Condition to Closing definition

Condition to Closing means a condition to closing in any Divestiture Agreement other than a condition that requires the delivery of a certificate or other document, or the purchase price, at or immediately prior to the closing.
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Condition to Closing means a condition to the closing of the divestiture specified in the Divestiture Agreement, but not including a condition that requires the delivery of a certificate or other document, or the purchase price, at or immediately prior to the closing.
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Condition to Closing. Conditions precedent to each Closing Date shall include that no payment is then past due to the Lessor or any assign of the Lessor from the Lessee, that the Lessee is in compliance with the material provisions of this Commitment and the lease, that information requested by the Lessor and all documentation then required by the Lessor's counsel has been received by the Lessor including resolutions of the Board of Directors of the Lessee authorizing the transactions contemplated by this Commitment and an opinion of counsel for the Lessee satisfactory to counsel for the Lessor, that the Lessee is not in default under any material contract to which it is a party or by which it or its property is bound, and that there has not been any material adverse change or threatened material adverse change in the financial or other condition, business, operations, properties, assets or prospects of the Lessee since December 31, 1996 or from the written information that has been supplied to the Lessor prior to the date of this Commitment by the Lessee. The Lessor shall not be responsible for any failure of suppliers or manufactures of the Equipment or their distributors to perform their obligations to the Lessor or the Lessee. The Lessee shall provide quarterly financial statements and status reports during the Commitment period.
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Examples of Condition to Closing in a sentence

  • Condition to Closing of All Parties............................................

  • It shall be a Lender Parties’ Condition to Closing (defined below) that Title Company shall have agreed in writing that, simultaneously with recordation of the Deeds, it will be irrevocably committed to issue to the applicable Transferee Entities an Owner’s Policy in accordance with the Title Assurance obtained from the Title Company pursuant to Section 2, including those endorsements (to the extent available under each Owner’s Policy), as agreed upon in the Title Assurance (the "Title Policy Condition").

  • Subject to the conditions precedent set forth in Article 3 above, the Closing shall take place in Milan, Italy, on (a) the date of closing of the sale and transfer of the Fineldo Shares in favor of the Purchaser pursuant to the Fineldo SPA, or, (b) if the Purchaser waives in writing the Purchaser’s Condition to Closing set forth in Section 3.1(a)(ii), or at 10:00 am (CET) on the 5th Business Day following the date of such waiver.

  • This AGREEMENT may be terminated at any time on or prior to the Closing Date: (i) by a Party if, at the Closing Date, a Condition to Closing has not been met or waived pursuant to the terms hereof ; however, a Party may not terminate under this ARTICLE unless the terminating party has met all Conditions to Closing contained herein , or any conditions which have not been met have been waived, and stands ready to Close; or (ii) by mutual agreement.

  • Each of the Company and Buyer, as the case may be, shall inform the other Party in writing within three (3) Business Days of becoming aware of (i) the satisfaction of any applicable condition to closing in this Article VII (each, a “Condition to Closing”) or (ii) any circumstance that has resulted, or will result, in a failure to satisfy any Condition to Closing, and shall provide due evidence of such satisfaction or failure to satisfy.

  • Expected to Reconvene Thursday, February 1 at 2 PM CT Approval of Proposal 4, removing Tennessee Control Share Acquisition Act from Charter, No Longer a Condition to Closing NASHVILLE, Tenn., January 30, 2018 – J.

  • This Agreement shall be cancelled in the event that any other Condition to Closing is not satisfied by 31 (thirty-first) December 2003 (two thousand and three) at the latest or any agreement identified in the Conditions to Closing is cancelled or abrogated.................

  • The Company shall enter into the Security Agreement of even date between the Company and the Holder as a Condition to Closing.

  • In such event, the execution and dexxxxxx of such agreement shall be a Condition to Closing.

  • If this Contract is terminated because of failure of a Condition to Closing set forth in Section 10, Escrow Agent shall return the Deposit to Purchaser as therein set forth.


More Definitions of Condition to Closing

Condition to Closing has the meaning set forth in Section 3.1.1.
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Condition to Closing means an event that must occur (or fail to occur) in order for the buyer and seller to have an obligation to close under the asset purchase agreement. Most closing conditions in healthcare practice acquisitions run in favor of the buyer; in other words, if a closing condition is not met, the buyer does not have to buy the practice, but has the option to waive the condition and continue on with the purchase. Seller's risks include exposing confidential information to the buyer, possible instability and dissatisfaction among the seller's employees if and when news of the transaction gets out, and possibly loss of patients if an upcoming transaction is announced but does not close. In some circumstances, the seller may also be relying on the closing of the transaction to pay other obligations, such as bank loans that are coming due.
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Condition to Closing. The Company shall have entered into a definitive transaction agreement in connection with the acquisition of Choice Environmental Services Inc., such transaction to be in form and substance generally consistent with the description of such provided to the subscribers. Offering Jurisdictions: Private placement to “accredited investors” in the provinces of Canada (collectively, the “Offering Jurisdictions”), and into the United States pursuant to Regulation D under the United States Securities Act of 1933, as amended (the “US Securities Act”) or in such other manner as to not require registration under the U.S. Securities Act, and jurisdictions other than Canada and the United States, provided that the Company is not required to file a prospectus or other disclosure document or become subject to continuing reporting obligations in such other jurisdictions.
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Related to Condition to Closing

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Conditions Precedent means the conditions precedent set out in clause 3 below;

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Second Closing has the meaning set forth in Section 2.2.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).

  • First Closing has the meaning set forth in Section 2.1(a).

  • Buyer Closing Certificate has the meaning set forth in Section 7.03(d).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Additional Closing has the meaning set forth in Section 2.3.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

  • Purchaser Deliverables has the meaning set forth in Section 2.2(b).

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Final Closing means the last closing under the Private Placement;

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Customary Post-Closing Consents means the consents and approvals from Governmental Authorities for the assignment of the Assets to Buyer that are customarily obtained after the assignment of properties similar to the Assets.

  • Sellers Disclosure Schedule means the disclosure schedule delivered by the Sellers to the Purchaser on the date hereof.

  • Closing Checklist means the schedule, including all appendices, exhibits or schedules thereto, listing certain documents and information to be delivered in connection with the Agreement, the other Loan Documents and the transactions contemplated thereunder, substantially in the form attached hereto as Annex D.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.