Delays in Closing Sample Clauses

Delays in Closing. Section 6.4.2 of the Lease Agreement is hereby deleted and the following is inserted in its place:
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Delays in Closing. The Closing shall occur on April 1, 1998. Lessee shall have no right to close the purchase of the Property absent simultaneously closing the purchase of (i) the land and improvements covered by the second building lease between Lessor and Lessee dated May 8, 1987, as amended by letter dated January 12, 1988, Addendum of 1987 (undated) and amendments dated July 28, 1988, September 13, 1991, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Second Lease") and (ii) the land and improvements covered by the third building lease between Principal Mutual Life Insurance Company and Petula Associates, Ltd., together as lessor, and Lessee, as lessee, dated July 28, 1988, as amended by amendments dated July 28, 1989, September 13, 1991, December 2, 1992, April 5, 1993, September 30, 1997 and of even date with this Amendment (collectively, the "Third Lease"). Any failure by Lessee to close the purchase of the land and improvements covered by the Second Lease and Third Lease on April 1, 1998 shall be deemed a rescission of the exercise of the Option to Purchase the Property pursuant to Section 6.
Sample 1
Delays in Closing. The Closing shall occur on April 1, 1998. LESSEE shall have no right to Close the purchase of the Property absent simultaneously closing of the purchase of the land and improvements covered by the Second Lease. Any failure by LESSEE to close the purchase of the land and improvements covered by the Second Lease on April 1, 1998 shall be deemed a rescission of the exercise of the Option to Purchase the Property pursuant to Section 6.8 below.
Sample 1
Delays in Closing. The Closing shall occur on June 1, 1999.
Sample 1
Delays in Closing. If the completion of the Unit or the condominium project is delayed by reason of strikes, walkouts, lockouts or other labour disputes in the construction industry or allied trades, unexpected contingencies such as inclement weather, delays in receiving product/materials, international/domestic shipping delays, delays resulting from the lawful requirement in the Municipality or other paramount authority, delays incidental to the installation of public utilities or public utility easements or municipal easements, acts of God, fire or other causes reasonably beyond the ability of the Vendor to foresee or control, then the Vendor shall be allowed a period of grace of one hundred and eighty (180) days following the Closing Date to substantially complete the Unit; but if in the sole discretion of the Vendor, completion of the Unit is not possible within such period of grace, the Vendor may cancel this Agreement and all deposit moneys shall be returned to the Purchaser without interest or penalty and without liability to the Vendor for any expenses incurred or damages sustained by the Purchaser. Notwithstanding the foregoing, the Vendor covenants to use all reasonable exertion and skill to meet the aforesaid completion date. If the Vendor should decide to make use of the aforesaid grace period, the Closing Date shall be delayed accordingly. The Vendor shall not be responsible for any costs incurred by the Purchaser including changes in the interest rate which the Purchaser has been committed by their lending institution.
Sample 1

Related to Delays in Closing

  • The Merger Closing (a) As soon as reasonably practicable on the Closing Date, the Company and Merger Subsidiary shall execute and file articles of merger with the Department of Financial Institutions of the State of Wisconsin and make all other filings or recordings required by the WBCL to be made in connection with the Merger. The Merger shall become effective at such time as the articles of merger are duly filed with the Department of Financial Institutions of the State of Wisconsin or, if agreed to by the Company and Parent, at such later time as is specified in the articles of merger (the "Effective Time").

  • Merger Closing The Merger shall have been consummated.

  • Option Closing To the extent the Option is exercised, delivery of the Option Securities against payment by the Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Notice.

  • Events Prior to Closing (a) Upon execution hereof or as soon thereafter as practical, management of AAI and QMT shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced hereinbelow.

  • Time of Closing The closing of the Loan shall take place on execution of this Loan Agreement.

  • The Merger Closing Effective Time 9 2.1 The Merger. 9 2.2 Closing. 9

  • Pre-Closing Promptly upon the execution of this Agreement, Seller shall notify the Manufacturer regarding the transactions contemplated by this Agreement. Buyer (or its affiliate) shall promptly apply to the Manufacturer for the issuance of a contractual right to operate an automobile dealership upon the Premises. The Parties shall use commercially reasonable best efforts to obtain Manufacturer approval as soon as possible. Seller shall promptly provide the requisite information, documents and access necessary to prepare for Closing and ensure a seamless operational transfer of the Assets. Effective as of the Closing, Seller shall terminate its Dealer Sales and Service Agreements with the Manufacturer relative to the Dealership location and execute and deliver all of the Manufacturer’s customary documents and promptly remove Manufacturer’s intellectual property from all publicly visible Excluded Assets in every form and medium (i.e., retained internet sites, signs, etc.). Seller shall fully cooperate with Buyer, and take all reasonable steps to assist Buyer, in Buyer’s efforts to obtain its own similar Dealer Sales and Service Agreements with the Manufacturer. All actions to be taken at the Closing pursuant to this Agreement will be deemed to have occurred simultaneously, and no action, document or transaction will be deemed to have been taken, delivered or effected, until all such actions, documents and transactions have been taken, delivered or effected. Promptly after the Closing, Seller shall transfer to Buyer certificates of title or origin for all vehicles and all of its registration lists, owner follow-up lists and service files on hand as of the Closing, provided that such lists and files relate to the Assets. If Seller presents assets for purchase post-Closing that would have otherwise been Assets, then such assets may be purchased at a mutually agreed to price or otherwise retained by Seller. Buyer is not required to submit an offer. This does not apply to in-transit vehicles from the Manufacturer. Buyer shall retain and safeguard the pre-Closing customer paper deal jackets retained by Buyer in accordance with law, and, until Buyer destroys such records in accordance with company policy in effect from time to time, Seller shall have reasonable access to Seller’s pre-Closing customer records (e.g., paper deal jackets) and any records related to Assigned Contracts after the Closing for any legitimate purpose, such as (by way of example and not by limitation) for resolving customer inquiries.

  • COVENANTS PRIOR TO CLOSING 37 7.1 Access and Cooperation; Due Diligence...........................37 7.2 Conduct of Business Pending Closing.............................38 7.3

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • Closing and Effective Time of the Merger The closing of the Merger (the “Closing”) will take place at 10:00 a.m., Boston, Massachusetts time, on the fifth (5th) Business Day following the satisfaction or waiver of all of the conditions set forth in Article 6 (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment or waiver of those conditions at the Closing), at the offices of Xxxxxx & Xxxxxxx LLP, 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, unless another time, date or place is agreed to in writing by the parties hereto. The date on which the Closing actually occurs is referred to herein as the “Closing Date”. At the Closing, the Company shall cause an appropriate certificate of merger or other appropriate documents (the “Certificate of Merger”) to be executed, acknowledged and filed with the Secretary of State of the State of Delaware as provided in Section 251 of the DGCL and shall take all such reasonable further actions and make all other filings or recordings required under the DGCL. The Merger shall become effective at the time the Certificate of Merger shall have been duly filed with the Secretary of State of the State of Delaware or such other date and time as is agreed upon by the parties and specified in the Certificate of Merger, such date and time hereinafter referred to as the “Effective Time”.

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