Joint Condition Clause Samples
Joint Condition. The obligations of each party to consummate the transactions provided for in this Agreement are subject to the condition that on the Closing Date there shall be no action, suit or proceeding (other than such an action, suit or proceeding directly or indirectly instituted by a party to this Agreement) shall be threatened or pending, and no injunction, order, decree or ruling shall be in effect, seeking to restrain or prohibit, or to obtain damages or other relief in connection with, the execution and delivery of this Agreement or the consummation of the transactions contemplated by this Agreement.
Joint Condition. The obligation of the Purchaser and the Seller to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or before the Closing Date, of the following condition (any of which may be waived by the mutual agreement between the parties, in whole or in part): there must not be in effect any Law or Judgment that would prohibit or make illegal the consummation of the transactions contemplated by this Agreement or cause the transactions contemplated by this Agreement to be rescinded following consummation.
Joint Condition. The obligation of Seller and Buyer, respectively, to close the transaction contemplated by this Agreement is subject to the satisfaction, at or prior to the date set forth below, of the following condition precedent (the “Joint Condition”):
Joint Condition. A decision of the German Federal Cartel Office (Bundeskartellamt - BKartA) approving the Transaction having been obtained or any relevant waiting period imposed by the German Federal Cartel Office or by German merger control regulations having expired.
Joint Condition. The respective obligation of Seller and Buyer to consummate the Closing is subject to the satisfaction or waiver of the following conditions:
(a) no preliminary or permanent injunction or other Order shall have been issued that would make unlawful the consummation of the Contemplated Transactions; and
(b) no Legal Requirement shall be in effect enjoining or otherwise prohibiting the consummation of the Contemplated Transactions.
Joint Condition. Section 8.2 of the Purchase Agreement (including Sections 8.2.1 and 8.2.2) is hereby deleted in its entirety.