Closing Deadlines Sample Clauses
Closing Deadlines. If any Buyer exercises an option to purchase Company Interest under §6.4 (Involuntary Transfer), §6.5 (Disability), §6.6 (Death) and §6.7 (Dissolution), the purchase and sale of the Company Interest must be closed at a time and place reasonably specified by the Buyer or Buyers, as the case may be, provided that the closing must be held no later than sixty (60) days after the later of (a) the date the Buyer exercises the option or last option (if more than one) with respect to the purchase of the Company Interest (as represented in Units), or (b) if the fair market value is to be determined as prescribed in §6.8, above, the date of determination of the fair market value of the Company Interest (as represented in Units). At the closing, the Seller shall assign and transfer the Units to the buyer free and clear of all encumbrances or other claims.
Closing Deadlines. For each schedule, Seller shall schedule, and Purchaser should be prepared to close on the sale (or lease) of the properties within 60 (sixty) days.
Closing Deadlines. Subject to Section 8.4, the Closing on Tranche 1 must occur no later than June 30, 2008 (“Tranche 1 Closing Deadline”). The Closing on Tranche 2 must occur no earlier than October 1, 2008 and no later than October 31, 2008 (“Tranche 2 Closing Deadline,” and with the Tranche 1 Closing Deadline, each a “Closing Deadline”). Notwithstanding the foregoing, Buyer shall have [i] an initial option to extend the Tranche 2 Closing Deadline until December 1, 2008, and [ii] a second option to extend the Tranche 2 Closing Deadline until December 31, 2008. Buyer may exercise either such option by delivering notice thereof to Seller on or before the then applicable Tranche 2 Confirmation Deadline (as hereinafter defined), in which event the Tranche 2 Confirmation Deadline shall be extended to October 31, 2008, with respect to the initial such option above, and to November 30, 2008, with respect to the second such option above. For each such option exercised by Buyer, $100,000 of the Deposit, which might otherwise be payable, returnable or refundable to Buyer under Section 2.3, 2.4[iv], 8.4 or 8.5 or any other section of this Agreement, shall, except as provided in Section 2.4[iii], become non-refundable, but shall be applied to the Tranche 2 Purchase Price at the Tranche 2 Closing. Buyer’s right to purchase the Tranche 1 Facilities and Tranche 2 Facilities shall terminate on the Tranche 1 Closing Deadline if the Closing on Tranche 1 has not occurred by such date. Buyer’s right to purchase the Tranche 2 Facilities shall terminate on the Tranche 2 Closing Deadline (as such deadline may be extended by Buyer as described above) if the Closing on Tranche 2 has not occurred by such date.
Closing Deadlines. 8.2(a) Code ..................................................................