Common use of Completion of the Transaction Clause in Contracts

Completion of the Transaction. 12.1 The completion of the transactions that are the subject of this agreement will take place on the second business day after the date of the fulfillment of all the conditions precedent stipulated in section 11.1 above or the waiver of their fulfillment according to the provisions of this agreement (hereinbefore and hereinafter: ‘the completion date’), or on any other date that will be agreed between the parties, at the offices of ▇▇▇▇ ▇▇▇▇ & Co., Advocates, at ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇. 12.2 On the completion date, all the following operations will be performed: 12.2.1 Dalhom will deliver to Automax a confirmation of the correctness of its representations as of the completion date, in the form attached as Annex 12.2.1 of this agreement; 12.2.2 Automax will advance to the company Automax’s loans, inter alia by delivering postdated checks in the amounts and with the dates stated in section 3.3.3.1; 12.2.3 The company will pay Dalhom, in cash, the amount of the value of the inventory and the conditional prepayment for the concession and will deliver to Dalhom the postdated checks for ▇▇▇▇▇▇’s loan; 12.2.4 Dalhom will deliver to the company duly signed undertakings as stated in section 9.2 above; 12.2.5 Dalhom will deliver to the company a pledge and charge deed ▇▇▇▇ signed in the form attached as Annex 3.4 of this agreement; 12.2.6 The company and Automax will sign a loan agreement in the form attached as Annex 3.1.1 of this agreement, and the company and Dalhom will sign a loan agreement in the form attached as Annex 3.3.3.1 of this agreement; 12.2.7 The parties will sign every document that is required to give effect to the planned operations according to this agreement. 12.3 All the operations that will be performed on the completion date will be regarded as performed simultaneously. No single operation will be regarded as completed and no single document will be regarded as delivered until all the operations on that occasion will be completed and all the documents will be delivered.