Common use of Opening and Close of Escrow Clause in Contracts

Opening and Close of Escrow. City and Developer shall open Escrow for the conveyance of the City Common Areas Option Property within ten (10) days following the date that Developer the Development Agreement has been signed by all Parties (“Opening Date”). Escrow shall close within forty-five days following the Opening Date (“Close of Escrow”).

Opening and Close of Escrow. City and Developer shall open Escrow for the conveyance of the City Common Areas Parking Lots Option Property within ten (10) days following the date that Developer the Development Agreement has been signed by all Parties (“Opening Date”). Escrow shall close within forty-five days following the Opening Date (“Close of Escrow”).