Conditions Precedent to Obligations of Parties Clause Samples
The "Conditions Precedent to Obligations of Parties" clause defines specific requirements or events that must be satisfied before the parties are legally bound to fulfill their contractual obligations. Typically, these conditions might include obtaining regulatory approvals, securing financing, or the completion of due diligence. By setting out these prerequisites, the clause ensures that both parties are protected from being obligated to perform under the contract until certain critical factors are met, thereby reducing risk and providing clarity on when contractual duties commence.
Conditions Precedent to Obligations of Parties. The respective obligations of each of the parties hereto hereunder are subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions:
Conditions Precedent to Obligations of Parties. The respective obligations of Purchaser, on the one hand, and the Company, on the other, to consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions:
Conditions Precedent to Obligations of Parties. The respective obligations of Purchaser, Parent, Opco and Seller to consummate the transactions contemplated by this Agreement on the Closing Date are subject to the satisfaction or waiver at or prior to the Closing Date of the following conditions:
Conditions Precedent to Obligations of Parties. The obligations of the Parties to consummate the transactions contemplated by this Agreement are subject to the satisfaction on or prior to Closing of each of the following conditions, except as the Parties may waive in writing:
Conditions Precedent to Obligations of Parties. The respective obligations of the parties hereto to consummate the Acquisition shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:
(a) NO INJUNCTION, ETC. No preliminary or permanent injunction or other order issued by any federal or state court of competent jurisdiction in the United States or by any United States federal or state governmental or regulatory body nor any statute, rule, regulation or executive order promulgated or enacted by any United States federal or state governmental authority which restrains, enjoins or otherwise prohibits any of the transactions contemplated hereby shall be in effect;
Conditions Precedent to Obligations of Parties. 11.1 Conditions to Obligations of the Parties. The obligations of FMG, WALLSTREET and those Stockholders listed in Exhibit "A" under this Agreement shall be subject to the fulfillment, on or prior to the Closing, of all conditions elsewhere herein set forth, including, but not limited to, receipt by the appropriate party of all deliveries required by Sections 4 and 5 herein, and fulfillment, prior to Closing, of each of the following conditions:
(a) All representations and warranties made by WALLSTREET Stockholders listed in Exhibit "A" and FMG in this Agreement shall be true and correct in all material respects on and as of the Closing Date with the same effect as if such representations and warranties had been made on and as of the Closing Date.
(b) WALLSTREET Stockholders listed in Exhibit "A" and FMG shall have performed or complied with all covenants, agreements and conditions contained in this Agreement on their part required to be performed or complied with at or prior to the Closing.
(c) All material authorizations, consents or approvals of any and all governmental regulatory authorities necessary in connection with the consummation of the transactions contemplated by this Agreement shall have been obtained and be in full force and effect.
(d) The Closing shall not violate any permit or order, decree or judgment of any court or governmental body having competent jurisdiction and there shall not have been instituted any legal or administrative action or proceeding to enjoin the transaction contemplated hereby or seeking damages from any party with respect thereto.
Conditions Precedent to Obligations of Parties. 9.1 Conditions in Favour of Both Parties.................... 19 9.2 Conditions in Favour of Source.......................... 20 9.3 Conditions in Favour of Cableshare...................... 20
Conditions Precedent to Obligations of Parties. The obligation of the Parties to consummate the transactions contemplated by this Agreement is subject to (i) the approval of the Board of Directors of each of the parties, and (ii) the completion of the assignment of the Assumed Liabilities (including receipt of all the necessary consents of the holders of all outstanding indebtedness of the Buyer).”
Conditions Precedent to Obligations of Parties. The respective obligations of Wireless, on the one hand, and the Company, on the other, to consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions:
Conditions Precedent to Obligations of Parties. None of the parties hereto will be obligated to consummate at the Closing any of the transactions provided for herein if any preliminary or permanent injunction or other order issued by any federal or state court of competent jurisdiction in the United States or by any United States or other Governmental Authority or of any statute, rule, regulation or executive order promulgated or enacted by any United States or other Governmental Authority which is in effect at the Closing restrains, enjoins or otherwise prohibits the consummation of such transaction at the Closing.