Extension of Closing Date Sample Clauses
The Extension of Closing Date clause allows the parties involved in a transaction to postpone the originally scheduled closing date under certain conditions. Typically, this clause outlines the circumstances under which an extension is permitted, such as delays in obtaining regulatory approvals or financing, and may specify the maximum length of the extension or the process for requesting it. Its core practical function is to provide flexibility and prevent the agreement from failing due to unforeseen delays, thereby ensuring that both parties have adequate time to fulfill their obligations before finalizing the transaction.
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Extension of Closing Date. (“Closing Date”), at the time
(a) In the event Closing funds from ▇▇▇▇▇’s lender(s) are not available on Closing Date due to Consumer Financial 57 Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), if Paragraph 8(b) is 58 checked, Loan Approval has been obtained, and lender’s underwriting is complete, then Closing Date shall be 59 extended for such period necessary to satisfy CFPB Requirements, provided such period shall not exceed 7 60 days. 61 (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 62 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 63 extended as provided in STANDARD G.
Extension of Closing Date. Contributor and Acquirer hereby agree to amend Sections 3.1(g) and 3.2(g) of the Contract to provide as follows: The Closing shall have occurred on or prior to June 30, 2005. Contributor and Acquirer hereby agree to amend Section 4.1 of the Contract to provide as follows: The consummation and closing (the “Closing”) of the transactions contemplated under this Agreement shall take place at the offices of Hunton & W▇▇▇▇▇▇▇ LLP, Washington, D.C., or such other place as is mutually agreeable to the parties, on the date of the closing of the IPO (the “Closing Date”), or as otherwise set by agreement of the parties; provided, however, that this Agreement shall terminate if Closing does not occur prior to June 30, 2005.
Extension of Closing Date. (a) If Closing funds from Buyer’s lender(s) are not available at time of Closing due to Truth In Lending Act (TILA) notice 55 requirements, Closing shall be extended for such period necessary to satisfy TILA notice requirements, not to 56 exceed 7 days.
(b) If extreme weather or other condition or event constituting “Force Majeure” (see STANDARD G) causes: (i) 58 disruption of utilities or other services essential for Closing or (ii) Hazard, Wind, Flood or Homeowners’ insurance, 59 to become unavailable prior to Closing, Closing shall be extended a reasonable time up to 3 days after restoration 60 of utilities and other services essential to Closing and availability of applicable Hazard, Wind, Flood or 61 Homeowners’ insurance. If restoration of such utilities or services and availability of insurance has not occurred 62 within (if left blank, then 14) days after Closing Date, then either party may terminate this Contract by 63 delivering written notice to the other party, and Buyer shall be refunded the Deposit, thereby releasing Buyer and 64 Seller from all further obligations under this Contract.
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.
Extension of Closing Date. If Paragraph 6(b) is checked and Closing Funds from Buyer’s lender(s) are not 52 available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure delivery requirements 53 (“CFPB Requirements), if applicable, then Closing Date shall be extended for such period necessary to satisfy 54 CFPB Requirements, provided such period shall not exceed 10 days.
Extension of Closing Date. If Seller determines that it will be unable to remove or cure any Unpermitted Exceptions prior to Closing, Seller shall have the right, but not the obligation, to postpone the Closing one time for up to thirty (30) days by providing written notice to Purchaser no later than three (3) Business Days prior to the then scheduled closing date.
Extension of Closing Date. If both parties are in agreement, the time period for closing this transaction can be extended by attaching an "Addendum" specifying a new date for closing.
Extension of Closing Date. The phrase, "January 31, 1998," in Section 11.1(ii) of the Restated Agreement is deleted and replaced by the phrase, "February 20, 1998."
Extension of Closing Date. Buyer may unilaterally extend the time for Closing for a period up to thirty (30) days, provided Buyer provides Seller written notice specifying the reason for extension of Closing no later than ten (10) days prior to the date previously scheduled, and provided payments to Seller are made of Two Thousand Five Hundred ($2,500.00) Dollars per day for each additional day required for extension. It is understood that all such payment(s) shall be earned upon receipt and added to the purchase price.
Extension of Closing Date. Paragraph 8 of the Agreement is amended to provide that the Closing Date shall be extended from April 4, 1997 to April 29, 1997, and that all references to the Closing Date in both the Agreement and the Personal Property Agreement shall mean April 29, 1997.