Common use of Completion Conditions Clause in Contracts

Completion Conditions. 8.1 Each Party’s obligation to complete the sale and purchase of the Shares following the Buyer’s exercise of the Option in accordance with clause 5.2 of this Agreement is conditional on the following (the “Completion Conditions”): (a) the BCA Closing having occurred; (b) the other Party not being in material breach of its obligations under the Agreement at the time of Completion; and (c) no material breach of the Seller’s Warranties existing at the time of Completion, except that the Seller may not invoke the condition set out in this clause 8.1 (c). Each Party may waive any of the completion conditions set out in this clause 8.1. 8.2 Each of the Parties shall use reasonable efforts to promptly take or cause to be taken all actions necessary or advisable under applicable law and regulations to consummate and make effective the sale and purchase of the Shares.

Completion Conditions. 8.1 7.1 Each Party’s obligation to complete the sale (i) NewCo Assets Transfer and purchase of the (ii) Shares Transfer, following the Buyer’s exercise of the Share Purchase Option in accordance with clause 5.2 of this Agreement is conditional on the following (the “Completion Conditions”): (a) the The BCA Closing having occurred; (b) the other Party not being in material breach of its obligations under the Agreement at the time of Completion; and (c) no material breach of the Seller’s Warranties existing at the time of Completion, except that the Seller may not invoke the condition set out in this clause 8.1 7.1 (c). Each Party may waive any of the completion conditions set out in this clause 8.17.1. 8.2 7.2 Each of the Parties shall use reasonable efforts to promptly take or cause to be taken all actions necessary or advisable under applicable law and regulations to consummate and make effective the sale NewCo Assets Transfer and purchase of the SharesShares Transfer.