Common use of Closing of Escrow Clause in Contracts

Closing of Escrow. Escrow shall close ten (10) business days following the Approval Date, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other Acquirer's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to Acquirer's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements ("Assignment of Leasehold" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close are held by Escrow Agent for disbursement to Owner. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.

Closing of Escrow. Escrow shall close not later than December 10, 1997, but no more than ten (10) business days following the expiration of the Approval Date, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2, 1997Period, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other AcquirerContributor's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied and the Conditions Precedent Partnership's conditions to Owner's Obligation to Close Escrow (Closing set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerContributor's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerPartnership's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfiedsatisfied (or have been waived in writing), the Assignment Amended and Restated Agreement of Leasehold and Grant to the Improvements Limited Partnership ("Assignment of LeaseholdRestated Partnership Agreement" herein) hereinafter referred to is recorded executed and an Amended Certificate of Limited Partnership is filed for record in the office of the County Recorder Secretary of Los Angeles County State of the State of California and the net proceeds (in cash and OP Units) Capital Contribution required to close are be made pursuant to this Agreement is held by Escrow Agent for disbursement to OwnerPartnership. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.

Closing of Escrow. Escrow shall close not later than ten (10) business days following the expiration of the Approval DatePeriod and upon at least three (3) business days prior written notice from Purchaser to Seller, but subject to Owner's right to extend provided in all such events the Estoppels (as hereinafter provided, in all events not later than December 2, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels defined) satisfying the requirements of paragraph 8(b) hereof have been received and approved and all other AcquirerPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, satisfied or waived by giving written notice thereof to Acquirer on or before November 28, 1997Purchaser. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerSeller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements Deed ("Assignment of LeaseholdGrant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close of sale are held by Escrow Agent for disbursement to OwnerSeller. If the Closing as provided herein does not occuroccur on or before March 31, 1997, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this AgreementAgreement to the contrary.

Closing of Escrow. Escrow shall close ten not later than sixty (1060) business days following the expiration of the Approval DatePeriod and upon five (5) days prior written notice from Purchaser, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2January 31, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other AcquirerPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerSeller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements Deed ("Assignment of LeaseholdGrant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close of sale are held by Escrow Agent for disbursement to OwnerSeller. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.

Closing of Escrow. Escrow shall close ten on or after June 2, 1997 and upon three (103) business days following the Approval Dateprior notice from Purchaser, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2July 1, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements all of paragraph 8(b) hereof have been received and all other AcquirerPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerSeller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements Deed ("Assignment of LeaseholdGrant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close of sale are held by Escrow Agent for disbursement to OwnerSeller. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement.

Closing of Escrow. Escrow shall close ten on or before May 23, 1997 (10) business days following the Approval "Closing Date, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2, 1997"), provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other AcquirerPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerSeller's Obligation Obligations to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements Deed ("Assignment of LeaseholdGrant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles Kern County and the net proceeds (in cash and OP Units) required to close of sale are held by Escrow Agent ▇▇▇nt for disbursement to OwnerSeller. If the Closing as provided herein does not occuroccur by the Closing Date, this Agreement and the Escrow shall be cancelled canceled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement. 4.

Closing of Escrow. Escrow shall close ten not later than three (103) business days following the expiration of the Approval DatePeriod and upon one-days prior notice from Purchaser, but subject to Owner's right to extend as hereinafter provided, in all events not later than December 2January 15, 1997, provided the Ground Lessor Consent and Estoppels and the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other AcquirerPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof and the Conditions Precedent to Owner's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied. Notwithstanding the foregoing, any Owner (with the written consent of each other Owner) shall have the right to extend the Closing, subject to obtaining an extension of the Remaining Pay-Off Amount for the same extension period, for a period not to extend beyond January 7, 1998, by giving written notice thereof to Acquirer on or before November 28, 1997. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to AcquirerPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to OwnerSeller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Assignment of Leasehold and Grant to the Improvements Deed ("Assignment of LeaseholdGrant Deed" herein) hereinafter referred to is recorded in the office of the County Recorder of Los Angeles County and the net proceeds (in cash and OP Units) required to close of sale are held by Escrow Agent for disbursement to OwnerSeller. If the Closing as provided herein does not occur, this Agreement and the Escrow shall be cancelled and terminated and thereafter neither party shall have any further obligation or liability to the other party, except as expressly set forth in this Agreement. 4.