Common use of Closing Extension Clause in Contracts

Closing Extension. If closing of this transaction is delayed for any reason other than lender delay (see paragraph 6) beyond the control of either Buyer or Seller, the closing date may be extended for up to five (5) days at the request of and without cost to either party. After this five (5) day period, any additional extension of the closing date requested by Buyer may be agreed to by Seller at Seller’s sole discretion. In the event Seller agrees to an additional extension of the closing date, Buyer shall pay $250.00 per day for that additional extension (“Extension Payment”). The Extension Payment shall be due upon the closing of this transaction.

Closing Extension. If closing of this transaction is delayed for any reason other than lender delay (see paragraph 6) beyond the control of either Buyer or Seller, the closing date may be extended for up to five (5) days at the request of and without cost to either party. After this five (5) day period, any additional extension of the closing date requested by Buyer Xxxxx may be agreed to by Seller at Seller’s sole discretion. In the event Seller agrees to an additional extension of the closing date, Buyer shall pay $250.00 per day for that additional extension (“Extension Payment”). The Extension Payment shall be due upon the closing of this transaction.

Closing Extension. If closing of this transaction is delayed for any reason other than lender delay (see paragraph 6) beyond due to no fault of the control of either Buyer or Seller, builder the closing date may be extended for up to five (5) 5 days at the request of and without cost to either party. After this five (5) day period, any additional extension of the closing date requested by Buyer the buyer, buyer’s agent or lender may be agreed to by Seller the Builder at Sellerthe Builder’s sole discretion. In the event Seller the Builder agrees to an additional extension of the closing date, Buyer shall pay $250.00 100.00 per day for that additional extension (“Extension Payment”)extension. The Extension Payment extension payment shall be due upon the closing of this transaction.

Closing Extension. If closing of this transaction is delayed for any reason other than lender delay (see paragraph 6) beyond the control of either Buyer or Seller, the closing date may be extended for up to five (5) days at the request of and without cost to either party. After this five (5) day period, any additional extension of the closing date requested by Buyer Xxxxx may be agreed to by Seller at Seller’s sole discretion. In the event Seller agrees to an additional extension of the closing date, Buyer shall pay $250.00 350.00 per day for that additional extension (“Extension Payment”). The Extension Payment shall be due upon the closing of this transaction.