Common use of Completion of the Offer Clause in Contracts

Completion of the Offer. The Purchaser shall have (i) commenced the Offer pursuant to Section 1.1 hereof and (ii) purchased, pursuant to the terms and conditions of such Offer, all shares of Company Common Stock duly tendered and not withdrawn; provided, however, that neither Parent nor the Purchaser shall be entitled to rely on the condition in clause (ii) above if either of them shall have failed to purchase shares of Company Common Stock pursuant to the Offer in breach of their obligations under this Agreement.

Appears in 2 contracts

Sources: Merger Agreement (U S Laboratories Inc), Merger Agreement (U S Laboratories Inc)