Common use of Condition for Completion Clause in Contracts

Condition for Completion. Notwithstanding anything to the contrary contained herein and without prejudice to clause 6. 1.1 above, the Completion shall only take place upon fulfilment of all of the following conditions (or upon Swift Profit has given, in its absolute discretion, a written waiver thereof to the Promissory Sellers) : (a) the GOVERNMENT has authorised the revision of the LAND LEASE GRANT as mentioned in Clause 5.2 above; (b) SWIFT PROFIT is satisfied with the results of the due diligence review as mentioned in Clause 9 below in all material respect; and (c) All the PROMISSORY SELLERS’ WARRANTIES remain true and accurate in all material respect at the time of Completion; In case any of the above conditions is not fulfilled on or before 27th January 2007, Swift Profit may either : (i) by immediate written notice to the Promissory Seller to terminate this Promissory Agreement; or (ii) by written notice specify another date of Completion allowing further reasonable time for fulfilment of such unfulfilled conditions; or (iii) by giving a written notice of waiver of such unfulfilled conditions to the PROMISSORY SELLERS and proceed with the Completion accordingly

Condition for Completion. Notwithstanding anything to the contrary contained herein and without prejudice to clause 6. 1.1 6.1.1 above, the Completion shall only take place upon fulfilment of all of the following conditions (or upon Swift Profit has given, in its absolute discretion, a written waiver thereof to the Promissory Sellers) : (a) the GOVERNMENT has authorised the revision of the LAND LEASE GRANT as mentioned in Clause 5.2 above; (b) SWIFT PROFIT is satisfied with the results of the due diligence review as mentioned in Clause 9 below in all material respect; and (c) All the PROMISSORY SELLERS’ WARRANTIES remain true and accurate in all material respect at the time of Completion; In case any of the above conditions is not fulfilled on or before 27th January 2007, Swift Profit may either : (i) by immediate written notice to the Promissory Seller to terminate this Promissory Agreement; or (ii) by written notice specify another date of Completion allowing further reasonable time for fulfilment of such unfulfilled conditions; or (iii) by giving a written notice of waiver of such unfulfilled conditions to the PROMISSORY SELLERS and proceed with the Completion accordingly