Common use of Closing Activities Clause in Contracts

Closing Activities. Subject to the terms and conditions hereof, on the Closing Date: (1) The GENBAND Parties shall deliver to PT: (A) the ▇▇▇▇ of Sale duly executed by the GENBAND Parties; (B) the Patent Assignment duly executed by GENBAND US LLC; (C) the IPLA duly executed by GENBAND US LLC, GENBAND IP Company and GENBAND Ireland Limited; and (D) such other documents, including the Master Purchase and Sale Agreement referenced in paragraph (b) above, reasonably required by PT or its counsel in order to more fully consummate the transactions contemplated by the Agreement. (2) PT shall deliver to the GENBAND Parties: (A) payment by wire transfer of immediately available funds to an account designated by the GENBAND Parties in the amount of the Initial Payment; (B) the Patent Assignment duly executed by PT; (C) the IPLA duly executed by PT; and (D) such other documents, including the Master Purchase and Sale Agreement referenced in paragraph (b) above, reasonably required by the GENBAND Parties or their counsel in order to more fully consummate the transactions contemplated by the Agreement.