The fine concerns inflated commissions charged to more than 90 customers from November 1999 to March 2000, just as Chase Manhattan was closing its purchase of the San Francisco-based firm.

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We are on a pre sale agreement and could not purchase insurance till closing.

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The parties to the Transaction have made customary representations and warranties, and covenants, including with respect to the conduct of the Education Business during the interim period between the execution of the Purchase Agreement and the Closing.

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Unless these mortgage approval land mines are fully vetted in the preliminary approval process, purchase contracts live in fear of never closing.

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The purchase contract provided that the existing house would be torn down and completely removed from the property before the closing date.

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