Common use of Delayed Closing Clause in Contracts

Delayed Closing. Notwithstanding anything to the contrary in the Asset Purchase Agreement, Closing for the Supply Agreements for Sites #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇ and #1329 shall be delayed until such time as Purchaser obtains the necessary government permits or licenses to operate such Sites, including any required retail motor fuel licenses (collectively, the “Approvals”). Purchaser represents to Seller that it will use commercially reasonable efforts to obtain the Approvals and Purchaser shall give Seller prompt notice upon Purchaser obtaining Approvals to operate such Sites. Purchaser shall place in escrow with the Escrow Agent on the May 19, 2014 Closing Date as part of the total Purchase Price the purchase price allocated to the Supply Agreements for Sites #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇, #▇▇▇ and #1329.