Target Closing Date definition
Examples of Target Closing Date in a sentence
The Closing shall occur on the Target Closing Date in accordance with the terms and conditions of this Agreement in escrow through the Escrow Agent.
Except as otherwise specifically set forth herein, all risk of loss and destruction of the Property and improvements, and all Property expenses and insurance, shall be borne by Seller until the Target Closing Date.
If any of the aforesaid prorations cannot be calculated accurately on the Target Closing Date, then they shall be estimated to the extent possible as of the Closing and shall be deemed final at Closing.
If subsequent to the calculation or delivery of a calculation or other deliverable that was required to be performed or delivered as of, on or prior to a day that is some number of days prior to the Target Closing Date, the Target Closing Date is adjusted so that it is a later date, the applicable Party will re-calculate or deliver such calculation or other deliverable as of, on or prior, as applicable, to such number of days prior to the Target Closing Date as so adjusted.
To the extent that ▇▇▇▇▇▇ is responsible for the payment of utilities with respect to the Property, final readings and final ▇▇▇▇▇▇▇▇ for utilities will be made if possible as of the Target Closing Date, in which event no proration shall be made at the Closing with respect to utility bills; otherwise a proration shall be made based upon the parties’ reasonable good faith estimate.