Closing Date and Real Property Transfer Date Sample Clauses

Closing Date and Real Property Transfer Date. The Escrow -------------------------------------------- Closing of the transactions contemplated herein, other than the transfer of the Real Property, shall be held on February 8, 1999 at 1:00 p.m. at the offices of Xxxxxx & Xxxxxxxx (the "Escrow Closing Date"). The Closing of the transactions contemplated herein shall be the Escrow Release Date (as defined below) The Real Property Transfer Date shall be September 30, 1999 (the "Real Property Transfer Date"), provided, however, if the FCC has not approved the transfer of the Licenses by September 30, 1999, the Real Property Transfer Date shall be the date upon which the FCC consents to such transfer. At Buyer's option, if the FCC has consented to the transfer of the Licenses, Buyer may close on the transfer of the Real Estate on a date Buyer specifies which is on or prior to September 30, 1999, in which event such earlier date shall be deemed the Real Property Transfer Date, by delivering to Seller one or more certified checks or wire transfers in the aggregate amount of Three Million Seven Hundred Thousand Dollars ($3,700,000), less the applicable credit for LMA payments pursuant to Section 1, and any then prepaid tower lease payments, and other customary closing adjustments.
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Closing Date and Real Property Transfer Date. The Closing -------------------------------------------- of the transactions contemplated herein, other than for the transfer of the Real Property, shall be held on a date and time as specified by Buyer in writing to Seller that is no less than five (5) and no more than fifteen calendar (15) days after the date upon which the approval of the FCC required for the consummation of the transactions contemplated herein shall become a "Final Order," or on such date upon which the parties mutually agree in writing; provided, however, that "Final Order" means the date on which the consent of the FCC is no longer subject to administrative or judicial reconsideration, review, appeal or stay; provided further, that in the event the date of the Final Order is on or after December 1, 1996, the Closing will take place no earlier than January 1, 1997 on a date specified by Buyer. The parties hereby agree and stipulate that, absent the pendency of any petition, application or motion seeking reconsideration, review, appeal or stay of the Consent, and absent any FCC action reconsidering, reviewing, staying or modifying the Consent, such Consent shall be treated as final as of 12:01 A.M. on the forty-first day after the date of public notice issued by the FCC approving the assignment of the Licenses to Buyer. The Closing shall take place at the Trenton offices of Xxxxxx & Xxxxxxxx, A Professional Corporation, at 9:00 A.M. local time, or such other time or place as mutually agreed. Notwithstanding anything contained in this Section 10.1 to the contrary, if the Closing does not occur by April 1, 1997, then either Seller or Buyer shall have the right to terminate this Agreement subject to the terms and conditions of Section 14 hereof, and the Escrow Amount shall be refunded to Buyer. The Real Property Transfer Date shall be the third anniversary of the Closing Date.
Closing Date and Real Property Transfer Date. The Closing -------------------------------------------- of the transactions contemplated herein, other than for the transfer of the Real Property, shall be held on a date and time, specified by Buyer in writing to Seller, which is on or before the earlier of: (i) the second business day following completion of Buyer's currently pending bond financing proceedings (projected by Buyer to be completed by March 31, 1997) or any substitute therefor; or (ii) May 31, 1997 ("New Closing Date"). Notwithstanding anything contained in this Section 10.1 of the Amendment, if the Closing does not occur by May 31, 1997, then either Seller or Buyer shall have the right to terminate the Agreement subject to the terms of the Agreement and this Amendment. The Real Property Transfer Date shall be the third anniversary of the New Closing Date.
Closing Date and Real Property Transfer Date. The Closing of the -------------------------------------------- transactions contemplated herein, other than for the transfer of the Real Property, shall be held on a date and time, specified by Buyer in writing to Seller, which is on or before January 31, 1999 ("New Closing Date"). The Real Property Transfer Date shall be January 31, 2000 (the "Real Property Transfer Date").

Related to Closing Date and Real Property Transfer Date

  • Post-Closing Matters Execute and deliver the documents and complete the tasks set forth on Schedule 6.14, in each case within the time limits specified on such schedule, as such time limits may be extended from time to time by Agent in its reasonable discretion.

  • Closing Date and Location The Transaction will be completed at 10:00 a.m. (Pacific time) on the Closing Date, at the offices of the Purchaser’s Solicitors, or at such other location and time as is mutually agreed to by the Purchaser and the Target. Notwithstanding the location of the Closing, each party agrees that the Closing may be completed by the exchange of undertakings between the respective legal counsel for the Purchaser and the Target, provided such undertakings are satisfactory to each party’s respective legal counsel.

