New york style closing clause samples
5.1Time and Place for Closing.Subject to the satisfaction of each of the conditions precedent herein set forth, the Closing shall take place on that date which is fifteen (15) days after the Loan Assumption Approval Date, at the offices of the Title Company, by means of a so-called New York style closing.The date on which the transactions herein contemplated shall be consummated is herein referred to as the “Closing Date” and the transactions occurring at that time are herein referred to as “Closing.”No party shall be obligated to agree to any date or time for Closing except the date and time herein set forth except at its sole and absolute discretion.
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