Completion of Closing Clause Samples

Completion of Closing. For the avoidance of doubt, the Closing under this Clause 5 shall be deemed completed after the Seller and the Purchaser have duly and de facto completed all the handover matters under Clauses 5.2 and 5.3 hereof above.

Completion of Closing. Closing shall be effected as follows: (a) At such time as the Transactors and Counsel have confirmed (A) the delivery to Escrow Agent of each of the items specified in Sections 10.3(a) and 10.4(a) and (B) tender of delivery of each of the items specified in Sections 10.3(b) and 10.4(b) and provided Escrow Agent has not advised Buyer of any apparent obstacle to issuing the Title Policies as of Closing, the Parties through their respective Transactors or Counsel shall instruct Escrow Agent or the Title Company to record the Deeds and any other Transfer Instruments to be recorded in the appropriate place and delivering the rest of Sellers' Closing Documents to Buyer and Buyer's Closing Documents to Sellers. (b) Escrow Agent shall make the following disbursements from Escrow as soon as the Title Company has irrevocably committed to issue the Title Policies to Buyer and/or Buyer's nominees (as the case may be): (1) Disburse to the Secured Lender the amount which shall satisfy and pay in full all Assumption Fees under all Secured Loans to which such Secured Lender is a party. (2) Pay Closing costs specified in Section 10.4(b)(2). (3) Disburse all excess funds as directed by Buyer. Disbursements to a Party shall be made by wire transfer of current funds to an account at a commercial bank within the United States, as designated to Escrow Agent by such Party or its Counsel; but if no such account has been so designated to Escrow Agent by the Business Day immediately following the Closing Date, Escrow Agent may instead disburse by (A) its own check, for any amount of $10,000 or less or (B) cashier's check, for any amount exceeding $10,000, dispatched on the Closing Date by overnight courier service to the applicable Party at the address for notices to such Party hereunder.

Completion of Closing. All steps taken in connection with the Closing listed under Section 5.2 shall be taken in the order as listed in Section 5.2 above and will be considered to have occurred simultaneously, as part of a single transaction, and no delivery will be considered to have been made until each such step has been completed, and, thus, the Closing will be completed only after all the steps mentioned above have been taken.

Completion of Closing. Registration of all the requisite documents in the Land Title Office and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of closing so that the closing shall not be completed hereunder until everything has been paid, delivered and registered.

Completion of Closing. Registration of all the requisite documents in all appropriate offices of public record and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of the Real Estate Closing so that the Real Estate Closing shall not be completed hereunder until everything has been paid, delivered and registered.

Completion of Closing. Completion of registration of all the registrable Closing Documents in the LTO and all matters of payment and delivery of documents by each party to the other shall be deemed to be concurrent requirements of Closing so that the Closing shall not be completed hereunder until everything has been paid, delivered and fully registered.

Completion of Closing. As a condition subsequent to the effectiveness of this Agreement, all of the deliveries provided for under Sections 2.6 and 2.7 must be completed at the Closing (unless expressly waived by the Party entitled to such delivery). If all of such deliveries are not so completed, this Agreement (except for this Section 2.8, which shall remain valid and effective) and all of the documents delivered or required to be delivered under Sections 2.6 and 2.7 above shall be null and void ab initio and of no force or effect whatsoever.

Completion of Closing. If every obligation under Sections 7.1 and 7.2 is complied with on the Second Stage Completion Date, then the purchase and sale of the Second Stage Engo Shares contemplated by this Agreement will be completed by: a) delivery to the Buyer of all documents tabled under Section 8.4; and b) delivery to the Seller of all documents tabled under section 8.5. 25

Completion of Closing. The Merger will be deemed completed when all of the opinions, certificates, memoranda, documents, updates and other items to be delivered and exchanged at Closing (generically referred to as the “Closing Documents”) have been delivered or exchanged and the executed Articles of Merger have been filed and accepted for filing by the State of Florida’s Department of State, Division of Corporations as called for by Florida Statutes Section 605.1025, provided that, if any of the Closing Documents are not delivered at Closing, the Party entitled to their receipt may, at his, her or its exclusive option, either: A. Waive receipt thereof, in writing, specifying the Closing Documents waived; or B. Suspend the Closing, as required to grant the non performing Party an opportunity to provide the missing Closing Documents, on such terms as the Party entitled to receipt of the missing Closing Documents may deem appropriate under the circumstances, specifying in writing the time by which the missing Closing Documents must be provided, the time the Closing will be reconvened, and the date on which the Closing will be deemed to have become effective.