Common use of Conditions Precedent to Obligation of Each Party to Close Clause in Contracts

Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable party:

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Amoco Corp), Purchase and Sale Agreement (Hs Resources Inc), Purchase and Sale Agreement (Coho Energy Inc)

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Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated Parties shall, subject to waiver or satisfaction of the conditions to Closing set forth in Articles 15.1 and 15.2, consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived in writing by the applicable partyboth Parties:

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Apache Corp), Purchase and Sale Agreement (Apache Corp)

Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated Parties shall, subject to satisfaction or waiver of the conditions to Closing set forth in Articles 12.1 and 12.2, consummate the sale and purchase of the Acquired Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable partyboth Parties:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Callon Petroleum Co)

Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated Parties shall, subject to satisfaction or waiver of the conditions to Closing set forth in Articles 15.1 and 15.2, consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable partyboth Parties:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Callon Petroleum Co)

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Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated Parties shall, subject to satisfaction or waiver of their respective conditions to Closing set forth in Articles 15.1 and 15.2, consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or such conditions have been waived in writing by the applicable partyboth Parties:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Conditions Precedent to Obligation of Each Party to Close. The parties shall be obligated Parties shall, subject to satisfaction or waiver of their respective conditions to Closing set forth in Articles 15.1 and 15.2, consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable partyboth Parties:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apache Corp)

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