Common use of Interdependency Clause in Contracts

Interdependency. 11.1 The parties’ obligations at Completion are interdependent and must be carried out contemporaneously. No delivery or payment will be deemed to have been made until all deliveries and payments under clauses 9 and 10 have been made and all actions under clauses 9 and 10 on Completion will be deemed to take place simultaneously. 11.2 If the Seller or the Buyer does not comply with all of their obligations at Completion, the other party may require, upon which each party must: (a) return every thing delivered, and repay every amount paid, to them at Completion; and (b) do all things necessary to reverse any action taken at Completion.

Interdependency. 11.1 12.1 The parties’ obligations at Completion are interdependent and must be carried out contemporaneously. No delivery or payment will be deemed to have been made until all deliveries and payments under clauses 9 10 and 10 11 have been made and all actions under clauses 9 10 and 10 11 on Completion will be deemed to take place simultaneously. 11.2 12.2 If the Seller or the Buyer does not comply with all of their obligations at Completion, the other party may require, upon which each party must: (a) return every thing delivered, and repay every amount paid, to them at Completion; and (b) do all things necessary to reverse any action taken at Completion.