Conditions Precedent of Purchaser. Purchaser's obligation to --------------------------------- consummate the transaction contemplated herein is conditioned upon satisfaction of each of the following conditions at or prior to the Closing (or such earlier date as is specified with respect to a particular condition), any one or more of which conditions precedent may be waived by Purchaser in Purchaser's sole discretion: (a) All representations of Seller set forth in Section 5.1 shall be true, correct and complete in all material respects as of the Effective Date and shall be true, correct and complete in all material respects as of the Closing Date. (b) Seller shall have performed in all material respects all obligations required to be performed by Seller hereunder prior to or in connection with the Closing.
Appears in 2 contracts
Sources: Purchase Agreement (Cross Continent Auto Retailers Inc M&l), Purchase Agreement (Cross Continent Auto Retailers Inc M&l)