Examples of Initial Scheduled Closing Date in a sentence
Buyer shall have the option, in its sole and absolute discretion, to require that the Close of Escrow occur earlier than the Initial Scheduled Closing Date or the Rescheduled Closing Date (defined in Section 6.2 below) by giving written notice thereof to Seller and Escrow Holder.
Notwithstanding the foregoing, Seller shall have the right, by delivering notice to Purchaser not later than three (3) Business Days before the Initial Scheduled Closing Date, as applicable, to adjourn such closing date to a date (the "SELLER ADJOURNED CLOSING DATE") not later than thirty (30) days after the Initial Scheduled Closing Date, such right being in addition to any other right provided for in this Agreement for Seller to extend or adjourn the Closing Date (as hereinafter defined).
Notwithstanding Section 6.1 above, Buyer shall have the option (“Extension Option”) to extend the Initial Scheduled Closing Date for an additional thirty (30) days (“Rescheduled Closing Date”), in Buyer's sole and absolute discretion, by providing written notice to Seller of such election prior to the Initial Scheduled Closing Date.
The Initial Scheduled Closing Date, as same may be adjourned pursuant to the First Extension Date and Second Extension Date, is referred to herein as the “Closing Date”.
On or before the twentieth day preceding the Initial Scheduled Closing Date, Seller shall provide Purchaser with a good faith assessment of whether Seller will be unable to satisfy any of the conditions to Closing set forth in Section 6.1 and the circumstances surrounding such potential inability; provided, however, that Seller's estimate shall not in any way impair Seller's right to extend or adjourn the Closing beyond the Initial Scheduled Closing Date.
Subject to the remainder of this Section, the Closing shall take place at the office of Carlsmith Ball, Pacific Tower, Suite 2200, 1001 Xxxxxx Xxxxxx, Honolulu, Hawaii 96813, at and as of 11:00 AM, H.S.T. on Friday, July 30, 1999, or at such other time, date or place as may be mutually agreed upon by Seller and Purchaser (the "Initial Scheduled Closing Date").
Notwithstanding Section 6.1 above, Buyer shall have the option (“Extension Option”) to extend the Initial Scheduled Closing Date for an additional thirty (30) days (“Rescheduled Closing Date”), in Buyer’s sole and absolute discretion, by providing written notice to Seller of such election prior to the Initial Scheduled Closing Date.