Common use of Closing of Escrow Clause in Contracts

Closing of Escrow. Escrow shall close April 1, 1997, provided the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other Arden's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to Arden's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to the CalTwin Parties' Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Grant Deeds ("Grant Deeds" herein) hereinafter referred to is recorded in the office of the County Recorder of Ke▇▇ ▇ounty. 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 April 1, 1997, provided the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other ArdenPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to ArdenPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to the CalTwin PartiesSellers' Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Grant Deeds ("Grant Deeds" herein) hereinafter referred to is recorded in the office of the County Recorder of Ke▇▇ ▇ountyLos Angeles County. 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 April 1, 1997, provided the Tenant Estoppels satisfying the requirements of paragraph 8(b) hereof have been received and all other ArdenPurchaser's Conditions Precedent to Closing as set forth in Paragraph 8 hereof have been satisfied. The term "Closing" as used herein shall be deemed to be the date upon which the respective Conditions Precedent to ArdenPurchaser's Obligation to Close Escrow (set forth in Paragraph 8 below) and the Conditions Precedent to the CalTwin Parties' Seller's Obligation to Close Escrow (set forth in Paragraph 9 below) have been satisfied, the Grant Deeds Deed ("Grant DeedsDeed" herein) hereinafter referred to is recorded in the office of the County Recorder of Ke▇▇ ▇ountyLos Angeles County. 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.