Outside Closing Date Clause Samples
The Outside Closing Date clause sets a final deadline by which the transaction must be completed. In practice, this means that if the closing has not occurred by this specified date, either party may have the right to terminate the agreement without penalty. This clause ensures that both parties are motivated to fulfill their obligations in a timely manner and prevents the deal from lingering indefinitely, thereby providing certainty and a clear endpoint to the transaction process.
POPULAR SAMPLE Copied 18 times
Outside Closing Date. October 1, 2014.
Outside Closing Date. The Closing Date shall have occurred and each of the conditions precedent set forth in this Section 3.01 shall have been satisfied on or prior to August 31, 2006; and
Outside Closing Date. If the Closing Date has not occurred on or before August 15, 2019, either Contributor or the Operating Partnership may terminate this Agreement by written notice to the other party.
Outside Closing Date. The Outside Closing Date (as such term is defined in Section 3.B. of the Purchase Agreement) is hereby extended to March 30, 2012.
Outside Closing Date. For the avoidance of doubt, the Outside Closing Date under all of the Purchase Agreements of 5:00 p.m. Pacific Time on February 28, 2013 shall remain unchanged.
Outside Closing Date. If all conditions precedent set forth in Section 3.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August 15, 2005, then the agreement of the Lenders to fund their respective Pro Rata Shares of the Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).
Outside Closing Date. Subject to extension as provided Section 6.8 below, August 15, 2007.
Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 15, 2003, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).
Outside Closing Date. In Section 25(c) of the Agreement, the three occurrences of "August 29, 2006" are hereby deleted and replaced with "September 25, 2006".
Outside Closing Date. The Closing Date shall have occurred on or before the Outside Closing Date (as defined in the Transaction Support Agreement).