Common use of Effect of Closing Clause in Contracts

Effect of Closing. Upon the Closing, any condition to the obligations of either Party hereunder that has not been satisfied, or any representation, warranty or covenant that has been breached or left unsatisfied by either Party will be deemed waived by the Parties, and each Party will be deemed to fully release and forever discharge the other Party on account of any and all claims, demands or charges, known or unknown, with respect to the same. Nothing in this Section 9.2 shall be deemed to affect any provision herein which expressly survives the Closing or pertains to matters which will occur after the Closing.

Appears in 5 contracts

Samples: Settlement Agreement (Holyoke Water Power Co), Title Transfer Agreement (Northeast Utilities System), Purchase and Sale Agreement (Somerset Power LLC)

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Effect of Closing. Upon Except as otherwise provided herein, upon ----------------- the Closing, Closing any condition to the obligations in favor of either Party hereunder that has not been satisfied, or any representation, warranty or covenant covenant, that has been breached or left unsatisfied by either Party will be deemed waived by the PartiesParties as of the Closing Date, and each Party will be deemed to fully release and forever discharge the other Party on account of any and all claims, demands or charges, known or unknown, with respect to the same. Nothing in this Section 9.2 provision shall affect or cause to be deemed 045 waived those matters specifically stated to affect any provision herein which expressly survives the Closing survive or pertains to matters which will occur after the ClosingClosing pursuant to this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Boston Edison Co), Purchase and Sale Agreement (Boston Edison Co)

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Effect of Closing. Upon Except as otherwise provided herein, upon ----------------- the Closing, Closing any condition to the obligations in favor of either Party hereunder that has not been satisfied, or any representation, warranty or covenant covenant, that has been breached or left unsatisfied by either Party will be deemed waived by the PartiesParties as of the Closing Date, and each Party will be deemed to fully release and forever discharge the other Party on account of any and all claims, demands or charges, known or unknown, with respect to the same. Nothing in this Section 9.2 provision shall affect or cause to be deemed waived those matters specifically stated to affect any provision herein which expressly survives the Closing survive or pertains to matters which will occur after the ClosingClosing pursuant to this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (B E C Energy)

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