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"If the closing is delayed, you may have to relock the interest rate and pay the cost of relocking," Mr. Weinstein said, adding that with new construction, commitments issued by lenders may be conditional.
William Selsberg, a Stamford, Conn., real estate lawyer, said that one way to encourage a buyer or seller to close as near to the closing date as possible, without taking the risk of making time of the essence, is to include a clause that provides for penalties for each day the closing is delayed.
The only drawback observed is that valve closing is delayed as the engine speed increases.
Similar(51)
The closing was delayed by about four months during which two prospective tenants backed out and mortgage rates rose.
The seller wanted Ms. Jensen to pay the fees for a bridge loan if the closing was delayed.
Tapes were played of the two men talking before the deal was announced and after the deadline for closing was delayed.
The close was delayed for more than an hour after problems at the stock exchange.
The Dynegy deal is expected to close sometime next year, and the disclosures yesterday indicate that Enron may face challenges in meeting its obligations before then, particularly if the closing of the deal is delayed.
This finding suggests that the replacement of cartilage with mineralized bone close to the amputation site is delayed with respect to other regenerating skeletal elements (Stock et al. 2003).
Even with the approval, the deal's closing could be delayed.
The case has not been heard, so the ban on signing and the academy's closing have been delayed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com