Closing Office definition
Examples of Closing Office in a sentence
Each Lender will make the amount of its Loan or Loans available to Agent, at the Closing Office, before 1:00 p.m. Closing Office Time on the date specified in the Notice of Borrowing in same day funds.
All documents, agreements, instruments, certificates, financial statements, legal opinions, analyses, reports and other papers required to be delivered by this Section 6B shall be in form and substance satisfactory to Agent and shall be delivered (with sufficient copies for each of Lenders) to Agent at its Closing Office or as Agent may otherwise direct.
Immediately after signing this Agreement, Seller and Purchaser shall cooperate to cause the Closing Office to prepare and issue a preliminary title report for the Property (“PTR”).
As of the Closing, all property taxes shall be prorated by the Closing Office between Seller and Purchaser, and paid by Seller and Purchaser on the basis of such proration.
As of the effective time of the Closing, Office Employees who accept the BUYER’s offer of employment (the “Transferred Employees”) will become employees of the BUYER and will cease to be employees of the SELLER.
Each such conversion shall be effected by Borrower giving Agent written notice thereof (a "Notice of Conversion") on or prior to 11:00 a.m. (Closing Office time) at least three Business Days prior to a Payment Date, specifying the amount of Loans to be converted and whether such Loans are Acquisition Loans or Working Capital Loans.
Such proceeds shall be made available to Borrower (subject to Section 2.2(d)) by Agent, in the same type of funds received by Agent, at the Closing Office against delivery to Agent for the account of each Lender of such instruments, documents and papers as are provided for herein; provided that Agent may pay on behalf of Borrower the portion of any Utilization Fee borrowed in connection with any such Loan directly to Lenders entitled thereto.
The provisions of this Section 11 shall constitute the joint instructions of the Parties to the Closing Office.
Each Lender will make the amount of its Loan or Loans available to the Agent, at the Closing Office, before 1:00 p.m. Closing Office Time on the date specified in the notice for the proposed borrowing in same day funds.
Such proceeds shall be made available to the Borrower (subject to Section 2.2(c)) by the Agent, in the same type of funds received by the Agent, at the Closing Office against delivery to the Agent for the account of each Lender of such instruments, documents and papers as are provided for herein.