Condition to Obligations of Purchaser. The obligations of Purchaser to close the transactions contemplated hereby are subject to the satisfaction of the following condition: The representations and warranties made by Sellers in Section 4 hereof shall be true and correct when made, and shall be true and correct in all material respects on the Closing Date with the same force and effect as if they had been made on and as of said date.
Condition to Obligations of Purchaser. The obligations of Purchaser and Merger Sub to effect the Merger shall be subject to the fulfillment at or prior to the Effective Time of the following additional condition, which may be waived by Purchaser:
Condition to Obligations of Purchaser. The obligations of Purchaser under this Agreement are subject, at the option of Purchaser, to the satisfaction of the following conditions:
Condition to Obligations of Purchaser. The obligations of ISSUER to close the transactions contemplated hereby are subject to the satisfaction of the following conditions:
Condition to Obligations of Purchaser. The obligation of Purchaser ------------------------------------- to consummate the purchase of the Shares at the Closing shall be subject to the performance, in all material respects, on or prior to the Closing Date, of all of the covenants and agreements as set forth elsewhere in this Agreement to be performed by Sellers, and upon the following additional conditions:
Condition to Obligations of Purchaser. The obligation of Purchaser to close under this Agreement is subject to the satisfaction at or prior to the Closing Date of the following conditions precedent, unless waived by Purchaser:
Condition to Obligations of Purchaser. The obligations of Purchaser to close the transactions contemplated hereby on Closing Date are subject to the satisfaction of the terms set out in Section 3.04 and the following condition: Purchaser shall have the right to conduct such inspections and investigations of Seller's business and operations, as Purchaser deems necessary. In the event Purchaser, in its sole discretion, determines that the purchase contemplated herein is not in its best interests, Purchaser shall have the right to cancel this agreement and upon a return by Seller of the Xxxxxxx Money this agreement shall be null and void. It is agreed that Seller shall deliver clear title to the oil and gas leases, that a copy of the title report will be provided as part of this agreement, that Purchaser has the right to cancel the transaction in the event title is not clear and or title insurance can not be obtained. It is agreed that Seller will provide to Purchaser all log reports, geological reports, production runs and other information necessary to the operation of the field. Seller shall deliver to Purchaser an income and expense statement which reflects the production, expenses and operations for the past 90 days of operation.
Condition to Obligations of Purchaser. The obligations of Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Purchaser’s waiver, at or prior to the Closing of the following condition: i. The representations and warranties of the Company contained herein shall be true and correct in all respects as of the Closing with the same effect as though made at and as of such time. (b).
Condition to Obligations of Purchaser. The obligations of Purchaser to close the transactions contemplated hereby are subject to the satisfaction of the following condition: The representations and warranties made by Seller in Section 4 hereof shall be true and correct when made, and shall be true and correct in all material respects on the Closing Date with the same force and effect as if they had been made on and as of said date. The Acquired Assets shall not have been adversely affected in any material way prior to the Closing Date. Seller shall have delivered the original share certificates evidencing and constituting the ownership of the Acquired Assets, as well as any documentation required to properly transfer said share certificates, to attorney Xxxx X. Xxxxxxxx, counsel for both parties, who shall act as a facilitator of this transaction, and shall have endorsed said share certificates to Purchaser.
Condition to Obligations of Purchaser. The obligations of Purchaser and Merger Sub to effect the Merger shall be subject to the fulfillment or waiver at or prior to the Effective Time of the following condition: the LLCP Merger Agreement shall have been terminated by the Company.
