Common use of Extension of Closing Date Clause in Contracts

Extension of Closing Date. Buyer may unilaterally extend the time for Closing for a period up to thirty (30) days, provided Buyer provides Seller written notice specifying the reason for extension of Closing no later than ten (10) days prior to the date previously scheduled, and provided payments to Seller are made of Two Thousand Five Hundred ($2,500.00) Dollars per day for each additional day required for extension. It is understood that all such payment(s) shall be earned upon receipt and added to the purchase price.

Appears in 3 contracts

Samples: Agreement for the Sale (Cedar Income Fund LTD /Md/), Agreement (Cedar Income Fund LTD /Md/), Agreement (Cedar Income Fund LTD /Md/)

AutoNDA by SimpleDocs

Extension of Closing Date. Buyer The Purchaser may unilaterally extend the time for Closing for a period up to thirty days by paying to Seller, in advance of the extension, an extension fee (30herein, the "Extension Fee") days, provided Buyer provides Seller written notice specifying in the reason for extension amount of Closing no later than ten Ten Thousand Dollars (10) days $10,000). The Extension Fee must be paid prior to the initial Closing date previously scheduledof July 14, 1998, shall not be refundable, and provided payments to Seller are made of Two Thousand Five Hundred ($2,500.00) Dollars per day for each additional day required for extension. It is understood that all such payment(s) shall be earned upon receipt in addition to and added to not credited toward the purchase pricePurchase Price.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Solar Satellite Communication Inc), Stock Purchase Agreement (Satellite Investment Group LLC)

Extension of Closing Date. Buyer may unilaterally Purchaser shall have a unilateral right to extend the time Closing Date for Closing for a period up to thirty (30) daysdays (a “Closing Extension”), provided Buyer provides Seller by providing written notice specifying the reason for extension of Closing no later than ten to Seller at any time three (103) business days prior to the date previously scheduledoriginally scheduled Closing Date, and provided payments to Seller are made making the Additional Deposit with Title company within three (3) business days after Purchaser’s exercise of Two Thousand Five Hundred ($2,500.00) Dollars per day for each additional day required for extension. It is understood that all such payment(s) shall be earned upon receipt and added to the purchase priceClosing Extension.

Appears in 1 contract

Samples: Purchase Agreement (Cryo Cell International Inc)

AutoNDA by SimpleDocs

Extension of Closing Date. Buyer may unilaterally shall have the right and option to extend the time Closing Date for Closing for a period up to thirty two (302) daysconsecutive extensions of six (6) months each (each, provided an “Extension”). To exercise an Extension, Buyer provides Seller shall deliver written notice specifying the reason for extension to Seller a minimum of Closing no later than ten (10) days Business Days prior to the date previously scheduledClosing Date (or, and provided payments to Seller are made of Two Thousand Five Hundred ($2,500.00) Dollars per day for each additional day required for extension. It in the event the first Extension is understood that all such payment(s) shall be earned upon receipt and added exercised, prior to the purchase priceextended Closing Date).

Appears in 1 contract

Samples: Real Estate Disposition and Development Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.