Simultaneous Closing; Order of Closing. All of the parties to this Agreement hereby agree that the closings of the Partners Share Exchange, the McDexxxxx Xxxre Exchange and the transactions contemplated by Sections 1, 2.02, 2.05 and 2.06 will each happen simultaneously with the Closing Time and that all of such transactions are contingent upon the occurrence of each other such transaction, the execution and delivery of the Underwriting Agreement, and the entering into by Fabricators of a revolving credit agreement with Hibernia Bank, N.A. and the replacement of all letters of credit guaranteed by McDermott or any affiliate thereof. For the purposes of this Agreement and the Transaction Agreements, these simultaneous closings will be deemed to have occurred in the following order:
