Common use of Closing Obligation Clause in Contracts

Closing Obligation. If the Company and the Sellers have completed all of their respective obligations hereunder, and all of the conditions precedent to the obligations of Buyer to Closing under Article 7 are satisfied (other than obligations and conditions that are to be satisfied by actions taken at the Closing), and Buyer does not proceed with the Closing, then the Company and the Sellers shall be entitled to pursue any right or remedy available to them under the circumstances, in equity, including, without limitation, the right of specific performance to enforce the closing of this Agreement.

Appears in 1 contract

Sources: Merger Agreement (Valeant Pharmaceuticals International)

Closing Obligation. If the Company and the Sellers have Buyer has completed all of their respective its obligations hereunder, and all of the conditions precedent to the obligations of Buyer the Company and the Sellers to Closing under Article 7 8 are satisfied (other than obligations and conditions that are to be satisfied by actions taken at the Closing), and Buyer does the Company and the Sellers do not proceed with the Closing, then the Company and the Sellers Buyer shall be entitled to pursue any right or remedy available to them Buyer under the circumstances, in equity, including, without limitation, the right of specific performance to enforce the closing of this Agreement.

Appears in 1 contract

Sources: Merger Agreement (Valeant Pharmaceuticals International)