CONDITIONS TO CLOSING BY THE LESSEE Sample Clauses

CONDITIONS TO CLOSING BY THE LESSEE. The obligation of the Lessee pursuant to Section 2 (i) to cause Enserch Holdings to lease the Undivided Interest to the Grantor Trustee and to transfer all of its right, title and interest in and to the Head Lease to the Lessee, (ii) to assume all of the obligations of Enserch Holdings under the Head Lease and (iii) to sublease the Undivided Interest from the Grantor Trustee and take the other actions contemplated by Section 2 to be taken by it on the Closing Date are subject only to the fulfillment on the Closing Date to the satisfaction of or waiver by the Lessee of each of the following conditions precedent, except that the obligations of the Lessee shall not be subject to the Lessee's or Enserch Holdings' own performance or, if Enserch Holdings or the Lessee shall have the power to cause another Person to perform, Enserch Holdings' or the Lessee's failure to cause such performance:
Sample 1Sample 2
AutoNDA by SimpleDocs
CONDITIONS TO CLOSING BY THE LESSEE. The obligations of the Lessee pursuant to Section 2 (i) to sell, quitclaim and transfer its right, title and interest in the Undivided Interest to the Lessor and (ii) to lease the Undivided Interest from the Lessor and take the other actions contemplated by Section 2 to be taken by it on the Closing Date are subject only to the fulfillment on the Closing Date to the reasonable satisfaction of (including, with respect to writings, such writings being in form and substance reasonably satisfactory to it) or waiver by the Lessee of each of the following conditions precedent, except that the obligations of the Lessee shall not be subject to the Lessee’s own performance or, if the Lessee shall have the power to cause another Person to perform, the Lessee’s failure to cause such performance:
Sample 1

Related to CONDITIONS TO CLOSING BY THE LESSEE

  • Conditions to Closings Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions:

  • Conditions to Closing Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions:

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Conditions to Close Escrow shall not close unless and until the following conditions precedent and contingencies have been satisfied or waived in writing by the party for whose benefit the conditions have been included:

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received.

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • Seller's Conditions to Closing The obligations of the Seller under this Agreement shall be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

  • CONDITIONS TO CLOSING OF COMPANY The Company's obligation to sell and issue the Shares at the Closing is, at the option of the Company, subject to the fulfillment or waiver of the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.