Common use of Closing Deadline Clause in Contracts

Closing Deadline. Closing will happen only when the Seller reaches the Substantial Completion Milestone, confirmed by the Inspector issuing the Substantial Completion Milestone Certificate. This milestone will be achieved no later than Q3 2026 (“Substantial Completion Milestone Deadline”). If the Seller anticipates completing sooner, Seller will send a notice of early completion of the Substantial Completion Milestone Deadline at least three (3) months in advance, indicating the revised Substantial Completion Milestone. Once the revised Substantial Completion Milestone Date is achieved, the Seller will promptly issue the Closing Notice, as described below and proceed accordingly with the Closing process as detailed below.

Closing Deadline. Closing will happen only when the Seller reaches the Substantial Completion Milestone, confirmed by the Inspector issuing the Substantial Completion Milestone Certificate. This milestone will be achieved no later than Q3 2026 Q1 2027 (“Substantial Completion Milestone Deadline”). If the Seller anticipates completing sooner, Seller will send a notice of early completion of the Substantial Completion Milestone Deadline at least three (3) months in advance, indicating the revised Substantial Completion Milestone. Once the revised Substantial Completion Milestone Date is achieved, the Seller will promptly issue the Closing Notice, as described below and proceed accordingly with the Closing process as detailed below.