  • After Acquired Real Property Upon the acquisition by it or any of its Domestic Subsidiaries that is a Loan Party after the date hereof of any Material Real Estate Asset (each such interest being an “After Acquired Property”), as soon as reasonably practicable so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property after taking into account any liabilities with respect thereto that impact such fair market value. The Collateral Agent shall notify such Loan Party within ten (10) Business Days of receipt of notice from the Administrative Borrower whether it intends to require any of the Real Property Deliverables referred to below. Upon receipt of such notice, the Loan Party that has acquired such After Acquired Property shall furnish to the Collateral Agent as promptly as reasonably practicable the following, each in form and substance reasonably satisfactory to the Collateral Agent: (i) a Mortgage with respect to such real property and related assets located at the After Acquired Property, duly executed by such Loan Party and in recordable form; (ii) evidence of the recording of the Mortgage referred to in clause (i) above in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to create and perfect a valid and enforceable first priority lien on the After Acquired Property purported to be covered thereby (subject to Permitted Liens) or to otherwise protect the rights of the Agents and the Lenders thereunder, (iii) a Title Insurance Policy, (iv) a survey of such real property, certified to the Collateral Agent and to the issuer of the Title Insurance Policy by a licensed professional surveyor reasonably satisfactory to the Collateral Agent, provided that an existing survey shall be acceptable if sufficient for the applicable title insurance company to remove the standard survey exception and issue survey-related endorsements, (v) if requested, Phase I Environmental Site Assessments with respect to such real property, certified to the Collateral Agent by a company reasonably satisfactory to the Collateral Agent, and (vi) such other documents reasonable and customary or instruments (including guarantees and enforceability opinions of counsel) as the Collateral Agent may reasonably require (clauses (i)-(vi), collectively, the “Real Property Deliverables”). The Borrowers shall pay all reasonable and documented out-of-pocket fees and expenses, including reasonable and documented out-of-pocket fees and expenses of one outside counsel and one local counsel in each relevant jurisdiction, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(o).

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

  • Closing Deliveries of Seller At the Closing, Seller shall deliver to Purchaser:

  • Closing Date and Option Closing Date Opinion of Counsel On each of the Closing Date and the Option Closing Date, if any, the Representative shall have received the favorable opinion of GM, dated the Closing Date or the Option Closing Date, as the case may be, addressed to the Representative and in form and substance reasonably satisfactory to BM, confirming as of the Closing Date and, if applicable, the Option Closing Date, the statements made by GM in their opinion delivered on the Effective Date.

  • Post-Closing Requirements Borrowers shall complete each of the post-closing obligations and/or provide to Agent each of the documents, instruments, agreements and information listed on Schedule 7.4 attached hereto on or before the date set forth for each such item thereon, each of which shall be completed or provided in form and substance satisfactory to Agent.

  • Closing Date and Place 15. Closing shall take place at the office of at o’clock on , 20 or, upon reasonable notice (by telephone or otherwise) by Purchaser, at the office of

  • Additional Material Real Estate Assets (a) Subject to the provisions of Section 5.17(b), in the event that any Loan Party acquires a Real Estate Asset that constitutes a Material Real Estate Asset or a Real Estate Asset owned or leased on the Restatement Date becomes a Material Real Estate Asset as a result of improvements upon such property, and such interest has not otherwise been made subject to the Lien of the Security Documents in favor of the Collateral Agent, for the benefit of Secured Parties, at the time of the acquisition thereof (or within a reasonable time after the completion of the construction of the improvements), such Loan Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments, agreements, opinions and certificates similar to those described in Section 5.11(b) with respect to each such Material Real Estate Asset, that the Collateral Agent shall reasonably request to create in favor of the Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority Lien in such Material Real Estate Assets; provided, however, that if the Material Real Estate Asset is a Leasehold Property, and the lease with respect to such Leasehold Property requires lessor consent to effectuate a Mortgage, such Loan Party shall use commercially reasonable efforts to obtain such consent, and, in addition, in the case of any Material Real Estate Asset which is a Leasehold Property for which a memorandum of such Leasehold Property is not recorded, such Loan Party shall use commercially reasonable efforts to obtain fully executed and notarized Record Documents for such Leasehold Property, in proper form for recording in all appropriate places in all applicable jurisdictions. The inability of such Loan Party to obtain a landlord’s consent and/or a Record Document following commercially reasonable efforts to do so, and the concurrent inability of such Loan Party to deliver a Mortgage encumbering such Material Real Estate Asset which is a Leasehold Property shall not be deemed to be a failure to satisfy this Section 5.11(a). In addition to the foregoing, in the case of the U.S. Borrower, at the request of the Collateral Agent, deliver, from time to time, to the Collateral Agent such appraisals as are required by law or regulation of Real Estate Assets with respect to which the Collateral Agent has been granted a Lien and any environmental site assessments or reports that the Administrative Agent or Collateral Agent reasonably request with respect to such Material Real Estate Assets; provided, however, environmental site assessments shall not be required more than once in any twelve (12) month period, unless Collateral Agent has a good faith belief that there is a violation of Environmental Laws or a release of Hazardous Materials at the Real Estate Asset.

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

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