Common use of Closing Subject to Conditions Precedent Clause in Contracts

Closing Subject to Conditions Precedent. The obligation of Buyers to purchase the Note is subject to the satisfaction on or prior to the Effective Date of the following conditions (any or all of which may be waived by Administrative Agent and Buyers): (a) Performance by the Issuer, Co-Issuer, PMC and PMH. All the terms, covenants, agreements and conditions of the Transaction Documents to be complied with, satisfied, observed and performed by Issuer, Co-Issuer, PMC and PMH on or before the Effective Date shall have been complied with, satisfied, observed and performed in all material respects.

Closing Subject to Conditions Precedent. The obligation of Buyers to purchase the Note is subject to the satisfaction on or prior to the Effective Closing Date of the following conditions (any or all of which may be waived by Administrative Agent and Buyers): (a) Performance by the Issuer, Co-Issuer, PMC and PMH. All the terms, covenants, agreements and conditions of the Transaction Documents to be complied with, satisfied, observed and performed by Issuer, Co-Issuer, PMC and PMH on or before the Effective Closing Date shall have been complied with, satisfied, observed and performed in all material respects.