At or before Closing. Borrower shall deliver original binders evidencing the insurance and within 15 days of closing the original or certified policies to Lender, and Borrower shall deliver original or certified renewal policies with satisfactory evidence of payment not less than fifteen (15) days in advance of the expiration date of the existing policy or policies. In the event Borrower and/or its Subsidiaries should, for any reason whatsoever, fail to keep the Property or any part thereof so insured, or to keep said policies so payable, or fail to deliver to Lender the original or certified policies of insurance and the renewals thereof upon demand, then Lender after giving written notice to Borrower of that deficiency and if after 15 days after delivery of such notice, there is still no insurance coverage, then Lender, if it so elects, may itself have such insurance effected in such amounts and in such companies as it may deem proper and may pay the premiums therefor. The Borrower shall reimburse Lender upon demand for the amount of premium paid, together with interest thereon at 15% percent per annum from date until paid.
At or before Closing. Buyer shall forthwith pay to Seller a total sum of HK$387,500 (all inclusive) in cash, towards reimbursement of total costs and disbursements to professional parties appointed by Listco involved in the preparation and execution of, and other matters incidental to, the First Amendment and this Second Amendment, which payment is in addition to and is not part of the Purchase Price.
At or before Closing. Company shall transfer to Seller or a subsidiary of Seller all of the assets held by Company immediately prior to the Closing, except for the Retained Assets described in Section I.B.2, below, (the "Transferred Assets"), and such Transferred Assets shall be available to fund the Account to the extent required by and as described in Section V.G.
At or before Closing. Upon a default by either party in performing its obligations under this Agreement to complete Closing or in a timely fashion to take any action which it is required to take before Closing, the non-defaulting party may, by notifying the defaulting party, declare such default and exercise its rights under the following provisions of this Section.
At or before Closing. Borrower shall deliver original binders evidencing the insurance and within 15 days of closing the original or certified policies to Whitney, and Borrower shall deliver original or certified renewal policies with satisfactory evidence of payment not less than fifteen (15) days in advance of the expiration date of the existing policy or policies. In the event Obligor should, for any reason whatsoever, fail to keep the insurance in place, or to keep said policies so payable, or fail to deliver to Whitney the original or certified policies of insurance and the renewals thereof upon demand, then Whitney after giving written notice to Borrower of that deficiency and if after 15 days after delivery of such notice, there is still no insurance coverage, then Whitney, if it so elects, may itself have such insurance effected in such amounts and in such companies as it may deem proper and may pay the premiums therefor. The Borrower shall reimburse Whitney upon demand for the amount of premium paid, together with interest thereon at 15% percent per annum from date until paid.
At or before Closing. Buyer intends to assign this Contract and the rights of Buyer hereunder to one or more corporations, limited liability companies, or other entities in which Buyer shall be involved in the management, operation and ownership. Buyer agrees to provide written notice of such assignments to Seller no later than January 10, 2010, but such assignment shall not relieve Buyer of its obligations under this Contract. Except for the assignment allowed in the preceding sentence, this Contract is not assignable by Buyer without the prior written consent of Seller, which shall not be unreasonably withheld.
At or before Closing
