Delay of Closing Date Sample Clauses

POPULAR SAMPLE Copied 1 times
Delay of Closing Date. If Buyer does not receive a Section 9(a)(1) Order by the last day of the term of the Lease, July 2, 1999, on that date Buyer may, upon written notice, both extend the Closing Date to a date not later than the Extended Date (as hereinafter defined) and extend the term of the Lease to such date. During any such extended term of the Lease, rent shall be equal to $3,000.00 per diem for days in July, August, and September and $6,000 per diem for days in October, November, and December, payable upon the expiration of the extended term of the Lease, and the Casualty Value for the Units under the Lease shall be equal to $8,300,000. In the event the closing does not occur on the Extended Date, this Purchase Agreement shall be terminated automatically, at no cost or obligation to Seller. In the event of termination pursuant to this section, Seller shall be entitled to all rent payable for all days up to and including the day when the written notice of termination was given.
View Source
Delay of Closing Date. On a monthly basis, the Investor will review its position and will have the right to delay the Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche and the Fourth Accelerated Notes Tranche. The Investor will explain the reasons for the delay of the Closing Date to the Issuer along with the criteria which needs to be met in order to agree on a revised Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche and Fourth Accelerated Notes Tranche. (H) Section 9.4 Waiver is amended to Section 9.5 Waiver (I) Section 9.5 Notification of Satisfaction or Waiver of Conditions Precedent is amended to Section 9.6 Notification of Satisfaction or Waiver of Conditions Precedent
View SourceView Similar (2)
Delay of Closing Date. If ACE does not receive a Section 9(a)(1) order by the last day of the term of the Lease, July 11, 1998, on that date ACE may, upon written notice, both extend the Closing Date to a date not later than the Extended Date (as hereinafter defined) and extend the term of the Lease to such date. During any such extended term of the Lease, rent shall be equal to $10,000.00 per diem, payable upon the expiration of the extended term of the Lease, and the Casualty Value for the Units under the Lease shall be equal to the Purchase Price. If, and only if, ACE purchases the Units as contemplated in this Agreement upon the expiration of such extended term of the Lease, Seller shall extend a credit to ACE, solely against ACE's obligations to pay Seller rent with respect to such extended term of the Lease, equal to 60.80% of
View Source
Delay of Closing Date. On a monthly basis, the Investor will review its position and will have the right to delay the Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche, the Fourth Accelerated Notes Tranche and any Additional Accelerated Notes Tranches. The Investor will explain the reasons for the delay of the Closing Date to the Issuer along with the criteria which needs to be met in order to agree on a revised Closing Date in relation to the Second Accelerated Notes Tranche, Third Accelerated Notes Tranche, Fourth Accelerated Notes Tranche, Fifth Accelerated Notes Tranche, Sixth Accelerated Notes Tranche, Seventh Accelerated Notes Tranche, Eighth Accelerated Notes Tranche, Ninth Accelerated Notes Tranche, Tenth Accelerated Notes Tranche, Eleventh Accelerated Notes Tranche and any Additional Accelerated Notes Tranches. Further, if the Investor’s custodian refuses to accept receipt of the shares for future conversions, the Investor shall not be obligated to purchase any additional Notes.
View Source
Delay of Closing Date. In the event that Helenville will have statutorily sufficient reinsurance on January 1, 2024 for the 2024 calendar year, the parties agree to cooperate in good faith to delay the Merger until January 1, 2025 (or such earlier date as agreed to by the parties in writing), and to consummate the Merger on the terms and conditions of this Agreement no later than January 1, 2025 (except that the Effective Time and Closing Date under this Agreement shall be automatically amended to reflect the new closing date and effective time of the Merger). In the event the Merger is not consummated on the original Closing Date, and the parties do not otherwise consummate the Merger on or before January 1, 2025, Helenville shall pay to Central Wisconsin a an additional termination fee of $50,000 to compensate Central Wisconsin for its time, effort, costs, and opportunity costs, unless the failure to consummate the Merger on or before January 1, 2025 is a result of Central Wisconsin’s or its policyholders’, or the Commissioner’s failure to approve the Merger, or Central Wisconsin’s breach of the Agreement.
View Source

Related to Delay of Closing Date

  • Extension of Closing Date (a) If Paragraph 8(b) is checked and Closing funds from Buyer’s lender(s) are not available on Closing Date due 55 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), 56 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days. (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 59 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 60 extended as provided in STANDARD G.

