Common use of Closing of Transactions Clause in Contracts

Closing of Transactions. Section 2.1 Time and Place of Closing 13 Section 2.2 The Merger 14 Section 2.3 Effective Time 14 Section 2.4 Effects of the Merger 14 Section 2.5 Governing Documents 14 Section 2.6 Officers and Directors 14 Section 2.7 Effect on Capital Stock 15 Section 2.8 Exchange of Shares, Certificates and Book Entry Shares 15 Section 2.9 Jazz Stock Based Awards and Equity Plans 17 Section 2.10 Jazz Warrants 18 ARTICLE III REPRESENTATIONS AND WARRANTIES OF AZUR Section 3.1 Due Incorporation; Capitalization 18 Section 3.2 Due Authorization 19 Section 3.3 Consents and Approvals; Governmental Authority Relative to This Agreement; Non-Contravention 20 Section 3.4 Financial Statements; Undisclosed Liabilities 21 Section 3.5 Title to Assets 22 Section 3.6 Intellectual Property 22 Section 3.7 Contracts 24 Section 3.8 Insurance 26 Section 3.9 Employee Benefit Plans 26 Section 3.10 Labor Relations; Compliance 29 Section 3.11 Taxes 31 Section 3.12 Litigation 32 Section 3.13 Regulatory Matters 32 Section 3.14 Environmental Matters 34 Section 3.15 Real Property 35 Section 3.16 Certain Business Relationships With Affiliates 35 Section 3.17 Absence of Certain Changes 35 TABLE OF CONTENTS (CONTINUED) PAGE Section 3.18 Brokers and Finders 35 Section 3.19 Full Disclosure 36 Section 3.20 NO OTHER REPRESENTATIONS OR WARRANTIES 36 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF JAZZ Section 4.1 Due Incorporation 36 Section 4.2 Due Authorization 36 Section 4.3 Consents and Approvals; No Violations 36 Section 4.4 Capitalization; Structure 37 Section 4.5 Litigation; Orders 37 Section 4.6 SEC Reports; Financial Statements 37 Section 4.7 Investigation; Limitation on Warranties 38 Section 4.8 Brokers, Finders 39 Section 4.9 Opinion of Jazz Financial Advisor 39 Section 4.10 Board Approval 39 Section 4.11 Required Stockholder Vote 39 Section 4.12 Antitakeover Statute 39 Section 4.13 Intellectual Property 39 Section 4.14 Regulatory Matters 40 Section 4.15 Trading Policy 41 ARTICLE V COVENANTS OF THE PARTIES Section 5.1 Access to Information; Confidentiality 41 Section 5.2 Filings; Other Actions; Notification 41 Section 5.3 Further Assurances; Reorganization; Satisfaction of Conditions 43 Section 5.4 Conduct of Business 44 Section 5.5 Public Announcements 47 Section 5.6 No Solicitation 47 Section 5.7 Notices of Certain Events 47 Section 5.8 Preparation of SEC Documents 48 Section 5.9 Stockholder Meeting; Board Recommendation 51 Section 5.10 Stock Exchange Listing 51 Section 5.11 Jazz Common Stock 52 Section 5.12 Resignations 52 TABLE OF CONTENTS (CONTINUED) PAGE Section 5.13 Directors and Officers Indemnification 52 Section 5.14 Re-Registration of Azur 52 Section 5.15 Financials 52 Section 5.16 Section 16 Matters 53 Section 5.17 Assignment Agreements 53

Closing of Transactions. Section 2.1 Time and Place of Closing 13 Section 2.2 The Merger 14 Section 2.3 Effective Time 14 Section 2.4 Effects of the Merger 14 Section 2.5 Governing Documents 14 Section 2.6 Officers and Directors 14 Section 2.7 Effect on Capital Stock 15 Section 2.8 Exchange of Shares, Certificates and Book Entry Shares 15 Section 2.9 Jazz Stock Based Awards and Equity Plans 17 Section 2.10 Jazz Warrants 18 ARTICLE III REPRESENTATIONS AND WARRANTIES OF AZUR Section 3.1 Due Incorporation; Capitalization 18 Section 3.2 Due Authorization 19 Section 3.3 Consents and Approvals; Governmental Authority Relative to This Agreement; Non-Contravention 20 Section 3.4 Financial Statements; Undisclosed Liabilities 21 Section 3.5 Title to Assets 22 Section 3.6 Intellectual Property 22 Section 3.7 Contracts 24 Section 3.8 Insurance 26 Section 3.9 Employee Benefit Plans 26 Section 3.10 Labor Relations; Compliance 29 Section 3.11 Taxes 31 Section 3.12 Litigation 32 Section 3.13 Regulatory Matters 32 Section 3.14 Environmental Matters 34 Section 3.15 Real Property 35 Section 3.16 Certain Business Relationships With Affiliates 35 Section 3.17 Absence of Certain Changes 35 TABLE OF CONTENTS (CONTINUED) PAGE Section 3.18 Brokers and Finders 35 Section 3.19 Full Disclosure 36 Section 3.20 NO OTHER REPRESENTATIONS OR WARRANTIES 36 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF JAZZ Section 4.1 Due Incorporation 36 Section 4.2 Due Authorization 36 Section 4.3 Consents and Approvals; No Violations 36 Section 4.4 Capitalization; Structure 37 Section 4.5 Litigation; Orders 37 Section 4.6 SEC Reports; Financial Statements 37 Section 4.7 Investigation; Limitation on Warranties 38 Section 4.8 Brokers, Finders 39 Section 4.9 Opinion of Jazz Financial Advisor 39 Section 4.10 Board Approval 39 Section 4.11 Required Stockholder Vote 39 Section 4.12 Antitakeover Statute 39 Section 4.13 Intellectual Property 39 Section 4.14 Regulatory Matters 40 Section 4.15 Trading Policy 41 ARTICLE V COVENANTS OF THE PARTIES Section 5.1 Access to Information; Confidentiality 41 Section 5.2 Filings; Other Actions; Notification 41 Section 5.3 Further Assurances; Reorganization; Satisfaction of Conditions 43 Section 5.4 Conduct of Business 44 Section 5.5 Public Announcements 47 Section 5.6 No Solicitation 47 Section 5.7 Notices of Certain Events 47 Section 5.8 Preparation of SEC Documents 48 Section 5.9 Stockholder Meeting; Board Recommendation 51 Section 5.10 Stock Exchange Listing 51 Section 5.11 Jazz Common Stock 52 Section 5.12 Resignations 52 TABLE OF CONTENTS (CONTINUED) PAGE Section 5.13 Directors and Officers Indemnification 52 Section 5.14 Re-Registration of Azur 52 Section 5.15 Financials 52 Section 5.16 Section 16 Matters 53 Section 5.17 Assignment Agreements 5336