Common use of Simultaneous Actions Clause in Contracts

Simultaneous Actions. The Parties acknowledge and declare that, for the purposes of this Agreement, none of the obligations provided for in Section 7.3 below, to be complied by the Parties on the Trademarks Closing Date, shall be deemed as perfect and fulfilled unless all the other obligations referred to in Section 7.3 shall have been fully, properly and simultaneously complied with on the Trademarks Closing Date.