Common use of Completion Steps Clause in Contracts

Completion Steps. 8.3.1 On the Completion Date the following steps and actions shall be executed in the order set out below, to the extent not already executed prior to Completion: (a) the Purchaser and the Seller shall confirm in writing the satisfaction, or waiver as the case may be, of the Conditions Precedent. (b) the Purchaser shall pay or cause to be paid an amount equal to the Completion Amount to the Notary Account in accordance with Clause 8.5; (c) each Party shall take (or have taken), or procure to be taken, the actions listed in relation to it or its Affiliates in Part 1 of Schedule 5 in the sequence set out therein (together: “Completion”) 8.3.2 Completion shall be deemed effected no sooner than all such steps and actions as referred to in Clause 8.3.1 and Part 1 of Schedule 5 having been completed or, as the case may be, waived by the relevant Party. 8.3.3 The effectiveness of each of the actions taken by or on behalf of a Party is conditional upon the occurrence of the actions preceding such action either in Clause 8.3.1 or Part 1 of Schedule 5 having been completed.