Common use of Actions on the Closing Date Clause in Contracts

Actions on the Closing Date. On the Closing Date, the Parties shall take, or cause to be taken, the following actions, which shall be taken simultaneously (Zug um Zug): (a) execution by Sellers and Purchaser of a share transfer agreement regarding the transfer of the Sold Shares with effect as of the Effective Date, substantially in the form as attached hereto as Exhibit 4.4 (a); delivery by Sellers of the share certificates representing the Sold Shares as set forth in paragraph 1 of the Recitals; (b) payment by Purchaser of the amount referred to in Section 2.2, in accordance with Section 2.4; (c) delivery by Purchaser of (i) evidence satisfactory to Sellers that all Sellers’ Guarantees have been replaced or (ii) a bank guarantee, in each case in accordance with Section 7.4; (d) delivery by Sellers of the resignation letters, effective at or prior to the Closing Date, referred to in Section 7.5; (e) execution by certain entities of the RÜTGERS Group and the Bakelite Group of the agreement set forth in Exhibit 4.4 (e) and of any documents required under such agreement to be executed on the Closing Date (unless such agreements or documents have already been executed and not modified thereafter and true and complete copies are delivered to Purchaser prior to the Closing); and (f) release or retransfer of the land charge in accordance with Section 7.2 (c).