Common use of Closing Date Extension Clause in Contracts

Closing Date Extension. The Closing Date may be extended by SELLER in writing one (1) or more times in the event of a legitimate title objection, or if the Unit is not Substantially Complete. The parties agree that the fact that minor items of construction with respect to the Unit remain to be completed at the time of Closing or for construction work or improvements continuing in other units or in common areas or facilities in the Condominium shall not entitle either party to postpone or delay the time for Closing or to withhold or otherwise delay the payment of any part of the purchase price due hereunder. The parties further agree that Section 25 above is controlling regarding punch list items.