Conditions Precedent to the Purchase. (a) The obligations of each Purchaser to complete its Purchase are subject to the following conditions: (i) that the Seller shall have notified such Purchaser on or prior to January 31, 2005 (the “Notice Date”) that it will enter into, contemporaneously with the Closing under this Agreement, a binding, definitive agreement with a company engaged in the transportation of natural gas relating to the acquisition of the assets of or interests in such company for a purchase price exceeding $500,000,000 (Five Hundred Million Dollars). (ii) either (A) the Purchased Units shall have been registered under the Act (the “Registration Condition”), or (B) the Seller shall (x) deliver Purchased Units that are not registered under the Act (the “Unregistered Units”).
Appears in 2 contracts
Sources: Units Purchase Agreement (Energy Transfer Partners, L.P.), Units Purchase Agreement (Energy Transfer Partners, L.P.)