Common use of Time and Place of the Closing and Closing Date Clause in Contracts

Time and Place of the Closing and Closing Date. The closing of the transactions contemplated under this Agreement (the “Closing”) shall be consummated on a date (the “Closing Date”) which shall be the last Business Day of the calendar month that includes the first Business Day during which all of the conditions set forth in ARTICLE VIII and ARTICLE IX have been satisfied or (subject to applicable Law) waived (other than those conditions that by their nature can only be satisfied at the Closing, but subject to the satisfaction or waiver thereof), unless another date is agreed to in writing by Prosperity and Legacy. At the Closing, the appropriate parties shall execute such documents and instruments as may be necessary or appropriate in order to effect the transactions contemplated by this Agreement. The Closing shall take place at 10:00 a.m., local time at the executive offices of Prosperity on the Closing Date, or at such other time and place to which Prosperity and Legacy may agree.