Miscellaneous Closing Matters Clause Samples
Miscellaneous Closing Matters. Each party shall execute and deliver such other documents that are reasonably required by the other party to evidence the closing and effectuate the intention of the parties to this Agreement; provided, however, that no such document shall impose any material cost or expense or other material obligation on a party that is not provided for in this Agreement.
Miscellaneous Closing Matters. (a) At Closing, the Purchaser shall receive a credit toward the Purchase Price in the amount of $30,096 related to the Eye Consultants Lease for free rent.
(b) Seller’s current first mortgage lender requires a 30-day notice prior to closing, and the closing must occur exactly 30 days after notice. To ensure compliance with this requirement, Purchaser and Seller agree that all executed closing documents must be delivered to Title Company no later than one day prior to the Closing Date. Additionally, Purchaser shall deposit all funds required for Closing with Title Company on the day before the Closing Date. In consideration for Purchaser funding the required funds one day before the Closing Date, Seller agrees to pay to Purchaser an amount equal to one day of interest on the required funds at the interest rate being charged by Purchaser’s lender to Purchaser in connection with Purchaser’s loan to fund the transaction, said rate not to exceed 8% per annum. EXECUTED to be effective as of the Effective Date. YORKTOWN BUILDING HOLDING COMPANY, LLC, a Georgia limited liability company By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇ MD Name: ▇▇▇▇▇ ▇. ▇▇▇▇ MD Title: Chairman/CEO [SEAL]
Miscellaneous Closing Matters