Common use of Condition to the Obligations of the Parties Clause in Contracts

Condition to the Obligations of the Parties. The obligations of all of the parties hereto to consummate the Closing are subject to the satisfaction of all the following conditions: (a) No provisions of any applicable Law, and no Order shall prohibit or prevent the consummation of the Closing. (b) There shall not be any Action brought by a third party that is not an Affiliate of the parties hereto to enjoin or otherwise restrict the consummation of the Closing. (c) The SEC shall have declared the Proxy/Registration Statement effective. No stop order suspending the effectiveness of the Proxy/Registration Statement or any part thereof shall have been issued. (d) The Purchaser Shareholders’ Approval have been duly obtained. (e) Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the Closing.

Condition to the Obligations of the Parties. The obligations of all of the parties hereto to consummate the Closing are subject to the satisfaction of all the following conditions: (a) No provisions of any applicable Law, and no Order shall prohibit or prevent the consummation of the Closing. (b) There shall not be any Action brought by a third party that is not an Affiliate of the parties hereto to enjoin or otherwise restrict the consummation of the Closing. (c) The SEC shall have declared the Proxy/Registration Statement effective. No stop order suspending the effectiveness of the Proxy/Registration Statement or any part thereof shall have been issued. (d) The Purchaser Shareholders’ Approval and the Company Shareholders’ Approval have been duly obtainedobtained after the effectiveness of the Proxy/Registration Statement. (e) Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the Closing.