Common use of Extension of Closing Date Clause in Contracts

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 Closing funds from Buyer▇▇▇▇▇’s lender(s) are not available at time of Closing due to Truth In Lending Act (TILA) 52 notice 55 requirements, Closing shall be extended for such period necessary to satisfy TILA notice requirements, 53 not to 56 exceed 7 days. (b) If extreme weather or other condition or event constituting “Force Majeure” (see STANDARD G) causes: 55 (i) 58 disruption of utilities or other services essential for Closing Closing, or (ii) Hazard, Wind, Flood or Homeowners’ 56 insurance, 59 to become unavailable prior to Closing, Closing shall will be extended a reasonable time up to 3 days 57 after restoration 60 of utilities and other services essential to Closing Closing, and availability of applicable Hazard, Wind, 58 Flood or 61 Homeowners’ insurance. If restoration of such utilities or services and availability of insurance has not 59* occurred 62 within (if left blank, then 14) days after Closing Date, then either party may terminate this 60 Contract by 63 delivering written notice to the other party, and Buyer ▇▇▇▇▇ shall be refunded the Deposit, thereby 61 releasing Buyer and 64 Seller from all further obligations under this Contract.

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) 52 notice 55 requirements, Closing shall be extended for such period necessary to satisfy TILA notice requirements, 53 not to 56 exceed 7 days. (b) If extreme weather or other condition or event constituting “Force Majeure” (see STANDARD G) causes: 55 (i) 58 disruption of utilities or other services essential for Closing Closing, or (ii) Hazard, Wind, Flood or Homeowners’ 56 insurance, 59 to become unavailable prior to Closing, Closing shall will be extended a reasonable time up to 3 days 57 after restoration 60 of utilities and other services essential to Closing Closing, and availability of applicable Hazard, Wind, 58 Flood or 61 Homeowners’ insurance. If restoration of such utilities or services and availability of insurance has not 59* occurred 62 within (if left blank, then 14) days after Closing Date, then either party may terminate this 60 Contract by 63 delivering written notice to the other party, and Buyer shall be refunded the Deposit, thereby 61 releasing Buyer and 64 Seller from all further obligations under this Contract.

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 Closing, or (ii) Hazard, Wind, Flood or Homeowners’ insurance, 59 to become unavailable prior to Closing, Closing shall will be extended a reasonable time up to 3 days after restoration 60 of utilities and other services essential to Closing 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 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 14 _ (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.