Common use of Delays in Closing Clause in Contracts

Delays in Closing. The Closing shall occur on April1, 1998. Lessee shall have no right to close the purchase of the Property absent simultaneously closing the purchase of (I) the land and improvements covered by the second building lease between Petula Associates, Ltd. and Koll Woodside Associate▇, ▇e▇▇▇▇▇-▇▇-common, doing business as KC Woodside ("W▇▇▇▇▇▇▇"), ▇▇ ▇▇▇▇▇r, and Lessee, as lessee, dated May 8, 1987, as amended by letter dated January 12, 1988, Addendum of 1987 (undated) and amendments dated July 28, 1988, September 13, 1991, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Second Lease") and (ii) the land and improvements covered by the fourth building lease between Woodside, as lessor, and Lessee dated July 28, 1989, as amended by amendments dated September 13, 1991, August 13, 1992, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Fourth Lease"). Any failure by Lessee to close the purchase of the land and improvements covered by the second Lease and Fourth Lease on April 1, 1998 shall be deemed a rescission of the exercise of the Option to Purchase the Property pursuant to Section 6."

Delays in Closing. The Closing shall occur on April1, 1998. Lessee shall have no right to close the purchase of the Property absent simultaneously closing the purchase of (I) the land and improvements covered by the second third building lease between Principal Mutual Life Insurance Company and Petula Associates, Ltd. and Koll Woodside Associate▇Ltd., ▇e▇▇▇▇▇-▇▇-common, doing business together as KC Woodside ("W▇▇▇▇▇▇▇"), ▇▇ ▇▇▇▇▇rlessor, and Lessee, as lessee, dated May 8July 28, 19871998, as amended by letter dated January 12, 1988, Addendum of 1987 (undated) and amendments dated July 28, 19881989, September 13, 1991, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Second Third Lease") and (ii) the land and improvements covered by the fourth building lease between Woodside, as lessor, Lessor and Lessee dated July 28, 1989, as amended by amendments dated September 13, 1991, August 13, 1992, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Fourth Lease"). Any failure by Lessee to close the purchase of the land and improvements covered by the second Third Lease and Fourth Lease on April 1, 1998 shall be deemed a rescission of the exercise of the Option to Purchase the Property pursuant to Section 6."

Delays in Closing. The Closing shall occur on April1April 1, 1998. Lessee shall have no right to close the purchase of the Property absent simultaneously closing the purchase of (Ii) the land and improvements covered by the second building lease between Petula Associates, Ltd. Lessor and Koll Woodside Associate▇, ▇e▇▇▇▇▇-▇▇-common, doing business as KC Woodside ("W▇▇▇▇▇▇▇"), ▇▇ ▇▇▇▇▇r, and Lessee, as lessee, Lessee dated May 8, 1987, as amended by letter dated January 12, 1988, Addendum of 1987 (undated) and amendments dated July 28, 1988, September 13, 1991, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Second Lease") and (ii) the land and improvements covered by the fourth third building lease between WoodsidePrincipal Mutual Life Insurance Company and Petula Associates, Ltd., together as lessor, and Lessee Lessee, as lessee, dated July 28, 1988, as amended by amendments dated July 28, 1989, as amended by amendments dated September 13, 1991, August 13, 1992, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Fourth Third Lease"). Any failure by Lessee to close the purchase of the land and improvements covered by the second Second Lease and Fourth Third Lease on April 1, 1998 shall be deemed a rescission of the exercise of the Option to Purchase the Property pursuant to Section 6."