Common use of Acquisition Closings Clause in Contracts

Acquisition Closings. Track pending status dates (Expire / Exercise / Extend) for each landowner agreement including post- closing agreements using data entered into the Property Management System. Contact Project Manager as deadlines approach and request decision (Expire, Exercise, or Extend (if available)). If Expire - Notify Land Agent & Send Notice to Target Landowner. If Exercise - Notify Land Agent & Send Notice to Target Landowner. If Extend – Order check, notify Land Agent & Send Notice / Extension Payment to Landowner. Log in all notices (Expire, Exercise, & Extend) to CMP/PMS; file in e-folders and paper files. Exercised Options & Purchase-Sale agreements - Prepare for closing once Terms and Conditions, mandated by the MPUC or PSC and Environmental Assessments are cleared. If they are not, work with project management, land agent, outside counsel, ▇▇▇▇▇▇▇▇▇ and others to fix, or decline to acquire and find alternatives. Assist in compiling information required to prepare deed with legal description and all other required closing documents once satisfactory Due Diligence is completed. Review Closing Documents and circulate them for signatures and notarized as required. Upload final scan document into the Property Management System and/or Livelink and complete the data required into the corporate database PMS. Recording of closing documents at the appropriate County Clerk's offices.

Acquisition Closings. o Track pending status dates (Expire / Exercise / Extend) for each landowner agreement including post- post-closing agreements using data entered into the Property Management System. o Contact Project Manager as deadlines approach and request decision (Expire, Exercise, or Extend (if available)). ▪ If Expire - Notify Land Agent & Send Notice to Target Landowner. ▪ If Exercise - Notify Land Agent & Send Notice to Target Landowner. ▪ If Extend – Order check, notify Land Agent & Send Notice / Extension Payment to Landowner. Log in all notices (Expire, Exercise, & Extend) to CMP/PMS; file in e-folders and paper files. o Exercised Options & Purchase-Sale agreements - Prepare for closing once Terms and Conditions, mandated by the MPUC or PSC and Environmental Assessments are cleared. If they are not, work with project management, land agent, outside counsel, ▇▇▇▇▇▇▇▇▇ and others to fix, or decline to acquire and find alternatives. Assist in compiling information required to prepare o Prepare deed with legal description and all other required closing documents once satisfactory Due Diligence is completed. o Review Closing Documents and circulate them for signatures and notarized as required. Upload final scan document into the Property Management System and/or Livelink and complete the data required into the corporate database PMS. o Recording of closing documents at the appropriate County Clerk's ’s offices.