Time on the Closing Date Clause Samples

Time on the Closing Date. Buyer shall be granted full possession and title to the Purchased Assets as of the Closing Date.

Time on the Closing Date. All proceedings to be taken and all documents to be executed and delivered by all parties at the Closing will be deemed to have been taken and executed simultaneously and no proceedings will be deemed to have been taken nor documents executed or delivered until all have been taken, executed and delivered.

Time on the Closing Date. Notwithstanding the provisions of Section 2.9 of the Merger Agreement, all items to be delivered by the Company to Parent pursuant to Section 2.9 of the Merger Agreement, shall be delivered not later than one Business Day prior to Closing.

Time on the Closing Date. All proceedings to be taken and all documents to be executed and delivered by the parties at the Closing will be deemed to have been taken and executed simultaneously (except that Purchaser’s purchase of the Blocker Shares shall be deemed to have occurred immediately prior to Blocker’s purchase of the Holder Units) and no proceedings will be deemed to have been taken nor documents executed or delivered until all have been taken, executed and delivered.

Time on the Closing Date. Each employee of the Company who is offered employment by the Buyer shall be terminated by the Company effective as of 11:59 p.m. Eastern Time on the Closing Date and thereafter employed as a “new hire” by the Buyer. Each such employee hired by the Buyer is referred to herein as a “Transferred Employee.” Any employee of the Company who is not hired by the Buyer may remain an employee of the Seller and may be terminated by the Seller, in its discretion. Nothing contained herein shall be deemed to affect or to limit in any way the prerogative of the Buyer to terminate the employment of any Transferred Employee or to change, modify, suspend or terminate any term of employment (including, any compensation or benefit plan, policy, program or arrangement offered or provided by the Buyer to any Transferred Employee) or to create in, or grant to, any Transferred Employee any third-party beneficiary rights or claims, or any cause of action of any kind or nature.

Time on the Closing Date. The delivery of the Shares to Buyer as provided in this Agreement is a condition to Buyer’s obligations under this Agreement, including its obligations to deliver the Purchase Price. Notwithstanding the foregoing, the parties may elect not to be physically present at a Closing session and effect the Closing through the exchange of documents by PDF files attached to e-mail, facsimile or other electronic transmission, with a subsequent delivery and exchange of original, manually signed documents.

Time on the Closing Date. The Pre-Funded Warrants shall be issued within 2 business days after the date of effectiveness of the Registration Statement.

Time on the Closing Date. If the Members fail to so notify Subsidiary and Parent within such time period, then the Members will be deemed to have fulfilled or waived all Condition(s) Precedent, and all rights of the Members to terminate this Agreement pursuant to this Article VII will be null and void and of no further force or effect.

Time on the Closing Date. For each full or partial day after the Closing Date that Escrow Agent has not received in its account the payment specified in this Contract, Buyer shall pay to Seller one (1) day's interest on the unpaid funds at the rate PER ANNUM equal to the "prime rate" as announced from time to time by THE WALL STREET JOURNAL. The following items shall be prorated and adjusted between Seller and Buyer: