Extended Closing Date definition
Examples of Extended Closing Date in a sentence
In the event all of the "conditions precedent" have not been satisfied by the Closing Date or the Extended Closing Date, this Agreement shall automatically terminate upon the Closing Date or the Extended Closing Date without the requirement of either party providing written notice.
If the Assumption Approval is not obtained by a date, which is three (3) business days prior to the Extended Closing Date, Purchaser shall have the right to terminate this Agreement on or before the Extended Closing Date.
In the event Buyer elects to accept the Property and proceed to Closing pursuant to Section 8.3(a)(ii) hereof, then, in such a case, the Scheduled Closing Date shall automatically be extended to the Extended Closing Date.
Buyer shall have the right to extend the Closing Date for a period of up to thirty (30) days ("Extended Closing Date"), by serving written notice thereof upon Seller on or before ten (10) days prior to the Closing Date and simultaneously therewith delivering to the Escrow Agent, as hereinafter defined, the Third Deposit required by Paragraph 2(a)(ii).
Failure by Seller to satisfy any such failed condition on or before the Extended Closing Date shall not constitute a default or breach by Seller under this Agreement.