Close Date Clause Samples
The Close Date clause establishes the specific date on which a transaction, agreement, or contractual obligation is considered finalized and all related actions must be completed. In practice, this clause sets a clear deadline for the parties to fulfill their respective duties, such as transferring funds, delivering goods, or executing documents. By defining a firm endpoint, the Close Date clause ensures that all parties are aligned on timing, reduces uncertainty, and helps prevent disputes over when obligations are due.
Close Date. Buyer acknowledges that, as an accommodation to Buyer, Seller provides an in house sale processing service for Buyer’s purchase transaction and charges a processing fee, and that Seller is not a licensed escrow company. Buyer may at Buyer’s option, elect to have an outside licensed escrow company reasonably acceptable to Seller process this transaction all at Buyer’s expense (including any escrow fees and other charges that are normally chargeable to Seller); provided, however, that Buyer shall notify Seller in writing of such election within three (3) days of Buyer’s execution of this Agreement. In the event Buyer elects to have an outside escrow company process this transaction, but fails to timely notify Seller of this election, Seller shall be entitled to collect from Buyer at the Close of Escrow (defined below) Seller’s sale processing fee for this transaction and any costs or expenses incurred by Seller in connection with its processing of this transaction prior to the time that Seller received notice of Buyer’s election. Whether this transaction is processed on an in house basis with Seller, or an outside escrow company is used at Buyer’s election, the processing of this transaction shall be referred to as an “escrow” and the entity processing the transaction shall be referred to herein as the “Escrow Holder.” The close of escrow (the “Close Date” or “Close of Escrow”) shall occur on , unless a sooner Close Date is agreed to by the parties in writing .
Close Date. The Close of Escrow shall occur on a date (the “Close Date”) designated by University upon not less than thirty (30) days written notice to City, provided such Close Date shall be within the period provided for close of escrow in the Schedule of Performance (unless otherwise agreed by the Parties in writing), and shall not occur earlier than the date by which all of the conditions precedent described in Sections 2.4 and 2.5 are either satisfied or waived by the Party that is benefited by such conditions. University acknowledges that the Research Facility Site and portions of the ZSFG Campus Improvements Site are presently improved with and used for a surface parking lot for patients, staff and visitors to the ZSFG campus, and that City will require advance notice of the date on which such surface parking lot will no longer be available, as provided in the LDDA. Accordingly, City and University will coordinate to establish the Close Date to allow reasonable notice to the parties using the surface parking lot and implementation of the Parking Relief Plan.
Close Date. Deadline for submission of proposals is 5:00 PM PST, on December 12, 2016. The PPA must receive all proposals before 5:00 PM PST on the above closing date in the office of the Public Procurement Authority, c/o ▇▇▇▇▇ ▇▇▇▇▇▇, Contract Manager, ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Approximate opening date: 9:00 AM PST on December 13, 2016 at the office of the Public Procurement Authority, c/o ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. All responses to this Solicitation become the property of the PPA. Proposers should ▇▇▇▇ those aspects of the proposal that they consider trade secrets and exempt from public disclosure. The PPA will not be held accountable if parties other than the PPA obtain material from proposal responses without the written consent of the Proposer(s).