Manner of Closing Clause Samples
The "Manner of Closing" clause defines the procedures and requirements for completing a transaction or agreement. It typically outlines the steps each party must take at closing, such as the exchange of documents, payment of funds, and delivery of assets or property. For example, it may specify the location, timing, and method by which closing will occur, as well as any conditions that must be satisfied beforehand. This clause ensures that all parties have a clear understanding of how the closing process will be conducted, reducing the risk of misunderstandings or disputes at the final stage of the transaction.
Manner of Closing. At the Closing, all transactions shall be conducted substantially concurrently and no transaction shall be deemed to be completed until all are completed.
Manner of Closing. 5.1.1. The Closing of the purchase and sale of the Property will occur in an escrow to be administered by the Escrow Agent (“Escrow”).
5.1.2. The Parties agree to provide the Escrow Agent with escrow instructions (the “Escrow Instructions”) consistent with the terms of this Agreement.
5.1.3. On the Closing Date, the Escrow Agent shall deliver or cause to be delivered the sums and documents pursuant to the Escrow Instructions. In the event that the Escrow Agent cannot, or refuses to, handle this transaction, the Parties shall appoint an escrow company mutually satisfactory to the Parties, which is licensed in the state of Oregon.
Manner of Closing. The form and substance of all legal matters described in this Agreement or related to the transactions contemplated by this Agreement shall be reasonably acceptable to Seller’s legal counsel.
Manner of Closing. Subject to the terms and conditions hereof, the purchase and sale of the Purchased Sales will be completed on the Closing Date by exchange of documents between the Parties through their solicitors, or at such other time or place and in such other manner as the Parties may agree. For the avoidance of doubt, the Purchaser may decide in its absolute discretion to waive any of the requirements set out in §7.2 and the Vendor may decide in his absolute discretion to waive any of the requirements set out in §7.3.
Manner of Closing. The transaction shall be closed with the concurrent delivery of the documents of title, transfer of interests, delivery of the Title Policy, and all other closing deliveries described in Section 5.3(b) and the payment of the Purchase Price. The Closing with respect to the Courtyard Plaza Parcel and the Courtyard Park Parcel, and the Escrow, will occur simultaneously on the Closing Date. Seller shall provide any undertaking to the Title Company necessary for the Closing to occur or for the satisfaction of any other requirement for Closing.
Manner of Closing. The closing of the purchase and sale of the Property will occur in an escrow to be administered by the Title Company. The parties agree to provide the Title Company with escrow instructions consistent with the terms of this Agreement.
Manner of Closing. Subject to the terms, covenants, and conditions of this Agreement and the Ground Lease included by reference herein, the Closing of the Conveyance of leasehold interest in the Site from City to Developer shall occur on the Closing Date, upon satisfaction or waiver by the Parties of all Conditions Precedent to Closing identified in Section 3 of this Agreement.
Manner of Closing. Subject to Section 2(b), the closing of the sale and purchase of the Units pursuant to this Agreement (the “Closing”) shall take place through the Portal within five Business Days after the Offering Deadline (the “Closing Date”).