Concurrent Closing Clause Samples
A Concurrent Closing clause establishes that the completion of a transaction is contingent upon the simultaneous closing of one or more related transactions. In practice, this means that the parties involved agree that their obligations—such as transferring funds, assets, or property—will only be fulfilled if all linked deals close at the same time. For example, in a real estate deal, the sale of a property may only proceed if the buyer's sale of another property closes concurrently. This clause ensures that no party is left exposed by performing their obligations without the assurance that all interconnected transactions will also be completed, thereby reducing risk and promoting fairness among the parties.
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Concurrent Closing. Notwithstanding anything to the contrary contained in this Agreement, the Closing shall be subject to and contingent upon, and shall occur concurrently with, the Closing of the purchase transactions for the following properties between Seller (or entities affiliated with Seller) and Buyer (the "Concurrent Closing Contingency"): Autumn Heights, Creekside Oaks, Lakeview Village, Las Colinas, Oaktree Village, Ponte Vedra Beach Village I, Ponte Vedra Village Beach II, Rancho Antigua, Skyline Village, Tierra Catalina, Village at the Foothills I, Village at the Foothills II & III; provided, however, that in the event this purchase transaction or any of the other purchase transactions enumerated above is terminated as a result of (i) condemnation or (ii) damage or destruction in accordance with the applicable purchase agreement, such purchase transaction(s) shall not be taken into account in determining whether the Concurrent Closing Contingency shall have been satisfied (unless the aggregate number of purchase transactions so terminated is two or more, in which event the Concurrent Closing Contingency shall be deemed not to have been satisfied) and provided further that in the event of (i) condemnation or (ii) damage or destruction with respect to Creekside Oaks/Oaktree Village (the "Companion Project") whereby the purchase transaction for the Companion Project is terminated in accordance with the applicable purchase agreement, this purchase transaction shall also be terminated but this purchase transaction and the purchase transaction for the Companion Project shall be deemed to be a single purchase transaction for purposes of determining the aggregate number of purchase transactions so terminated. In addition, in the event this purchase transaction or any of the other purchase transactions enumerated above does not close as a result of a default by Buyer in the performance of its obligations under this Agreement or any other respective purchase agreement, Seller shall be entitled (but not obligated) to exercise its rights under Section 12 above and the corresponding provisions of each such purchase agreement even though the Concurrent Closing Contingency shall not have been satisfied.
Concurrent Closing. The closing under the SouFun Subscription Agreement and the Closing hereunder shall take place substantially concurrently.
Concurrent Closing. 20 7.7 NO MATERIAL ADVERSE CHANGE..............................20
Concurrent Closing. All of the closing conditions set forth in the Restructuring Agreement and related documents shall have been satisfied as of the Closing and a closing thereunder shall be occurring concurrently with the Closing.
Concurrent Closing. The Closing is being held concurrently with the execution of this Agreement. The execution and/or delivery of each document to be executed and/or delivered at the Closing and each other action to be taken at the Closing shall be deemed to be executed and/or delivered or taken, as the case may be, simultaneously.
Concurrent Closing. 45 (iii) EXHIBITS Exhibit A - Form of Opinion of Counsel to Seller Exhibit B - Form of Opinion of Counsel to Buyer Schedule 1-F - Excluded KOFY Assets; Excluded Contracts Schedule 4.10.1 - Station Employee Benefit Plans Schedule 4.10.2 - Terminated Employee Benefit Plans
Concurrent Closing. Notwithstanding anything to the contrary contained herein, Buyer's obligation to close the transactions contemplated by this Agreement, is conditioned on the 45 simultaneous closing of the transactions contemplated by the GL Stock Purchase Agreement.
Concurrent Closing. The close of escrow under the Fund V Purchase Agreement shall occur concurrently with the Close of Escrow under this Agreement.
Concurrent Closing. The transactions contemplated by the Agreement and Plan of Reorganization dated December 12, 1997, by and between TGI and Rainbow Trucking Services, Inc. and the Agreement and Plan of Reorganization dated December 12, 1997, by and between TGI and T.W. Transport, Inc. shall have been consummated on or before the Closing Date.
Concurrent Closing. The concurrent Close of Escrow for all of the Properties.