Common use of Closing of the Purchase Clause in Contracts

Closing of the Purchase. The closing of the Transaction (the "Closing") shall take place at the offices of Nation's Bank, Charleston, South Carolina, or at such other place in Charleston, South Carolina as selected by the Lender, in its sole and absolute discretion, on the date and at the time set forth in the Closing Notification, which shall be a Monday, given by RIGI in accordance with this section (the "Closing Date"). The Closing Date shall be no later than April 28, 1997, PROVIDED, HOWEVER, the Closing Date shall be automatically extended to provide for RIGI and Parent's review pursuant to Sections 7.1(b), 7.1(c) and 7.