Examples of Closing Conditions in a sentence
Notwithstanding anything to the contrary contained herein, if the Mutual Closing Conditions Precedent provided in Section 4.7 are not satisfied as of the Closing Date, then this Agreement shall automatically terminate and, except as otherwise expressly provided in this Agreement, no Party shall have any further liability or obligation to the other Party hereunder.
Purchaser’s obligation to consummate the Closing and the Transactions is subject to the satisfaction, or waiver in writing by Purchaser in its sole discretion, of each of the Purchaser Closing Conditions Precedent, and Seller’s obligation to consummate the Closing and the Transactions is subject to the satisfaction, or waiver in writing by Seller in its sole discretion, of each of Seller’s Closing Conditions Precedent.
If all of the Purchaser Closing Conditions Precedent and all of Seller’s Closing Conditions Precedent are satisfied or waived in writing in accordance with the terms and conditions of this Agreement, Seller shall sell and transfer ProjectCo Interests to Purchaser, and Purchaser shall purchase and accept ProjectCo Interests from Seller, for the Purchase Price on the Closing Date, free and clear of all Liens, except for Permitted Liens.
The parties shall notify each other in writing when the Closing Conditions relevant to them have been satisfied or waived by them.
This Agreement shall not be binding on the Company until the satisfaction of each of the Closing Conditions set forth in Section 6 below and this Agreement has been accepted by the Company, which shall be evidenced by the Company countersigning this Agreement and the delivery thereof to the Subscriber.