Common use of Interdependency Clause in Contracts

Interdependency. (a) The obligations of: (i) the parties in respect of Completion; and (ii) the parties in the Interdependent Sale Agreement in respect of ‘Completion’, as defined in that agreement, will be interdependent. Neither the Seller nor the Buyer is obliged to Complete under this document unless the other is ready, willing and able to Complete under the Interdependent Sale Agreement simultaneously on the Completion Date. (b) All actions at Completion under this document and ‘Completion’ as defined in the Interdependent Sale Agreement will be deemed to take place simultaneously and no delivery or payment under this document at Completion or under the Interdependent Sale Agreement in respect of ‘Completion’ as defined in that agreement will be deemed to have been made, and Completion under this document will not be taken to have occurred, until all such deliveries and payments under this document and under the Interdependent Sale Agreement have been made. (c) If any action which is required to occur at Completion under this document or at ‘Completion’ as defined under the Interdependent Sale Agreement does not occur at Completion then: (i) there is no obligation on any party to take any other such actions; and (ii) to the extent that any such actions have already occurred, the parties must do everything reasonably required to reverse those actions, including returning any delivery or payment, in each case without prejudice to any other rights that any party may have in respect the action not having occurred. Share Sale and Purchase Agreement | 18 (d) Termination of this document by the Buyer in accordance with its terms before Completion will entitle the Buyer to terminate the Interdependent Sale Agreement. Termination of this document by the Seller in accordance with its terms before Completion will entitle the Seller to terminate the Interdependent Sale Agreement. (e) Termination of the Interdependent Sale Agreement in accordance with its terms by the Buyer before Completion will entitle the Buyer to terminate this document. Termination of the Interdependent Sale Agreement in accordance with its terms by the Seller before Completion will entitle the Seller to terminate this document.

Interdependency. (a) The obligations of: (i) the parties in respect of Completion; and (ii) the parties in the Interdependent Sale Agreement in respect of ‘Completion’, as defined in that agreement, will be interdependent. Neither the Seller nor the Buyer is obliged to Complete under this document unless the other is ready, willing and able to Complete under the Interdependent Sale Agreement simultaneously on the Completion Date. (b) All actions at Completion under this document and ‘Completion’ as defined in the Interdependent Sale Agreement will be deemed to take place simultaneously and no delivery or payment under this document at Completion or under the Interdependent Sale Agreement in respect of ‘Completion’ as defined in that agreement will be deemed to have been made, and Completion under this document will not be taken to have occurred, until all such deliveries and payments under this document and under the Interdependent Sale Agreement have been made. (c) If any action which is required to occur at Completion under this document or at ‘Completion’ as defined under the Interdependent Sale Agreement does not occur at Completion then: (i) there is no obligation on any party to take any other such actions; and (ii) to the extent that any such actions have already occurred, the parties must do everything reasonably required to reverse those actions, including returning any delivery or payment, in each case without prejudice to any other rights that any party may have in respect the action not having occurred. Share Sale and Purchase Agreement | 18. (d) Termination of this document by the Buyer in accordance with its terms before Completion will entitle the Buyer to terminate the Interdependent Sale Agreement. Termination of this document by the Seller in accordance with its terms before Completion will entitle the Seller to terminate the Interdependent Sale Agreement.. Share Sale and Purchase Agreement | 22 (e) Termination of the Interdependent Sale Agreement in accordance with its terms by the Buyer before Completion will entitle the Buyer to terminate this document. Termination of the Interdependent Sale Agreement in accordance with its terms by the Seller before Completion will entitle the Seller to terminate this document.