At Closing, the Sample Clauses

At Closing, the. Offering Shareholder shall deliver to the Corporation signed resignations of all of its nominees as directors, officers and employees of the Corporation unless waived by the Corporation;
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At Closing, the. Sellers other than the Investors shall remit to the Buyers the Bank Guarantee covering an amount equal to the Guarantee Amount, in order to secure the indemnification obligations of the Sellers other than the Investors pursuant to Clauses 11 and 12 of this Agreement. The Bank Guarantee shall remain valid until the second anniversary of the Closing Date provided that if by that date there have been any Notified Claims which have not been Finally Determined, then the Bank Guarantee shall remain valid to the extent of any undrawn balance thereof in order to cover any such Notified Claims multiplied by the percentage of shareholding in the Company of the Sellers other than the Investors as at Closing Date and until such Notified Claims have been Finally Determined. The Warranty Retention Payment shall be retained by the Buyers at Closing, shall be subject to deductions in accordance with Clause 11.6 and shall bear interest at the rate of 3% per annum (accruing daily on the basis of a 360 day year). Such interest shall be payable by the Buyers to the Investors in proportion to the number of Shares sold by each of them at Closing quarterly in arrears with the first interest payment being made on March 31 2005 in respect of the period since the Closing Date and then on each successive June 30, September 30, and December 31 and March 31 until such time as the Warranty Retention Payment has been paid to the Investors in full or has been reduced to zero. On the second anniversary of the Closing Date any balance of the Warranty Retention Payment shall be paid to the Investors in proportion to the number of Shares sold by each of them at Closing provided that if by that date there have been any Notified Claims which have not been Finally Determined, then the Buyers shall retain a portion of the Warranty Retention Payment to cover the full amount of any Notified Claims multiplied by the percentage of shareholding in the Company of the Investors as at the Closing Date and shall only release such amount as and when such Notified Claims have been Finally Determined. 3.7 All of the Consideration Shares issued to Xxxx-Xxxxxxxx Allier, Bruno Patissier and Xxxxx Xxxxx pursuant to this Agreement will bear a restrictive legend in substantially the following form: ----------------------------------------------------------------------------- 17 <PAGE> THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THE ...
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At Closing, the. Parties shall enter, and MW Italia shall cause the Company, CLN, ArcelorMittal CLN Distribuzione Italia S.r.l., as applicable, to enter into the following commercial agreements (the "Commercial Agreements"):
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Related to At Closing, the

  • At Closing (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property.

  • At the Closing (a) Seller will deliver to Buyer:

  • Company Closing Deliveries At the Closing, the Company shall deliver, or cause to be delivered, to the Purchaser the following:

  • Deliveries at the Closing At the Closing:

  • Purchaser Closing Deliveries At the Closing, Purchaser shall deliver, or cause to be delivered, the following:

  • Deliveries at Closing At the Closing:

  • Purchaser’s Closing Deliveries At the Closing, the Purchaser shall deliver or cause to be delivered to the Vendor the following documents and payments:

  • Purchaser’s Closing Conditions The Purchaser’s obligations to close the transactions described in this Agreement are subject to the satisfaction at or prior to Closing of the following conditions precedent (the “Purchaser’s Closing Conditions”):

  • Conditions to the Closing Date The obligations of each Bank to make the Loans contemplated by subsections 2.1 and 2.2 and of the Issuing Bank to issue Letters of Credit contemplated by subsection 3.1 shall be subject to the compliance by the Company with its agreements herein contained and to the satisfaction, on or before October 1, 2004, of the following conditions:

  • Closing Closing Deliveries (a) The consummation of the transactions contemplated by this Agreement (the “Closing”) will take place on the Closing Date

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