Extension of Date of Closing. If closing cannot occur by the date of closing due to Consumer 114 Financial Protection Bureau (CFPB) delivery requirements, the date of closing shall be extended for the 115 period necessary to satisfy CFPB delivery requirements, not to exceed 10 days. If extreme weather, act 116 of God, act of terrorism or war ("force majeure") prevents any obligation under this Agreement from 117 being performed or causes the unavailability of insurance, all time periods, including the date of closing, 118 will be extended for the period of time that any of the above prevents performance of any obligation 119 under this Agreement, but in no event more than 5 days after restoration of services essential to the 120 closing process and availability of applicable insurance. If force majeure prevents performance of any 121 obligation under this Agreement for more than 30 days beyond the date of closing, BUYER or SELLER 122 may terminate this Agreement by delivering written notice to the other party. 123 If title evidence or survey reveals any defects which render title unmarketable, or if the Property is not in 124 compliance with governmental regulations/permitting, BUYER or closing agent will have 5 days from 125 receipt of title commitment, survey or written evidence of any permitting/regulatory issue to notify 126 SELLER in writing of such defects. SELLER agrees to use reasonable diligence to cure such defects at 127 SELLER's expense and will have 30 days to do so, in which event this transaction will be closed within 128 10 days after delivery to BUYER of evidence that such defects have been cured but not sooner than the 129 date of closing. SELLER agrees to pay for and discharge all due and delinquent taxes, liens and other 130 monetary encumbrances unless otherwise agreed in writing. If SELLER is unable to convey marketable 131 title, or to cure permitting/regulatory compliance issues, BUYER will have the right to either terminate 132 this Agreement or to accept the Property as SELLER is able to convey, and to close this transaction 133 upon the terms stated herein, which election must be exercised within 10 days after BUYER’s receipt of 134 SELLER’s written notice of SELLER’s inability to cure. 135 4. TITLE EVIDENCE / MUNICIPAL LIEN SEARCH: 136 (A) TITLE EVIDENCE: At least days before date of closing (10 days if left blank), the party paying 137 for the title insurance shall cause the title agent to issue a title insurance commitment for an owner’s 138 policy in the ...
Extension of Date of Closing. Section 3 of the Agreement is hereby amended to change the Date of Closing to February 28, 1997.
Extension of Date of Closing. The Date of Closing shall be August 29, 2000, unless Buyer and Seller shall otherwise agree in writing.
