Closing Requirements. Closing shall occur after approval of title commitment, as described hereinabove.
Closing Requirements. The consummation of the sale and purchase of the Property (the “Closing”) shall be effected through a closing escrow which shall be established by Seller and Buyer with the Escrow Holder utilizing a so-called “New York Style Closing” (i.e., meaning a Closing which has, on the Closing Date, the concurrent delivery of the documents of title, transfer of interests, delivery of the Title Policy or “marked-up” title commitment as described herein and the payment of the Purchase Price). Seller shall provide any customary affidavits or undertakings to the Title Company necessary for the afore-described “New York Style” type of Closing to occur. All documents to be delivered at the Closing and all payments to be made shall be delivered on or before the Closing Date as provided herein.
Closing Requirements. Subsequent to Closing, each of the parties shall execute and deliver such instruments and documents and take such other actions as may, in the reasonable opinion of counsel for each, be required to complete the transactions under this Agreement. It is contemplated that within ten (10) business days after the date of this Agreement, the following documents shall have been delivered and the following activities shall have taken place, all of which shall be deemed to have occurred contemporaneously at the Closing:
Closing Requirements. As a condition precedent to the Effective Date, the following matters shall have been satisfied (collectively, “Closing Conditions”):
Closing Requirements. (a) At the Closing, City shall do the following: (i) Execute and deliver to the Title Company an affidavit in form and substance satisfactory to the Title Company and consistent with customary practices in Xxxxxxxxxx County , Ohio, permitting the Title Company to delete from the Title Policy exceptions for mechanics' liens and parties in possession (excluding work performed by or under the direction of Developer); (ii) Execute and deliver the Deed , a closing statement and a non-foreign affidavit; (iii) Deliver to Developer evidence reasonably satisfactory to Developer that City has the authority and power to enter into this Agreement and to consummate the transaction provided for herein; and (iv) Execute and deliver such other documents as City and Developer may have agreed to deliver at the Closing or as reasonably required by the Title Company and/or Developer.
Closing Requirements. At the Closing, the following shall occur:
Closing Requirements. The issue and sale of the Units and the release of the funds from the Escrow Account to the Fund(s) shall be subject to the accuracy on and as of the Closing Date of, and compliance on each Closing Date with, the representations and warranties of the General Partner and the Selling Agent herein and the performance by the Fund(s), the General Partner and the Selling Agent of their obligations hereunder. The General Partner may terminate this Agreement at any time, in its discretion. In the event of any such termination, all subscriptions received from prospective investors of the Fund(s), but not yet accepted by the Fund shall promptly be returned to them as provided in the Prospectus.
Closing Requirements. The consummation of the Second Closing within 45 days following the Effective Date and the consummation of the Third Closing within 90 days following the Effective Date shall be referred to herein as the “Closing Requirements”.
Closing Requirements. The issue and sale of the Units and the release of the funds from the Escrow Account to the Partnership shall be subject to the accuracy on and as of the Closing Date of, and compliance on each Closing Date with, the representations and warranties of the General Partner, the Selling Agent and the Commodity Broker herein and the performance by the Partnership, the General Partner, the Selling Agent and the Commodity Broker of their obligations hereunder. The General Partner may terminate this Agreement at any time, in its discretion. In the event of any such termination, all subscriptions received from prospective limited partners of the Partnership shall promptly be returned to them as provided in Section 2 hereof.
