Opening and Closing of Escrow Sample Clauses

Opening and Closing of Escrow. Immediately after the execution of this Agreement by both ▇▇▇▇▇ and Seller, Seller will deliver a fully executed copy of this Agreement to Escrow Agent. The Closing of Escrow shall take place on the date Escrow Agent (i) is irrevocably committed to issue the Title Policy to Buyer pursuant to Section 5.3, and (ii) disburses proceeds of the sale to Seller in accordance with the approved Closing Statement and any Buyer’s Closing instructions. The date for the Closing (“Closing Date”) shall be on the tenth day after the expiration of the Due Diligence Period.

Opening and Closing of Escrow. Within five (5) business days after the Effective Date of this Agreement is executed by WRSA and delivered to Developer, the WRSA and the Developer shall cause an escrow (the “Escrow”) to be opened with Escrow Holder for the sale of the Land by the WRSA to Developer. The Parties shall deposit with Escrow Holder a fully executed duplicate original of this Agreement as the escrow instructions for the Escrow. The WRSA and Developer shall provide such additional instructions as shall be necessary and consistent with this Agreement. Provided that each of the conditions to closing described in Section 2.7 have been satisfied, Escrow shall close (the “Close of Escrow”) on or before December 12, 2022. If the Close of Escrow does not occur by such date, any party not then in default may‌ terminate this Agreement by written notice to the other and all the funds and documents deposited with Escrow Agent shall be promptly refunded or returned, as the case may be, by Escrow Agent to the depositing party, except that all escrow and title cancellation fees shall be paid by Developer.

Opening and Closing of Escrow. Immediately after the execution of this Agreement by both ▇▇▇▇▇ and Seller, Seller will deliver a fully executed copy of this Agreement to ▇▇▇▇ ▇▇▇▇▇▇▇, Fidelity National Title Agency, Escrow Agent. The closing of Escrow (the "Closing") shall take place on the date Escrow Agent (i) is irrevocably committed to issue the Title Policy to Buyer pursuant to Section 5.3, and (ii) disburses proceeds of the sale to Seller in accordance with the approved Closing Statement. The date for the Closing ("Closing Date") shall be on the tenth (10th) day after the expiration of the Due Diligence Period and when the Certificate of Compliance has been recorded by City or is ready to be recorded by Escrow Agent.

Opening and Closing of Escrow. Within five (5) business days after the date this Agreement is executed by the City and delivered to Developer, the City and the Developer shall cause an escrow (the “Escrow”) to be opened with Escrow Holder for the sale of the Property to Developer and shall deposit with Escrow Holder a copy of this fully executed Agreement and request that an escrow be opened. The City and Developer shall provide such additional instructions consistent with this Agreement as may be reasonably required by Escrow Holder. Provided that each of the conditions to closing described in Section 2.7 have been satisfied, Escrow shall close (the “Close of Escrow”) on or before April 1, 2020. If the Close of Escrow does not occur by such date, any party not then in default may terminate this Agreement by written notice to the other, and all funds and documents deposited with Escrow Agent shall be promptly returned, by Escrow Agent to the depositing party, except that any escrow and title cancellation fees shall be paid by the defaulting party.

Opening and Closing of Escrow. Immediately after the execution of this Agreement by both Buyer and Seller, Seller will deliver a fully executed copy of this Agreement to Escrow Agent. The Closing of Escrow shall take place on the date Escrow Agent (i) is irrevocably committed to issue the Title Policy to Buyer pursuant to Section 5.3, and (ii) disburses proceeds of the sale to Seller in accordance with the approved Closing Statement. The date for the Closing (“Closing Date”) shall be on the date ten (10) days after Buyer has obtained approval from the City of Beaumont of a conditional use permit and plot plan for a drive through restaurant with a building area of approximately 2,000 square feet (“Buyer’s Entitlements”) and building permit on the Adjacent Property currently under escrow by Buyer but no later than 180 days after the Buyer’s approval of the Due Diligence as such one hundred and eighty (180) days may be extended under Section 2.3.

Opening and Closing of Escrow. Escrow shall be deemed Open upon Escrow Agent’s receipt of the Executed Purchase and Sale Agreement and the “▇▇▇▇▇▇▇ Money” (defined in Section 3.1 below) on or before July 16, 2010. The Escrow shall be deemed to close (the “Close of Escrow”) when Escrow Agent records the “Deed” (as hereafter defined). The close of escrow shall occur on or before September 10, 2010 (the “Closing Date” and/or the “Closing”), at which time the Property shall be conveyed to Buyer as provided below. The Closing shall occur at the office of Escrow Agent or at such other location as the parties may mutually specify in writing. Time is of the essence.

Opening and Closing of Escrow. Within 5 business days after the Effective Date, City and Developer shall cause an escrow (the “Escrow”) to be opened with Escrow Holder for the conveyance of the Land by City to Developer and shall deposit with Escrow Holder a copy of this fully executed Agreement. City and Developer shall provide such additional instructions consistent with this Agreement as may be reasonably required by Escrow Holder. Provided that each of the conditions to closing described in Section 2.4 have been satisfied, Escrow shall close (the “Close of Escrow”) on or before the date that is 18 calendar months after the Challenge Period End Date. If the Close of Escrow does not occur by such date, then any Party not then in Default may terminate this Agreement by written notice to the other Party, and Escrow Holder shall promptly return all fees and documents deposited with Escrow Holder to the depositing Party. Any escrow and title cancellation fees shall be paid equally by City and Developer.

Opening and Closing of Escrow. Within three (3) business days after the Effective Date, the parties shall open an escrow (“Escrow”) with Old Republic Title Company, Monterey (“Escrow Holder” and “Title Company”), at ▇▇▇ ▇▇▇▇▇▇ ▇▇, Monterey, CA 93940 Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Escrow Officer; Phone: (▇▇▇) ▇▇▇-▇▇▇▇ Email: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇; and shall deliver a copy of this fully executed Agreement to said Escrow Holder. “Close of Escrow” shall be the date that a grant deed conveying title to the Property to Buyer, is recorded in the Official Records of the Monterey County Recorder's Office. Subject to receipt of the Disposition Approvals (defined in Section 16), Close of Escrow shall occur on or before the date that is thirty (30) days after the expiration of the Due Diligence Period, as defined in Section 6.1 below.

Opening and Closing of Escrow. Within 5 business days following Optionee’s exercise of the Option, Optionee shall cause an escrow (the “Escrow”) to be opened with First American Title Insurance Company (the “Escrow Holder”) for the sale of the Option Property by City to Optionee and shall deposit with Escrow Holder a copy of this fully executed Agreement. City and Optionee shall provide such additional instructions consistent with this Agreement as may be reasonably required by Escrow Holder. Provided that each of the conditions to closing described in Section 2.5 have been satisfied, Escrow shall close (the “Close of Escrow”) as soon as possible, but in no event later than 120 days after determination of the Fair Market Value pursuant to Section 2.2.2; provided, however, that Optionee may, in its sole and absolute discretion, terminate this Agreement within 60 days after determination of the Fair Market Value by the Third Appraiser’s selection of an appraisal pursuant to Section 2.2.2. If the Close of Escrow does not occur by such date, then any Party not then in Default may terminate this Agreement by written notice to the other Party, and Escrow Holder shall promptly return all fees and documents deposited with Escrow Holder to the depositing Party. Any escrow and title cancellation fees shall be paid equally by City and Optionee.