CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SUMMIT Clause Samples

The "Conditions Precedent to the Obligations of Summit" clause defines specific requirements that must be satisfied before Summit is legally required to fulfill its obligations under the agreement. These conditions might include obtaining regulatory approvals, the accuracy of representations and warranties, or the completion of certain deliverables by the other party. By setting out these prerequisites, the clause ensures that Summit is not bound to proceed unless all agreed-upon conditions are met, thereby protecting Summit from premature or unwarranted obligations.
CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SUMMIT. The obligation of Summit to consummate the Reorganization is subject to the simultaneous satisfaction of all of the following conditions, compliance with which or the occurrence of which may be waived in whole or in part by Summit in writing in accordance with Section 10.09:
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Related to CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SUMMIT

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue the Shares to Purchaser at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions Precedent to the Obligations of Seller All obligations of Seller under this Agreement are subject to the fulfillment or satisfaction, prior to or at the Closing, of each of the following conditions precedent:

  • Conditions Precedent to the Obligations of the Company The obligation hereunder of the Company to issue and sell the shares of Common Stock to the Investor incident to each Closing is subject to the satisfaction, or waiver by the Company, at or before each such Closing, of each of the conditions set forth below.

  • Conditions Precedent to the Obligations of the Purchaser Each and every obligation of the Purchaser under this Agreement to be performed at or before the Closing shall be subject to the satisfaction, at the Closing, of each of the following conditions:

  • Conditions Precedent to the Obligations of the Purchasers The obligation of each Purchaser to acquire Securities at the Closing is subject to the satisfaction or waiver by such Purchaser, at or before the Closing, of each of the following conditions: