Common use of Closing of Escrow Clause in Contracts

Closing of Escrow. 7.4.1 Escrow Holder shall hold the Closing on the Closing Date if: (i) it has received in a timely manner all the funds and materials required to be delivered into Escrow by Buyer and Seller; and (ii) it has received assurances satisfactory to Escrow Holder that, effective as of the Closing, the Title Company will issue to Buyer the standard or extended Title Policies, as applicable pursuant to Section 7.6, with respect to each Owned and Leased Property.

Closing of Escrow. 7.4.1 Escrow Holder shall hold the Closing on the Closing Date if: (i) it has received in a timely manner all the funds and materials required to be delivered into Escrow by Buyer and Seller; and (ii) it has received assurances satisfactory to Escrow Holder that, effective as of the Closing, the Title Company will issue to Buyer the standard or extended Title Policies, as applicable pursuant to Section 7.6, with respect to each Owned and Leased Property.