Common use of Extension of Closing Date Clause in Contracts

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.

Appears in 6 contracts

Sources: Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase

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.

Appears in 4 contracts

Sources: Residential Contract for Sale and Purchase, Real Estate Purchase Agreement, Real Estate Purchase Agreement

Extension of Closing Date. (“Closing Date”), at the time (a) If Paragraph 8(b) is checked and In the event Closing funds from ▇▇▇▇▇Buyer’s lender(s) are not available on Closing 67 Date due to Consumer Financial 57 Protection Bureau Closing Disclosure delivery requirements (“CFPB 68 Requirements”), if Paragraph 8(b) is 58 checked, Loan Approval has been obtained, and lender’s underwriting is 69 complete, then Closing Date shall be 59 extended for such period necessary to satisfy CFPB Requirements, 70 provided such period shall not exceed 10 7 60 days. 61 . (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 62 72 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 63 73 extended as provided in STANDARD G.

Appears in 2 contracts

Sources: Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase

Extension of Closing Date. (“Closing Date”), at the time (a) In the event Closing funds from ▇▇▇▇▇Buyer’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.

Appears in 1 contract

Sources: Residential Contract for Sale and Purchase

Extension of Closing Date. (“Closing Date”), at the time (a) If Paragraph 8(b) is checked and In the event Closing funds from ▇▇▇▇▇Buyer’s lender(s) are not available on Closing 63 Date due to Consumer Financial 57 Protection Bureau Closing Disclosure delivery requirements (“CFPB 64 Requirements”), if Paragraph 8(b) is 58 checked, Loan Approval has been obtained, and lender’s underwriting is 65 complete, then Closing Date shall be 59 extended for such period necessary to satisfy CFPB Requirements, 66 provided such period shall not exceed 10 7 60 days. 61 . (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 62 68 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 63 69 extended as provided in STANDARD G.

Appears in 1 contract

Sources: Residential Contract for Sale and Purchase