Common use of Closing Condition Clause in Contracts

Closing Condition. The obligations of all of the parties to consummate an Exchange pursuant to this Section 2.1 shall be subject to the condition that there shall be no injunction, restraining order or decree of any nature of any Governmental Entity that is in effect that restrains or prohibits the exchange of Partnership Units for Class A Shares.

Appears in 3 contracts

Samples: Exchange Agreement (Fortress Investment Group LLC), Form of Exchange Agreement (Fortress Investment Group LLC), Exchange Agreement (Fortress Investment Group LLC)

AutoNDA by SimpleDocs

Closing Condition. The obligations of all of the parties to consummate an Exchange pursuant to this Section 2.1 Article VIII shall be subject to the condition conditions that there shall be no injunction, restraining order or decree of any nature of any Governmental Entity that is then in effect that restrains or prohibits the exchange Exchange of Partnership Units for Class A SharesCommon Units.

Appears in 1 contract

Samples: Operating Agreement (Enovation Controls, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.