Common use of Concurrent Closing Actions Clause in Contracts

Concurrent Closing Actions. All actions to be taken by the Parties at Closing shall be deemed to have been taken simultaneously and to have validly occurred only if and when all such actions have been taken and completed. In the event that Closing cannot be completed, the Parties undertake to unwind all Closing actions initiated or taken.

Concurrent Closing Actions. All actions to be taken and documents to be delivered by the Parties at Closing shall be deemed to have been taken taken, executed and delivered simultaneously and to have validly occurred only if and when all such actions and documents have been taken taken, executed and completeddelivered. In the event that Closing cannot be completed, the Parties undertake to use their reasonable best efforts to unwind all Closing closing actions initiated or taken.

Concurrent Closing Actions. All actions to be taken and documents to be delivered by the Parties at Closing shall be are deemed to have (i) been taken taken, executed and delivered simultaneously and to have validly (ii) occurred only if and when all such actions and documents have been taken taken, executed and completeddelivered. In the event that case Closing cannot be fully completed, the Parties undertake to use their commercially reasonable best efforts to unwind all Closing actions initiated or taken.