Common use of Closing Contingency Clause in Contracts

Closing Contingency. Close hereunder as soon as practicable upon the reduction of the Cornell Facility from its current balance of about Nine Hundred Fifty Thousand Dollars ($950,000) to a balance of Five Hundred Thousand Dollars ($500,000) and the release by Cornell of its lien on the PA Building.

Closing Contingency. Close hereunder as soon as practicable upon the reduction of the Cornell Facility from its current balance of about Nine Hundred Fifty Thousand Dollars ($950,000) to a balance of Five Hundred Thousand Dollars ($500,000) and the release of lien by Cornell of its lien on the PA Building.;