Procedure for Closing. If Buyer shall not timely elect to terminate this Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage. In the case of damage or casualty, at Buyer’s election, Seller shall repair and restore the Property to its condition immediately prior to such damage or casualty and shall assign to Buyer all excess insurance proceeds.
Procedure for Closing. If Buyer shall not timely elect to terminate this Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage.
Procedure for Closing. 5.1 At the Closing Date, the purchase and sale shall be consummated after satisfaction of all conditions precedent set forth in Article VI, by Sellers' common stock certificates for the Purchase Shares being delivered upon, duly executed, for 2,250,000 shares of common stock to be held in escrow under the Pledge Agreement and the delivery of the Consideration to Sellers from the Buyer, together with delivery of all other options, agreements, stock powers, warranties, and representations set forth in this Agreement.
Procedure for Closing. If Buyer shall not timely elect to terminate this Contract under Section 13.2 above, or if the loss, damage or condemnation is not substantial, Seller agrees to pay to Buyer at the Closing all insurance proceeds or condemnation awards which Seller has received as a result of the same, plus an amount equal to the insurance deductible, and assign to Buyer all insurance proceeds and condemnation awards payable as a result of the same, in which event the Closing shall occur without Seller replacing or repairing such damage. In the case of damage or casualty, at Buyer’s election and to the extent practical, Seller shall repair and restore the Property to its condition immediately prior to such damage or casualty and shall assign to Buyer all excess insurance proceeds. Seller shall have right to place any damaged portion of the Improvements in a safe condition and receive a credit on the deductible or insurance for the reasonable amounts so spent. The rights and remedies of Buyer under this Article XIII are subject to the rights of the holder of the Existing Loan. In the event the law of the state where the Hotel is located affords other rights and remedies for a casualty or condemnation beyond those expressly set forth herein, Buyer expressly waives any such other rights and remedies.
Procedure for Closing. At or prior to Closing, the following will occur:
Procedure for Closing. 12 4.1 Time and Place of Closing................................................ 12 4.2 Transactions at the Closing.............................................. 12 4.3 Conveyance of Title to Real Property..................................... 15 4.4 Survey and Inspection of Property........................................ 16 4.5
Procedure for Closing a position by a Forex company with insufficient margin support for a client to maintain an open position
Procedure for Closing. The closing of the transaction contemplated by this Agreement shall be held on January 10, 2008 at 1:00 p.m. EST, or such other place, date and time as the parties hereto may otherwise agree (such date to be referred to in this Agreement as the "Closing Date").
Procedure for Closing. The closing of the transactions contemplated by this Agreement (the “Closing”), shall be held on or before January 20, 2006, at the offices of Purchaser’s counsel, Xxxxxxx X. Xxxxxxx, Esq., P.C., Xxx Xxxx Xxxxx, Xxxxx #000, Xxxx Xxxxxx, XX 00000, or such other place, date and time as the parties hereto may otherwise agree (such date to be referred to in this Agreement as the “Closing Date”).
Procedure for Closing. The closing of the transactions contemplated by this Agreement (the "Closing"), shall be held at such place as is agreed upon by the parties hereto on or before the _(8)_ day of (9) , (10) , (such date to be referred to in this Agreement as the "Closing Date").
