Common use of Conditions Precedent to Consummation of the Clause in Contracts

Conditions Precedent to Consummation of the. Contribution. The obligations of the parties to consummate the Contribution ------------ shall be conditioned on the satisfaction, or waiver by Parent, of the following conditions: (a) Final approval of the Contribution shall have been given by the Board of Directors of Parent in its sole discretion; and (b) The conditions precedent to the consummation of the IPO set forth in Section 3.4 hereof shall have been satisfied or waived pursuant to such ----------- Section 3.4. -----------