Common use of Conditions Precedent to Obligation of Sellers Clause in Contracts

Conditions Precedent to Obligation of Sellers. The obligations of Sellers to sell, transfer, convey and deliver the Assets and to consummate the Non-License Transfer or to proceed with the Closing, as applicable, are subject to the satisfaction (or waiver in writing by Sellers) at or prior to the Non-License Transfer or the Closing, as applicable, of each of the following conditions:

Appears in 2 contracts

Sources: Asset Purchase Agreement (STC Broadcasting Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc)