Common use of Extension of Deadlines Clause in Contracts

Extension of Deadlines. 4.1 The City and the Purchaser acknowledge and agree that time is of the essence and that the parties intend for this transaction to close on or before the Closing Date. Upon written request by the Purchaser, the City may, at its absolute discretion, extend the deadline for any of the conditions precedent set out in section 2.1 or the Closing Date but the City shall not be obligated to grant any extension or extensions whatsoever. Any extension granted by the City shall only be binding if delivered in writing to the Purchaser.

Appears in 2 contracts

Samples: Real Estate Purchase Contract, Draft Real Estate Purchase Contract

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Extension of Deadlines. 4.1 5.1 The City and the Purchaser acknowledge and agree that time is of the essence and that the parties Parties intend for this transaction to close on or before the Closing Date. Upon written request by from the Purchaserother Party, the City either Party may, at its absolute discretion, extend the deadline for any of the conditions precedent set out in section 2.1 or the Closing Date agree to grant an Extension, but the City neither Party shall not be obligated to grant any extension Extension or extensions Extensions whatsoever. Any extension granted by the City shall only be binding if delivered in writing to the Purchaser.

Appears in 2 contracts

Samples: Real Estate Purchase Contract, Real Estate Purchase Contract

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Extension of Deadlines. 4.1 5.1 The City Town and the Purchaser acknowledge and agree that time is of the essence and that the parties Parties intend for this transaction to close on or before the Closing Date. Upon written request by from the Purchaserother Party, the City either Party may, at its absolute discretion, extend the deadline for any of the conditions precedent set out in section 2.1 or the Closing Date agree to grant an Extension, but the City neither Party shall not be obligated to grant any extension Extension or extensions Extensions whatsoever. Any extension granted by the City shall only be binding if delivered in writing to the Purchaser.

Appears in 1 contract

Samples: Real Estate Purchase Contract

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