Tender at Closing Sample Clauses

Tender at Closing. At the closing, the seller shall deliver to the purchaser certificates representing all of the Units to be purchased, duly endorsed, free and clear of all liens, claims or encumbrances, with evidence of payment of all transfer taxes and fees. In addition, if the seller is an officer or director of the Company, he shall deliver his written resignation as such to the Company concurrently with the delivery of his Unit certificates to the purchaser or purchasers. The purchaser shall deliver to the seller the agreed consideration in the form of either cash or a promissory note of the purchaser, secured by a pledge of such Units and amortizable and payable in equal monthly installments of principal and interest (such interest to be at the prime rate as published in the Wall Street Journal, adjusted at the beginning of each calendar quarter) over a five year period, with payments commencing one month after completion of the purchase and sale hereunder. In connection with the closing, the Company, all Members and their successors and representatives shall take all actions necessary and appropriate to accomplish the purchase and sale of the Units under this Agreement.
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Related to Tender at Closing

  • Funds at Closing Buyer and Seller agree that before the recording can take place, funds provided shall be in one (1) of the following forms: cash, interbank electronic transfer, money order, certified check or cashier’s check drawn on a financial institution located in the State, or any above combination that permits the Seller to convert the deposit to cash no later than the next business day.

  • Escrow Closing Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.

  • Deliveries at Closing At the Closing:

  • At closing (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property.

  • Seller’s Obligations at Closing At Closing, Seller shall:

  • Delivery of Escrow Funds Upon confirmation by Escrow Agent that the following conditions have been satisfied, Escrow Agent shall disburse the Escrow Funds to Recipient in connection with the closing of the purchase of the Property or other interest therein:

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • School Closing In the event that school is closed for any reason and the School District does not require employees to perform services, employees shall be compensated as follows:

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Close of Escrow Provided that the Title Company has not received from Seller or Purchaser any written termination notice as described and provided for in Section 4.5 (or if such a notice has been previously received, provided that the Title Company has received from such party a withdrawal of such notice), when Purchaser and Seller have delivered the documents required by Section 4.3, the Title Company will:

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