Recordation of Deeds. Upon the Closing, the Closing shall, for all purposes under this Agreement, be deemed to have occurred as of the Transfer Time. The matters and deliveries hereafter described in this Article 13 shall be deemed accomplished concurrently. The recordation of the Deeds shall be accomplished on the Closing Date, if possible, but in any event not later than one (l) day following the Closing and only then provided that the Title Insurer will insure over the gap.
Appears in 2 contracts
Samples: Agreement of Purchase and Sale (Union Plaza Hotel & Casino Inc), Agreement of Purchase and Sale (Union Plaza Hotel & Casino Inc)
Recordation of Deeds. Upon the Closing, the The Closing shall, for all purposes under this Agreement, be deemed to have occurred as of the Transfer Time. The matters and deliveries hereafter described in this Article 13 XI shall be deemed accomplished concurrently. The recordation of the Deeds shall be accomplished on the Closing Date, if possible, but in any event not later than one (l) day Business Day following the Closing Date and then only then provided that the Title Insurer will insure over the gap.
Appears in 2 contracts
Samples: Asset and Land Purchase Agreement (Sun International Hotels LTD), Asset and Land Purchase Agreement (Starwood Hotels & Resorts)
