CLOSING WITH BUYER Sample Clauses

The "Closing with Buyer" clause defines the procedures and requirements for finalizing the sale transaction directly with the buyer. It typically outlines the steps both parties must take to complete the transfer of ownership, such as delivering necessary documents, making payments, and fulfilling any outstanding obligations. This clause ensures that the closing process is clearly structured, reducing the risk of misunderstandings and facilitating a smooth and legally compliant transfer of property or assets.
CLOSING WITH BUYER. OWNER agrees to close escrow directly with, and transfer title to BUYER in accordance with the terms of the OPTION agreement. OWNER agrees to make all necessary efforts and take all reasonable efforts to cooperate with ▇▇▇▇▇ and/or his lender, mortgage broker, appraiser or other parties involved with BUYER’S loan process, including, but not limited to any documents required to be executed by OWNER for the loan process. INVESTOR shall be paid the sum of $_____________ in cash (hereinafter “CONSIDERATION”) from the SELLER’s proceeds as consideration for the termination of LEASE/PURCHASE AGREEMENT and assignment of LEASE and OPTION agreements to OWNER. In the event that BUYER does not complete his loan or otherwise does not complete the exercise of the OPTION agreement on or before ______________, 20_____, this BUYOUT AGREEMENT, the cancellation of the LEASE/PURCHASE AGREEMENT and the assignments of the LEASE and OPTION agreements shall become null and void, and all parties will be in the same position as they started before the commencement of this BUYOUT AGREEMENT.
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CLOSING WITH BUYER. Buyer shall have completed the purchase and acquisition of all of the issued and outstanding shares of Common Stock of the Company (the 5 "Company Common Stock") from EFJ Partners pursuant to the terms of the Stock Purchase Agreement.
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CLOSING WITH BUYER. Owner agrees to close escrow directly with ▇▇▇▇▇ in accordance with the terms of the option agreement, delivering the property to Buyer by [insert date]. Given text will be rewritten with a high chance of writing it like a non-native English speaker due to 30% IB probability - which is not a good match for this text. Therefore method NNES would be the best option in order to avoid unnecessary changes. CONSIDERATION INVESTOR shall receive payment of $ from SELLER's funds as compensation for ending LEASE/PURCHASE AGREEMENT and assigning LEASE and OPTION agreements to OWNER. If BUYER does not finalize his loan or exercise OPTION agreement by , 20 , this BUYOUT AGREEMENT will be cancelled, along with the cancellation of LEASE/PURCHASE AGREEMENT and assignment of LEASE and OPTION agreements, placing all parties in their original position prior to the commencement of this BUYOUT AGREEMENT. DEFAULT BY OWNER If OWNER fails to comply with the terms of this agreement, including cooperation with ▇▇▇▇▇, his lender, mortgage broker, appraiser or other parties involved in BUYER's loan process, or if OWNER does not deliver marketable title as required by OPTION agreement, OWNER will be in default of this agreement. At this time, INVESTOR may cancel this BUYOUT AGREEMENT, putting all parties back to their original position prior to the commencement of this BUYOUT AGREEMENT, thereby nullifying the cancellation of LEASE/PURCHASE AGREEMENT and assignment of LEASE and OPTION agreements. INVESTOR may also pursue damages against OWNER, including lost profits, court costs, attorney's fees, and consequential damages. At minimum, OWNER acknowledges that INVESTOR's loss in case of OWNER's default will be the CONSIDERATION as stated above. SECURITY AGREEMENT As security for OWNER's performance under this BUYOUT agreement, OWNER agrees to sign a Performance Mortgage, Deed of Trust or other customary security instrument, which will be recorded as a lien against Property in an amount equal to the CONSIDERATION as stated above. OWNER BUYER INVESTOR EXHIBITS: Residential Lease/Purchase Agreement, Lease, Tenant's Purchase Option Option
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Related to CLOSING WITH BUYER

  • Closing and Closing Deliveries 27 8.1 Closing...............................................................................27 8.2

