Common use of Postponement of the Closing Clause in Contracts

Postponement of the Closing. The Scheduled Closing Date may be postponed from time to time for any reason if Xxxxx City gives the Owner Participant, the Owner Lessor, the Owner Manager, the Lender and the Lease Indenture Trustee a telex, telegraphic, facsimile or telephonic (confirmed in writing) notice of such postponement and notice of the date to which the Closing has been postponed, such notice of postponement to be received by each party no later than 10:00 a.m., New York City time, on the Business Day immediately preceding the Scheduled Closing Date.

Postponement of the Closing. The Scheduled Closing Date may be postponed from time to time for any reason if Xxxxx City gives the Owner Participant, the Owner Lessor, the Owner Manager, the Lender and the Lease Indenture Trustee a telex, telegraphic, facsimile or telephonic (confirmed in writing) notice of such postponement and notice of the date to which the Closing has been postponed, such notice of postponement to be received by each party no later than 10:00 9:00 a.m., New York City time, on the Business Day immediately preceding the Scheduled Closing Date.