Conditions of Seller’s Obligation Clause Samples
The "Conditions of Seller’s Obligation" clause defines the specific requirements that must be satisfied before the seller is legally required to complete their part of a transaction, such as delivering goods or transferring property. These conditions may include the buyer securing financing, obtaining necessary regulatory approvals, or fulfilling other contractual commitments. By clearly outlining these prerequisites, the clause protects the seller from being obligated to perform if essential terms are not met, thereby allocating risk and ensuring that both parties are prepared for the transaction to proceed.
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Conditions of Seller’s Obligation. Seller's obligation to sell the Common Shares to Buyer on the Closing Date is subject to the fulfillment prior to or on the Closing Date of the conditions set forth below. In the event that any such condition is not satisfied, Seller shall not be obligated to proceed with the sale of such Common Shares.
Conditions of Seller’s Obligation. Seller’s obligation to effect the transactions contemplated by this Agreement is subject to the satisfaction or waiver as of the Closing of the following conditions precedent:
Conditions of Seller’s Obligation. Seller's obligation to effect the Sale at the Closing is subject to the satisfaction as of the Closing of the following conditions precedent:
Conditions of Seller’s Obligation. At the closing the sellers-shareholders shall release the corporation from any claims except as set forth in Schedule A and as provided for in this agreement. Set forth in Schedule C is a true and correct sales report of the corporation for each of the 80 days prior to the date hereof. In witness whereof, the parties have executed this agreement at ___________________ on the date first above written. /s/ Cesa▇ ▇▇▇▇▇▇ ▇▇▇ Bust▇ ----------------------------- Cesa▇ ▇▇▇▇▇▇ ▇▇▇ Busto Seller-Shareholder ----------------------------- Juan ▇▇▇▇▇▇ ▇▇▇ler-Shareholder AMBASSA HOLDINGS INC., Buyer By: /s/ Attest: /s/ 11/15/96 -------------------------- --------------------------------- President Secretary (corporate seal) EXHIBIT A
Conditions of Seller’s Obligation. Sellers’ obligation to consummate the transactions contemplated by this Agreement is subject to satisfaction of the following conditions on or prior to the Closing Date:
(a) Buyer shall have, in all material respects, performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or on the Closing Date;
(b) Buyer’s representations and warranties contained herein shall have been true and correct in all material respects when made and shall be true and correct in all material respects as of the Closing Date as if then made (or to the extent such representations and warranties speak as of a specified date, they need only be true and correct in all respects as of such specified date), except for changes permitted or contemplated by the terms of this Agreement; and
(c) Since the Effective Date, there shall not have been commenced or threatened against Sellers any Proceeding (i) involving any challenge to, or seeking damages or other relief in connection with, any of the transactions contemplated by this Agreement; or (ii) that may have the effect of preventing, delaying, making illegal, imposing limitations or conditions on or otherwise interfering with any of such transactions.
(d) [Reserved].