Closing and Consummation Clause Samples
The Closing and Consummation clause defines the process and conditions under which the final steps of a transaction are completed, resulting in the formal transfer of ownership or rights between parties. It typically outlines the date, location, and required deliverables for closing, such as executed documents, payment of purchase price, and satisfaction of any pre-closing conditions. This clause ensures that both parties understand the precise requirements and timing for finalizing the deal, thereby reducing uncertainty and facilitating a smooth transition of assets or interests.
Closing and Consummation. The Closing of the Transactions for the acquisition of the Operational Companies and PCMP in terms of this Agreement shall take place on July 29th, 2005, or on such alternative date as shall be agreed between the Parties prior to July 31st, 2005 (the "CLOSING DATE"), provided that if the Transaction Approvals have not been obtained by that date, then and in such event the Closing shall take place within five (5) Business Days after the date on which the Transaction Approvals will have been obtained (or waived in writing). The Closing shall take place in the offices of PCE located in Budapest, Hungary.
Closing and Consummation. The transfer of the Shares and the assumption of the Obligations shall be consummated simultaneously with the execution of this Agreement or as soon thereafter as possible. The Company shall make delivery to Hafesh of a certificate or certificates representing the Shares made the subject hereof in transferable form together with a certified or cashier's cheek representing the Consideration.
Closing and Consummation. The closing of the Transaction shall take place July 29th, 2004, or on such alternative date as shall be agreed between the Parties prior to July 31st, 2004 (the "CLOSING DATE"), provided that if the Transaction Approvals have not been obtained by that date, then and in such event the Closing shall take place within [five (5)] Business Days after the date on which the Transaction Approvals will have been obtained (or waived in writing). The Closing shall take place in the offices of PCE located in Budapest, Hungary.
Closing and Consummation. 40 8.1 Closing.....................................................40 8.2 Venue.......................................................40 8.3
Closing and Consummation