CONDITIONS OF THE PURCHASER'S OBLIGATION FOR EACH CLOSING Clause Samples
The "Conditions of the Purchaser's Obligation for Each Closing" clause defines the specific requirements that must be satisfied before the purchaser is legally required to complete a closing. These conditions may include the seller fulfilling certain representations and warranties, the absence of material adverse changes, or the delivery of necessary documents. By clearly outlining these prerequisites, the clause protects the purchaser from being obligated to close if key conditions are not met, thereby managing risk and ensuring that the transaction proceeds only when agreed standards are satisfied.
CONDITIONS OF THE PURCHASER'S OBLIGATION FOR EACH CLOSING. Section 8.1(3)(d) is hereby amended to replace the words “if such Closing is the first Closing, the Loaned Employee Agreement, if any” with the words “if applicable with respect to such Closing, the Loaned Employee Agreement;”.
Section 8.1 (3)(h) is hereby amended by replacing the word “first” with the word “second”. First Amending Agreement Section 8.1(3)(i) is hereby amended by replacing the word “first” with the word “second”.
Section 8.1 (3)(k) is hereby amended by adding to the beginning of the sentence the words, “if such Closing is the second Closing,”.
Section 8.1 (11) is hereby amended by inserting the words “with respect to the Products, and/or services provided by the applicable Operations” to the end of the section.
Section 8.1 (13) is hereby amended by deleting “(b)” which immediately follows “Section 5.1(3)”.
Section 8.1 (14) is hereby amended by inserting the words “for the applicable Closing” immediately after the words “Chateaudun Facility”.
CONDITIONS OF THE PURCHASER'S OBLIGATION FOR EACH CLOSING. The Purchaser's obligation to effect, or to cause the Designated Purchasers to effect, a Closing with respect to a Facility or the Design Operations is subject to the satisfaction as of the relevant Closing Date of the following conditions precedent: