Common use of Additional Closing Conditions Clause in Contracts

Additional Closing Conditions. Seller shall, on or before each proposed Purchase Date, inform Buyer of any material adverse change known to Seller in the business or financial condition of any related Obligor since the date of the related offer or of any other circumstance or event known to Seller that would reasonably be expected to have a material adverse effect on the interest of Buyer in the related proposed Purchased Assets or the collectibility of the related proposed Purchased Leases. Buyer shall not be obligated to purchase such Purchased Assets if (i) any circumstance or event exists or has occurred that would reasonably be expected to have a material adverse effect on the interest of Buyer in such Purchased Assets or the collectibility of such Purchased Leases (including, without limitation, the failure of any such Purchased Lease to be an Eligible Lease as of such Purchase Date) or (ii) Seller has breached in any material respect any obligation under this Agreement or any other Transaction Document. On each Purchase Date, Buyer shall duly acknowledge and deliver to Seller a copy of the related Assignment.

Additional Closing Conditions. Seller shall, on or before each proposed Purchase Date, inform Buyer of any material adverse change known to Seller in the business or financial condition of any related Obligor since the date of the related offer or of any other circumstance or event known to Seller that would reasonably be expected to have a material adverse effect on the interest of Buyer in the related proposed Purchased Assets or the collectibility of the related proposed Purchased Leases. Buyer shall not be obligated to purchase such Purchased Assets if (i) any circumstance or event exists or has occurred that would reasonably be expected to have a material adverse effect on the interest of Buyer in such Purchased Assets or the collectibility of such Purchased Leases (including, without limitation, the failure of any such Purchased Lease to be an Eligible Lease as of such Purchase Date) or ), (ii) Seller has breached in any material respect any obligation under this Agreement or any other Transaction DocumentDocument or (iii) the Sale Date has occurred. On each Purchase Date, Buyer shall duly acknowledge and deliver to Seller a copy of the related Assignment.