Time for Closing Clause Samples
The "Time for Closing" clause establishes the specific date and time by which the parties must complete the transaction or finalize the agreement. It typically outlines when all required documents, payments, and other closing conditions must be fulfilled, and may specify procedures if the closing cannot occur as scheduled. This clause ensures both parties are aligned on the timeline, reducing uncertainty and helping to prevent disputes or delays related to the completion of the deal.
Time for Closing. The sale will be closed in the office of the Closing Agent not later than twenty-one (21) days from the date all contingencies set forth in Section 3 herein have been removed, or as soon thereafter as practicable. Buyer and Seller shall deposit in escrow with the Closing Agent all instruments, documents, and moneys necessary to complete the sale in accordance with this Agreement. As used in this Agreement, "Closing" and "Date of Closing" means the date on which all appropriate documents are recorded and proceeds of the sale are available for disbursement to Seller. The Closing Agent shall be: Fidelity National Title Company ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ Seattle, WA 98101
Time for Closing. The sale shall be closed in the office of the Closing Agent set forth in the Basic Provisions (“Closing Agent”) on or before January 31, 2025. The Closing Date may be extended in writing by the Seller and ▇▇▇▇▇’s Real Property Manager or designee. At least one (1) business day prior to closing, Buyer and Seller shall deposit in escrow with Closing Agent all instruments, documents and monies necessary to complete the sale in accordance with this Agreement. As used herein, “closing” or “date of closing” or “Closing Date” means the date on which all appropriate documents are recorded, proceeds of sale are available for disbursement to Seller, and all actions have been completed as necessary for the Title Company to deliver the Title Policy to the Buyer in the normal course of the Title Company’s business. If closing does not occur on or before January 31, 2025, or on or before any later date mutually agreed to in writing by the Seller and ▇▇▇▇▇’s Real Property Manager or designee, Closing Agent shall immediately terminate the escrow, forward the Deposit to the party entitled to receive it as provided in this Agreement and return all documents to the party that deposited them.
Time for Closing. The closing on the purchase of the Property (the “Closing”) will take place on a mutually agreeable date and time (the “Closing Date”) no later than sixty (60) days after the date of the Purchase Notice. The Closing will take place at a mutually agreeable location.
Time for Closing. Purchaser shall have until November 30, 2001 to close under this Agreement and to transfer and accept title to the Property (the "Closing Date"). Failure to close on or prior to the Closing Date, without an extension of the Closing Date agreed to in writing, shall be considered a breach under Section 5 of this Agreement. On the Closing Date, Purchaser shall present or transfer by cash, certified or bank cashier's check made payable to Seller, or by wire transfer to Seller in accordance with Seller's written instructions, the sum of FORTY EIGHT MILLION DOLLARS ($48,000,000.00) (the "Closing Payment") subject, however, to adjustments or prorations as provided for herein. Contract Fee: $ 50,000.00 Initial Deposit: $ 450,000.00 Second Deposit: $ 2,500,000.00 Closing Payment: $ 48,000,000.00 --------------- Total: $ 51,000,000.00 ===============
Time for Closing. The closing of the transactions contemplated in this Agreement (the “Closing”) are subject to following conditions (the “Closing Conditions”) being met (which closing conditions may be waived solely by the Company) on the date hereof (the “Closing Date”):
(i) The receipt by Company of the certificates representing all Company Shares issued to Simon and any third party, together with stock powers medallion guaranteed attached, and cancellation of any and all options, rights, agreements and understandings of Simon and any third party as to any future issuances or funding of Simon (including, without limitation, any stock options or stock issuable under any employment, compensation, incentive or other plan or agreement), including, without limitation, pursuant to the Employment Agreement or the APA;
(ii) approval of the Closing and to cancellation and retirement of the Company Shares by the Board of Directors of Company;
(iii) release of the Company of any and all liabilities, claims and obligations by the Lenders as provided in the preambles hereto: and
(iv) all matters related to this Agreement and the actions contemplated hereunder shall be acceptable to the Company, and counsel to the Company, the Lenders, in their sole and absolute discretion.
Time for Closing. 6 Section 6.2
Time for Closing. The closing of the sale of the Property by Seller to Buyer shall occur in the manner set forth below (the "CLOSING") on a date selected by Buyer (the "CLOSING DATE") not later than September 12, 2001 (TIME BEING OF THE ESSENCE).
Time for Closing. Regardless of payment arrangements, payment in full must be received by Seller within 30 days of the date of Seller’s acceptance and approval of Buyer’s bid.
Time for Closing. Borrowers shall satisfy the conditions described in Section 12 and complete the Closing not later than 10 days after Agency execution of this Agreement, unless otherwise agreed upon in writing by the Agency’s Executive Director, or designee.
Time for Closing. The sale will be closed in the office of the Closing Agent not later than twenty one (21) days from the date all contingencies set forth in Paragraph 3 herein have been removed, or as soon thereafter as practicable. Buyer and Seller shall deposit in escrow with the Closing Agent all instruments, documents and moneys necessary to complete the sale in accordance with this Agreement. As used in this Agreement, "closing" and "date of closing" means the date on which all appropriate documents are recorded and proceeds of the sale are available for disbursement to Seller. The Closing Agent shall be: Chicago Title Company of Washington ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ Bellevue, WA 98004