  • Initial Closing Date 3.1 A meeting shall take place on the Initial Closing Date at the offices of ▇▇▇▇▇ & ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ or such offices as the parties may agree at which the Seller shall deliver to the Security Trustee or its representative the following documents: (a) two originals of the power of attorney substantially in the form set out in Schedule 5, duly executed by the Seller; (b) a certified copy of each of the Insurance Acknowledgements (as defined in the Mortgage Sale Agreement dated 26 July 2000); (c) a duly executed assignment of the MIG Policies (as defined in the Mortgage Sale Agreement dated 26 July 2000) from the Seller and a certified copy of a notice (the original of which shall be served by courier or by special delivery) of such assignment from the Seller to Carfax or such other insurer under the MIG Policies in the form (mutatis mutandis) set out in Schedules 8 and 9 respectively of the Mortgage Sale Agreement dated 26 July 2000 and a certified copy of consent to assignment of the MIG Policies (or acknowledgement that the Mortgages Trustee will be an insured under the MIG Policies following the assignment) from Carfax or such other insurers in such form as the Mortgages Trustee reasonably requires; (d) a certified copy of the board minutes of the Seller authorising its duly appointed representatives to agree the sale of the Portfolio and authorising execution and performance of this Agreement, the Servicing Agreement, the other Transaction Documents and all of the documentation to be entered into pursuant to this Agreement; (e) a duly executed assignment of rights against third parties in the form of the Assignment of Third Party Rights; (f) a certified copy of the notice from the Seller to Carfax as to the proposed assignment of the MIG Policies; and (g) a solvency certificate from an authorised signatory of the Seller dated as at the Initial Closing Date. 3.2 The Seller undertakes that, from the Initial Closing Date until the completion of the assignment in accordance with Clause 6.1, the Seller shall hold the Title Deeds and Customer Files relating to the Portfolio that are in its possession or under its control or held to its order to the order of the Mortgages Trustee or as the Mortgages Trustee shall direct. 3.3 Subject to fulfilment of the conditions referred to in Clauses 2.2 and 3.1, the Seller shall be paid the Purchase Price by telegraphic transfer as follows: (a) the Initial Consideration shall be paid by Funding for and on behalf of the Mortgages Trustee on the Initial Closing Date; and (b) the Deferred Consideration (including any Postponed Deferred Consideration) shall be paid by Funding for and on behalf of the Mortgages Trustee quarterly on the Interest Payment Dates (provided there are available funds and after the making of any provisions in accordance with normal accounting practice) in accordance with the Funding Pre- Enforcement Revenue Priority of Payments or, as the case may be, the Funding Post- Enforcement Priority of Payments. 3.4 The Seller shall provide all reasonable co-operation to the Mortgages Trustee, Funding and the Security Trustee to enable them to carry out their respective duties and enforce their rights under the Transaction Documents. Without prejudice to the generality of the foregoing, the Seller shall: (a) upon reasonable prior notice and during normal office hours, permit the Mortgages Trustee, Funding, the Security Trustee and their authorised employees and agents and other persons nominated by the Security Trustee and approved by the Seller (such approval not to be unreasonably withheld or delayed) to review the Customer Files and the Title Deeds in relation to the Portfolio (subject to such person(s) agreeing to keep the same confidential but provided that disclosure shall be permitted to the professional advisors and auditors of the party making the disclosure and/or to the extent that such disclosure is required by law or for the purpose of any judicial or other proceedings); and/or (b) give promptly all such information and explanations relating to the Loans and their Related Security as the Mortgages Trustee, Funding or the Security Trustee may reasonably request (including a list of the Loans and their Related Security in the Portfolio along with details of the location of the Title Deeds relating thereto), provided that, prior to completion in accordance with Clause 6, the Seller shall be under no obligation to provide any information or documentation to any person other than the Mortgages Trustee and/or the Security Trustee or their respective employees or allow such person access to the Customer Files or Title Deeds if to do so would result in a breach of the applicable Mortgage Terms or the Data Protection ▇▇▇ ▇▇▇▇.

  • Postponement of Closing Date In the event that the Firm Units to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company shall have the right to postpone the Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement and/or the Prospectus, as the case may be, or in any other documents and arrangements, and the Company agrees to file promptly any amendment to, or to supplement, the Registration Statement and/or the Prospectus, as the case may be, that in the reasonable opinion of counsel for the Underwriters may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section 6 with like effect as if it had originally been a party to this Agreement with respect to such securities.

  • Closing Date 1.2 Code........................................................

  • The Closing Date Delivery of certificates for the Securities in definitive form to be purchased by the Underwriters and payment therefor shall be made at the offices of ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ llp, ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on November 7, 2019 or such other time and date as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”).