Postpone Closing Sample Clauses

Postpone Closing. Section 6(c)(ii) is hereby amended and restated as follows:

Postpone Closing. If any Party postpones Closing, this Agreement shall apply as if the postponed Closing were the original Closing, provided however that if Closing has not occurred by February 15, 2011, either Party may terminate this Agreement by written notice to the other Party unless the failure of Closing to occur by such date is the result of a breach by the former Party of its obligations hereunder.

Postpone Closing. (A) Whether or not Seller has then begun to, or ever begins to, cure one or more Asserted Defects (and whether or not Seller has elected options (iii) or (iv) below with respect to one or more Asserted Defects), Seller may postpone the Closing by designating a new Closing Date not later than November 30, 2010. Notwithstanding any such election to postpone Closing, Seller shall still have no obligation to cure Asserted Defects. (B) In the case of an Asserted Defect related to probate proceedings or the lack thereof, if Seller is then-engaged in probate or other judicial proceedings to cure such Asserted Defect, the affected Property shall be excluded from the transaction contemplated hereby and the Purchase Price shall be reduced by the Allocated Amount of the affected Property. At such time when Seller cures such Asserted Defect to Buyer’s reasonable satisfaction, Seller shall convey the affected Property to Buyer, and Buyer shall pay to Seller an amount equal to the Allocated Amount of the conveyed Property. As of the date one (1) year following the date hereof, Seller’s right to cure such Asserted Defect under this subsection (B) shall expire and such property shall remain excluded from the transaction contemplated hereby.

Postpone Closing. If Purchaser postpones Closing, this Agreement shall apply as if the postponed Closing were the original Closing, provided however that if Closing has not occurred by February 15, 2011, then Purchaser may terminate this Agreement by written notice to the other Parties unless the failure of Closing to occur by such date is the result of a breach by Purchaser of its obligations hereunder.