  • CLOSING AND CLOSING DATE 3.1 Subject to the terms and conditions set forth herein, the Closing Date shall be April 27, 2007, or such other date as the parties may agree. All acts taking place at the closing of the transactions provided for in this Agreement (Closing) shall be deemed to take place simultaneously as of the close of business on the Closing Date unless otherwise agreed to by the parties. The close of business on the Closing Date shall be as of 4:00 p.m., Eastern Time or such later time on that date as the Acquired Funds net asset value and/or the net asset value per share of each class of shares of the Acquiring Fund is calculated in accordance with paragraph 2.2 and after the declaration of any dividends. The Closing shall be held at the offices of ▇▇▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ LLP or at such other time and/or place as the parties may agree. 3.2 The Acquired Entity shall direct State Street Bank and Trust Company (the Custodian) to transfer ownership of the Assets from the accounts of the Acquired Fund that the Custodian maintains as custodian for the Acquired Fund to the accounts of the Acquiring Fund that the Custodian maintains as custodian for the Acquiring Fund and to deliver to the Acquiring Entity, at the Closing, a certificate of an authorized officer stating that (i) the Assets of the Acquired Fund have been so transferred as of the Closing Date, and (ii) all necessary taxes in connection with the delivery of the Assets of the Acquired Fund, including all applicable federal and state stock transfer stamps, if any, have been paid or provision for payment has been made. 3.3 The Acquired Entity shall direct PFPC Inc., in its capacity as transfer agent for the Acquired Fund (Transfer Agent), to deliver to the Acquiring Entity at the Closing a certificate of an authorized officer stating that its records contain the name and address of each Acquired Fund Shareholder and the number and percentage ownership of each outstanding class of Acquired Fund Shares owned by each such shareholder immediately prior to the Closing. The Acquiring Fund shall deliver to the Secretary of the Acquired Fund a confirmation evidencing that (a) the appropriate number of Acquiring Fund Shares have been credited to the Acquired Funds account on the books of the Acquiring Fund pursuant to paragraph 1.1 prior to the actions contemplated by paragraph 1.5 and (b) the appropriate number of Acquiring Fund Shares have been credited to the accounts of the Acquired Fund Shareholders on the books of the Acquiring Fund pursuant to paragraph 1.5. At the Closing, each party shall deliver to the other party such bills of sale, checks, assignments, share certificates, if any, receipts or other documents as the other party or its counsel may reasonably request. 3.4 In the event that on the Valuation Date (a) the New York Stock Exchange or another primary trading market for portfolio securities of the Acquiring Fund or the Acquired Fund (each, an Exchange) shall be closed to trading or trading thereupon shall be restricted, or (b) trading or the reporting of trading on such Exchange or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquired Fund or the Acquiring Fund is impracticable (in the judgment of the Acquiring Entity Board with respect to the Acquiring Fund and the Acquired Entity Board with respect to the Acquired Fund), the Closing Date shall be postponed until the first Friday (that is also a business day) after the day when trading shall have been fully resumed and reporting shall have been restored.

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Purchaser Closing Deliveries No later than 1 Business Day prior to the Closing Date (except for the balance of the Purchase Price which is to be delivered at the time specified in Section 2.2.4), Purchaser shall deliver to the Escrow Agent (for disbursement to Seller upon the Closing) the following items with respect to the Property being conveyed at such Closing: 5.3.1 The full Purchase Price (with credit for the Deposit), plus or minus the adjustments or prorations required by this Contract. 5.3.2 A title affidavit (or at Purchaser's option an indemnity) pertaining to Purchaser's activity on the Property prior to Closing, in the customary form reasonably acceptable to Purchaser, to enable Title Insurer to delete the standard exceptions to the title insurance policy set forth in this Contract (other than matters constituting any Permitted Exceptions and matters which are to be completed or performed post-Closing) to be issued pursuant to the Title Commitment; provided that such affidavit does not subject Purchaser to any greater liability, or impose any additional obligations, other than as set forth in this Contract. 5.3.3 Any declaration or other statement which may be required to be submitted to the local assessor with respect to the terms of the sale of the Property. 5.3.4 A closing statement executed by Purchaser. 5.3.5 A countersigned counterpart of the General Assignment. 5.3.6 A countersigned counterpart of the Leases Assignment. 5.3.7 Notification letters to all Tenants prepared and executed by Purchaser in the form attached hereto as Exhibit G. 5.3.8 The Vendor Terminations (Purchaser shall be solely responsible for identifying each of the Terminated Contracts (subject to the terms and conditions of Section 3.6) and addressing and preparing each of the Vendor Terminations for execution by Purchaser and Seller). 5.3.9 Any cancellation fees or penalties due to any vendor under any Terminated Contract as a result of the termination thereof. 5.3.10 Resolutions, certificates of good standing, and such other organizational documents as Title Insurer shall reasonably require evidencing Purchaser's authority to consummate this transaction.

  • Closing Closing Deliveries (a) The closing of the Transaction (the “Closing”) shall take place at the offices of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇, P.C., ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, at 10:00 a.m. local time on the date hereof, or at such other place, date and time as Sellers and Purchaser may agree. All deliveries to be made or other actions to be taken at the Closing shall be deemed to occur simultaneously, and no such delivery or action shall be deemed complete until all such deliveries and actions have been completed. The date and time at which the Closing actually occurs is referred to herein as the “Closing Date”. (b) At the Closing, each Seller will deliver, or cause to be delivered, to Purchaser the following: (i) the aggregate number of Shares owned by such Seller on the Closing Date and set forth opposite such Seller’s name on Schedule A, evidenced by a stock certificate or stock certificates, duly endorsed for transfer by delivery or accompanied by stock powers duly executed in blank (in each case, if requested by Purchaser, with signatures thereon duly guaranteed or notarized) and any other documents that are necessary to transfer to Purchaser good and marketable title to all such Shares free and clear of all Liens; and (ii) all other instruments, agreements, certificates and documents required to be delivered by such Seller at or prior to the Closing Date pursuant to this Agreement. (c) At the Closing, Purchaser will deliver, or cause to be delivered, the following to each Seller: (i) the amount set forth opposite each Seller’s name on Schedule A by wire transfer of immediately available funds to an account designated in writing by each such Seller; and (ii) all other instruments, agreements, certificates and documents required to be delivered by Purchaser at or prior to the Closing Date pursuant to this Agreement.