the Closing Date in the respective amounts loaned by each Investor pursuant to the Exchangeable Notes and totaling, in aggregate, the amount of the Principal Amount; (ii) the certificates, documents and instruments to be delivered to substantiate the satisfaction of each of the conditions under Section 7 hereof; and (iii) such other documents as the Investors may reasonably request.

CLOSING AND FUNDING. The closing and funding of the Loan shall occur not later than five business days following receipt by ▇▇▇▇▇▇ from Borrower of a written notice of closing and payment instructions for Loan funding.

CLOSING AND FUNDING. 6 2.1. The Closings...................................................................................6 2.2. Initial Closing Funding........................................................................6

CLOSING AND FUNDING. (a) A funds flow statement detailing the movement of funds in relation to the Acquisition in respect of the Utilisation on the Closing Date (to be provided for information purposes only and not required to be in form and substance satisfactory to the Lender). (b) Evidence that the underwriting and commitment fee referred to in clause 11.1 (Underwriting and commitment fee) has been paid or will be paid by the first Utilisation Date.

CLOSING AND FUNDING. (a) Subject to the satisfaction of all conditions precedent set forth in Section 7.1 and Section 7.2 above and the termination rights provided for throughout this Agreement, the Closing of each Property shall occur on the Closing Date; provided, however, VMRE and Carvana may agree to in writing to extend the Closing Date to a mutually agreed-upon date. (b) When all conditions precedent have been satisfied (or waived in writing), no Event of Default is outstanding (or VMRE has provided a written waiver thereof), no VMRE Event of Default outstanding (or Carvana has provided a written waiver thereof) and the Title Company has confirmed that it has actual physical possession of all Transaction Documents (or has confirmed that VMRE has in its physical possession any of the Transaction Documents not held by Title Company) and related items necessary to Close and fund the purchase and sale of a Property in accordance with this Transaction, then Carvana and VMRE shall instruct the Title Company to Close the purchase and sale of such Property in accordance with this Transaction pursuant to VMRE’s written closing instructions and Carvana’s written closing instructions.

CLOSING AND FUNDING. After the notification to the Dealer and Applicant, ABTAC will have no responsibility under this Agreement to any of the Dealer (except as set forth in Section l(B)), the Applicant or GECAFS. GECAFS will use its best efforts to close all approved Contracts and will, absent unusual circumstances, remit the proceeds of each Contract to the related Dealer within two business days following compliance with all requirements for submission of Contracts under the terms of the [*] CONFIDENTIAL TREATMENT REQUESTED applicable Closing Agreement. Contracts submitted incorrectly with respect to the parameters of the ABTAC program will not be accepted by GECAFS but will be corrected by agreement with the Dealer or returned to the Dealer for correction and resubmission provided, however, that GECAFS may afford the Dealer the benefit of any GECAFS program available to its dealers from time to time the effect of which does not adversely affect the applicant's rate. GECAFS will advise ABTAC of the existence and provisions of such programs. ABTAC will assist GECAFS in encouraging Dealers to resubmit such corrected Contracts to GECAFS for approval and not to other lenders.