Simultaneous Transactions Sample Clauses
The Simultaneous Transactions clause establishes that certain contractual actions or exchanges must occur at the same time. In practice, this means that the obligations of both parties—such as payment and delivery of goods or services—are coordinated to happen concurrently, ensuring that neither party is required to perform without the assurance that the other will do so as well. This clause is primarily used to protect both parties from the risk of non-performance by making their obligations interdependent and synchronized.
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Simultaneous Transactions. All of the transactions contemplated by this Agreement shall be deemed to occur simultaneously, and no such transaction shall be deemed to have been consummated until all such transactions have been consummated.
Simultaneous Transactions. All transactions to be effectuated at the Closing shall be deemed to have taken place simultaneously, and no such transaction shall be deemed to have been completed until all transactions are completed and all documents delivered.
Simultaneous Transactions. The Warrantors shall have executed all documents and taken all such other actions as are necessary to effectuate the Merger other than filing a certificate of merger with the Louisiana Secretary of State as referred to in Section 7.2, and the Warrantors shall have irrevocably authorized their agents to make such filing in its behalf.
Simultaneous Transactions. The transactions and all deliveries contemplated in this Agreement shall be deemed to occur simultaneously on the Closing Date, and none shall be deemed completed until all are completed.
Simultaneous Transactions. The Warrantors shall have executed all documents and taken all such other action as are necessary to effectuate the Merger other than filing the Merger Agreement as referred to in Section 7.2, and the Warrantors shall have irrevocably authorized their agents to make such filing in its behalf.
Simultaneous Transactions. All actions taken and transactions consummated at the Closing shall be deemed to have occurred simultaneously, and no such transaction shall be considered consummated unless all are consummated.
Simultaneous Transactions. All transactions to be effected under this Agreement at the Closing shall be deemed to occur in the order herein specified, if any, but shall occur nearly simultaneously, and no such transaction shall be deemed to have occurred unless all such transactions have occurred. All documents required to be delivered at the Closing by any party hereunder, including this Agreement, shall be deemed initially delivered in escrow and no such document shall be released therefrom until all documents have been delivered in escrow and payment received, whereupon all shall be deemed released together.
Simultaneous Transactions. Subject to the terms and conditions set forth in this Agreement, simultaneous with the consummation of the Exchange, the following transactions shall be consummated:
(a) The Company shall consummate the Debt Financing.
(b) The Company shall make the Parent Note Repayment and the Acquisition Notes Repayment by paying to Parent, by wire transfer pursuant to written wire transfer instructions provided to the Company by Parent, in immediately available funds, an amount equal to the Parent Cash Amount plus the Acquisition Funding Amount and thereupon the Parent Note and the Acquisition Notes, having been fully satisfied, shall be canceled and all obligations thereunder extinguished.
(c) The Company shall make the Rugby Note Repayment by paying to Rugby, by wire transfer pursuant to written wire transfer instructions provided to the Company by Rugby, in immediately available funds, an amount equal to the Rugby Cash Amount and thereupon the Rugby Note, having been fully satisfied, shall be canceled and all obligations thereunder extinguished.
Simultaneous Transactions. All transactions set forth as part of the Exchange and the transactions contemplated by Sections 5.1(d) and 5.2(e) hereof shall be deemed to take place -------------------------- simultaneously and each transaction shall be contingent upon the consummation of all such transactions.
Simultaneous Transactions. All four sales set forth in paragraph 1 shall be simultaneously consummated.