HOLLOW CREEK CLOSING CONDITIONS Sample Clauses

HOLLOW CREEK CLOSING CONDITIONS. The following requirements and obligations are and shall be conditions precedent to, and shall be satisfied by Summit prior to the contribution of any Capital Contribution of Hollow Creek required to be contributed on the Closing Date (herein referred to individually as a "Hollow Creek Closing Condition" and collectively as the "Hollow Creek Closing Conditions"). Time is of the essence of the Hollow Creek Closing Conditions to enable closing in accordance with Section 3.2. Summit shall use its best efforts to satisfy the Hollow Creek Closing Conditions within the period established for the occurrence of the Closing Date. Hollow Creek shall not have any obligation to make any Capital Contribution required to be contributed on the Closing Date unless Summit has complied with each and every one of the Hollow Creek Closing Conditions set forth herein. Hollow Creek, however, shall have the right, in its sole discretion, to waive a Hollow Creek Closing Condition, in the event of any failure by Summit to fulfill all of the Hollow Creek Closing Conditions prior to the time period established for the occurrence of the Closing Date in accordance with Section 3.1, or unilaterally to extend the time for the occurrence of the Closing Date to allow Summit to fulfill the Hollow Creek Closing Conditions. No such extension of the time period for the occurrence of the Closing Date shall be effective unless expressly given in writing signed by a duly authorized representative of Hollow Creek. The waiver of any Hollow Creek Closing Condition shall not constitute a waiver of any other Hollow Creek Closing Condition; nor shall the failure of Hollow Creek to complain of the failure of any of the Hollow Creek Closing Conditions or to declare Summit or the Company in default with respect to any Hollow Creek Closing Condition constitute a waiver by Hollow Creek of such Hollow Creek Closing Condition, so long as such failure by Hollow Creek has not continued for a period of more than 30 days after the Closing Date.
Sample 1
AutoNDA by SimpleDocs

Related to HOLLOW CREEK CLOSING CONDITIONS

  • FPS Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Company Closing Conditions The Company’s obligation to consummate the transaction hereunder at the Closing shall be subject to the following conditions, any one or more of which may be waived by the Company:

  • 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:

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

  • Purchaser’s Closing Conditions The Purchaser’s obligations to close the transactions described in this Agreement are subject to the satisfaction at or prior to Closing of the following conditions precedent (the “Purchaser’s Closing Conditions”):

  • 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:

  • Forward Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.