Common use of Closing Date Extension Clause in Contracts

Closing Date Extension. If necessary, the Closing Date shall be automatically extended to allow for the full duration of any Title Cure Period or any other period for a party to act under this Section 3.1, so that the expiration date of any Title Cure Period or any other deadline under this Section 3.1 shall not occur after the Closing Date, in which event, the Closing Date shall be deemed to be the date which is three (3) Business Days following the earlier of (i) the date on which all of the Title Objections have been cured or satisfied by Seller or (ii) the expiration of the Title Cure Period.