1Place and Date Clause Samples
The 'Place and Date' clause specifies where and when a contract or agreement is executed. Typically, this clause requires the parties to indicate the city or location and the exact date on which they sign the document, often appearing at the beginning or end of the contract. By clearly recording these details, the clause establishes the official moment and location of the agreement's formation, which can be important for legal validity, determining applicable law, and resolving any disputes about when the contract became effective.
1Place and Date. The Closing (the “Closing”) shall occur on or before the date that is latest of: (a) thirty (30) days following the Assistance Approval Date or (b) sixty (60) days after the expiration of the Approval Period (the “Closing Date”) but in no event shall the Closing occur prior to December 31, 2017. The Closing will be held remotely or at the offices of the Title Company, unless the parties mutually agree in writing upon another place, time or date, At Seller’s or Buyer’s election, the Closing may be effectuated by forwarding all executed documents and other items necessary to effect the Closing to the Title Company, without the necessity of the parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow. Notwithstanding the foregoing, Buyer shall have the right, exercisable not later than two(2) days before the then scheduled Closing Date, to extend the Closing Date by thirty (30) days, two (2) separate times (each, an “Extension Option”), each time upon the delivery to Seller of such election and the depositing into Escrow of an additional deposit of Five Thousand Dollars ($5,000) (each, an “Extension Deposit”), which shall become part of the Deposit, and shall be credited toward the Purchase Price of the Property on the Closing Date.
1Place and Date. Manner of Closing.
(a) The Closing (the “Closing”) shall occur on a date (the “Closing Date”) designated by Buyer by written notice provided to Seller (the “Closing Notice”), no less than five (5) days prior to thereto, provided that such Closing Date shall be no later thanthe later of: (i) thirty (30) days following the date Buyer obtains, or has been delivered the Assistance Approvals, the Prepayment Approvals and the NY AG/Other Approvals, or(ii) sixty (60) days after the expiration of the Approval Period. The Closing will be held remotely or, if the Parties mutually agree, in person, ata location, date and time also mutually agreed upon by the Parties. If held remotely, the Closing will be effectuated by the Parties and the necessary participants forwarding all executed documents and other items necessary to effect the Closing to the Escrow Agent, without the necessity of the Parties actually convening for the Closing, in which event the Closing shall be completed through the utilization of the Escrow.