Change of Closing Date Clause Samples
The Change of Closing Date clause allows the parties involved in a transaction, typically a real estate sale, to modify the originally agreed-upon date for closing the deal. This clause outlines the process for requesting and approving a new closing date, often requiring written notice and mutual consent from both buyer and seller. By providing a formal mechanism to adjust the timeline, it helps accommodate unforeseen delays or scheduling conflicts, ensuring flexibility and reducing the risk of breach due to timing issues.
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Change of Closing Date. Subject to the termination provisions contained in section 13, if a material change or a change in a material fact occurs or is discovered prior to the Closing Date, the Closing Date shall be, unless Pretivm, Silver Standard and the Underwriters otherwise agree in writing or unless otherwise required under Canadian Securities Laws, the sixth Business Day following the later of:
(a) the date on which all applicable filings or other requirements of Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Provinces and any appropriate receipt obtained for such filings and notice of such filings from Pretivm or its counsel have been received by the Underwriters; and
(b) the date upon which the commercial copies of any Prospectus Amendments have been delivered in accordance with section 4(c).
Change of Closing Date. Subject to the termination provisions contained in Section 18, if a material change or a change in a material fact occurs prior to the Closing Date (or the Over- Allotment Closing Date, as applicable) which requires a Prospectus Amendment, the Closing Date or Over- Allotment Closing Date, as applicable, shall be, unless the Corporation and the Underwriters otherwise agree in writing or unless otherwise required under Canadian Securities Laws, no later than the sixth (6th) Business Day following the later of:
(a) the date on which all applicable filings or other requirements of Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Jurisdictions and any appropriate Passport System receipt obtained for such filings and notice of such filings from the Corporation and its counsel have been received by the Underwriters; and
(b) the date upon which the commercial copies of any Prospectus Amendment have been delivered in accordance with Section 9.
Change of Closing Date. Subject to the termination provisions contained in Section 10, if a material change or a change in a material fact occurs prior to the Closing Date, the Closing Date shall be, unless the Corporation and the Underwriters otherwise agree in writing or unless otherwise required under Canadian Securities Laws, the fifth Business Day following the later of:
(a) the date on which all applicable filings or other requirements of Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Jurisdictions and any appropriate receipts obtained or deemed to have been obtained for such filings and notice of such filings from the Corporation or its counsel have been received by the Underwriters; and
(b) the date upon which the commercial copies of any Prospectus Amendments have been delivered in accordance with Section 4(5).
Change of Closing Date. Subject to Section 14, if a material change or a change in a material fact occurs prior to the Closing Date, the Closing Date shall be, unless the Company and the Agent otherwise agree in writing, the tenth Business Day following the later of:
(a) the date on which all applicable filing or other requirements of the Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all applicable Qualifying Provinces and any appropriate receipts obtained for such filings and notice of such filings from the Company or its counsel has been received by the Agent; and
(b) the date upon which the commercial copies of any Supplementary Material have been delivered in accordance with paragraph 5(d).
Change of Closing Date. Subject to the termination provisions contained in Section 18, if a material change or a change in a material fact occurs prior to the Closing Date or the Option Closing Date, if the Over-Allotment Option is exercised, the Closing Date or the Option Closing Date, as applicable, shall be, unless the Corporation and the Underwriters otherwise agree in writing or unless otherwise required under Canadian Securities Laws, the sixth Business Day following the later of:
(a) the date on which all applicable filings or other requirements of Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Jurisdictions and any appropriate receipt(s) obtained for such filings and notice of such filings from the Corporation or its counsel have been received by the Underwriters; and
(b) the date upon which the commercial copies of any Prospectus Amendments have been delivered in accordance with Section 9.
Change of Closing Date. Subject to Section 14, if a material change or a change in a material fact such as is contemplated by Section 7 occurs prior to the Closing Date, the Closing Date shall be, unless the Fund and the Agents otherwise agree in writing, and provided that all applicable periods during which all purchasers may withdraw subscriptions under Canadian Securities Laws have expired, the sixth Business Day following the later of:
(a) the date on which all applicable filings or other requirements of the Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all applicable Qualifying Jurisdictions and any appropriate receipts obtained for such filings and notice of such filings from the Fund or its counsel have been received by the Agents; and
(b) the date upon which the commercial copies of any Prospectus or any Prospectus Amendments have been delivered in accordance with 5.
Change of Closing Date. If a material change occurs prior to the Closing Date, the Closing Date shall be, unless the Corporation and the Agents otherwise agree in writing, the fourth Business Day following the date on which all applicable filings or other requirements of the Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all applicable Qualifying Jurisdictions and any appropriate receipts obtained for such filings and notice of such filings from the Corporation or its counsel have been received by the Agents.
Change of Closing Date. The Closing shall occur on a date selected by the Seller that is no less than 45 days after April 22, 2016, Hawaii time/April 23, 2016, Hong Kong time and no later than December 31, 2016, Hawaii time/January 1, 2017, Hong Kong time. If any of the Seller’s conditions to the Closing has not been satisfied or waived by the Purchaser on or before the Closing Date, the Purchaser shall give written notice to the Seller describing the condition which has not been satisfied or waived, and the Closing Date shall be postponed for 10 days from the date of such written notice. If any of the aforementioned conditions has not been satisfied or waived during such 10 days period, the Seller may elect to postpone the Closing Date up to December 31, 2016, Hawaii time/January 1, 2017, Hong Kong time, so long as the Seller is diligently attempting to obtain satisfaction of such condition. The Seller may further elect to extend the Closing Date to March 31, 2017, Hawaii time/April 1, 2017, Hong Kong time, subject to (i) an agreement in writing that the Seller will pay an additional Breakup Fee for an amount of US$125,000 (equivalent to approximately HK$1.0 million); and
Change of Closing Date. Subject to the termination provisions contained in section 14, if a material change or a change in a material fact occurs or is discovered prior to the Closing Date, the Closing Date shall be, unless the Fund and the Underwriters otherwise agree in writing or unless otherwise required under Canadian Securities Laws, the sixth Business Day following the later of:
(i) the date on which all applicable filings or other requirements of Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Provinces and any appropriate MRRS decision documents obtained for such filings and notice of such filings from the Fund or its counsel have been received by the Underwriters; and
(ii) the date upon which the commercial copies of any Prospectus Amendments have been delivered in accordance with section 4(c).
Change of Closing Date. Subject to the termination provisions contained in Section 17, if a material change or a change in a material fact occurs prior to the Closing Date, the Closing Date shall be, unless the Corporation and the Agent otherwise agree in writing or unless otherwise required under applicable Securities Laws, the fifth (5th) Business Day following the later of:
(a) the date on which all applicable filings or other requirements of applicable Securities Laws with respect to such material change or change in a material fact have been complied with in all Qualifying Jurisdictions and any appropriate receipt(s) obtained for such filings and notice of such filings from the Corporation or its counsel have been received by the Agent; and
(b) the date upon which the commercial copies of any Supplementary Material have been delivered in accordance with Section 6.