Post Closing Performance. The Parties agree that they shall be -------------------------- obligated to perform certain work pursuant to this Agreement subsequent to Closing, to wit: the Party that undertakes to complete the jxxx and bore under Route 27, the installation of water and sewer lines from the west side of Route 27 to the Premises shall be entitled to reimbursement from the other for any and all authorized capacity that is provided for said Party. Buyer and Seller, as their interests are served, shall be responsible for the cost of the above-described work to the extent they are required by applicable governmental authorities in order for Buyer and Seller to develop the Premises plus any other premises acquired or leased by the Buyer out of land now owned by Seller. Buyer and Seller agree that they shall submit the contract to each other for the provision of such services by a licensed contractor for reasonable review and approval. A Party shall provide its request for additional capacity with the approval. In addition, Buyer shall be responsible for the design, permit and installation of the entrance boulevard as described in Section 3 above. Buyer agrees that it shall pay for the cost of design and permitting for the work described in this section.
Post Closing Performance. On or prior to the date of this Agreement, Seller or its Affiliates has furnished its Sunset Billboards’ joint venture partner with notice with respect to the Sunset Billboards ROFR in accordance with the terms of the Sunset Billboards LLC Agreement (a true and complete copy of which has been provided to Purchaser). Purchaser acknowledges and agrees that Purchaser (a) shall, by virtue of the transactions contemplated hereby, directly or indirectly, acquire the Seller’s or its Affiliates’ equity interests in Sunset Billboards (the “Sunset JV Interests”), subject to the terms and provisions of the Sunset Billboards LLC Agreement, including the Sunset Billboards ROFR, and (b) if the Sunset Billboards ROFR is exercised on or after the Closing, shall, and shall cause its Affiliates to, consummate the transfer of the Sunset JV Interests to such joint venture partner in exchange for the Sunset Billboards ROFR Amount in accordance with the terms and provisions of the Sunset Billboards LLC Agreement.
Post Closing Performance. Following the Closing, if the terms of the Escrow Agreement are not met, and that portion of the Purchase Price being held in escrow is returned to the Buyer as set forth in the Escrow Agreement, then Buyer hereby agrees to transfer the Acquired Assets back to Target. All expenses associated with the return of the Acquired Assets under such circumstances shall be paid by Target.
Post Closing Performance. Notwithstanding anything herein to the contrary, no Default or Event of Default shall arise from the Company’s failure to deliver any item or take any action required by the foregoing Sections 4.4, 4.5, 4.7, 4.8, 4.9 and 4.10 for thirty (30) days following the date of this agreement, provided that any such performance shall be due on the first Business Day following the expiration of such thirty (30) day period.
Post Closing Performance
