Satisfaction of Customary Closing Conditions Sample Clauses

Satisfaction of Customary Closing Conditions. The Authority shall have determined that all other customary conditions to Closing have been satisfied and shall have instructed Escrow Holder to proceed to Closing. When the conditions set forth in Sections A through D above have been satisfied, the Parties shall break escrow and close the Transaction in a customary manner; provided that Escrow Holder shall deliver to the undersigned, on behalf of Authority, four (4) counterpart originals of each of the Authority Documents, two (2) counterpart originals of each of the Estoppel Documents and City Documents to which the Authority is a party, and one photocopy of each of the JV Documents and the other City Documents. At any time prior to Closing, upon request by any Party, Escrow Holder shall return to such Party (or destroy) any documents delivered by such Party to Escrow Holder. Upon release of all documents from Escrow in accordance with these Authority Escrow Instructions, the conditions precedent to the Amendment Effective Date (as defined in the Fifth Amendment) shall be deemed satisfied, and, accordingly, the date that all documents are released from Escrow hereunder shall constitute the “Amendment Effective Date”. Furthermore, as contemplated in the Fifth Amendment, upon the release of all documents from Escrow in accordance with these Authority Escrow Instructions, and delivery to Authority of fully executed copies of the Joint Venture Agreement, CORE Funding Guaranty and Related Funding Guaranty (as defined in the CORE/Related Escrow Instructions), Authority shall be deemed to have approved, as of the Amendment Effective Date, the Net Worth (as defined in the Fifth Amendment) of New Project Owner for purposes of Section 18.1(h) of the Fifth Amendment. Immediately following Closing, you shall cause the Memorandum of Amended Disposition and Development Agreement to be recorded in the Official Records of Los Angeles County, California and deliver conformed copies of the recorded document to the undersigned and to New Project Owner.
Sample 1
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Related to Satisfaction of Customary Closing Conditions

  • Satisfaction of Closing Conditions The Vendors agree to use their best efforts to ensure that the conditions set forth in Section 5.1, and the Purchaser agrees to use its best efforts to ensure that the conditions set forth in Section 5.3, are fulfilled at or prior to the Closing Time.

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Satisfaction of Conditions The conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 shall be conclusively deemed to have been satisfied, waived or released at the Effective Time.

  • Closing Conditions (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3, Borrower shall satisfy each of the items specified in the subsections below:

  • Buyer’s Closing Conditions The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Actions to Satisfy Closing Conditions Each Party shall take all actions as are within its power and otherwise use its commercially reasonable efforts so as to ensure compliance with the conditions set forth in this Section 6.

  • Seller’s Closing Conditions The obligations of Seller under this Agreement are subject, at the option of Seller, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Frustration of Closing Conditions None of the Company, Parent or Merger Sub may rely on the failure of any condition set forth in Section 6.1, Section 6.2 or Section 6.3, as the case may be, to be satisfied if such failure was caused by such party’s failure to use its reasonable best efforts to consummate the Merger and the other Transactions or due to the failure of such party to perform any of its other obligations under this Agreement.

  • Waiver of Closing Conditions Upon the occurrence of the Closing, any condition set forth in this Article V that was not satisfied as of the Closing shall be deemed to have been waived as of the Closing for the applicable Transferred Asset.

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