CONDITIONS TO EFFECTIVENESS AND CLOSING Clause Samples
The "Conditions to Effectiveness and Closing" clause defines the specific requirements that must be satisfied before a contract becomes legally binding and the transaction can be completed. Typically, these conditions may include obtaining regulatory approvals, securing necessary third-party consents, or the fulfillment of certain obligations by one or both parties. By clearly outlining these prerequisites, the clause ensures that both parties are protected from premature commitment and that all essential steps are completed before the agreement takes full effect.
CONDITIONS TO EFFECTIVENESS AND CLOSING. The obligations of each Purchaser to enter into this Agreement and to purchase and pay for the Notes to be sold to such Purchaser at the Closing for such Notes are subject to the satisfaction, on or before the date of each Closing of the following conditions, pursuant to documentation in form and substance satisfactory to such Purchasers:
CONDITIONS TO EFFECTIVENESS AND CLOSING. The obligations of each Purchaser to enter into this Agreement and (other than with respect to the Series B Purchasers) to amend and restate the Original Agreement and the Original Series A Notes, and the obligations of each Series B Purchaser to purchase and pay for the Series B Notes to be sold to such Series B Purchaser at the Closing, are subject to the satisfaction, on or before the date of the Closing, of the following conditions, pursuant to documentation in form and substance satisfactory to the Purchasers (such date, the “Closing Date”):
CONDITIONS TO EFFECTIVENESS AND CLOSING. The obligations of each Purchaser to enter into this Agreement and (other than with respect to the Series C Purchasers) to amend and restate the Existing Agreement, and the obligations of each Series C Purchaser to purchase and pay for the Series C Notes to be sold to such Series C Purchaser at the Closing, are subject to the satisfaction, on or before the date of the Closing, of the following conditions, pursuant to documentation in form and substance satisfactory to the Purchasers (such date, the “Closing Date”):
CONDITIONS TO EFFECTIVENESS AND CLOSING