Conditions to Obligation of all Parties. The respective obligation of each Party to effect the Transactions is subject to the satisfaction or waiver at or prior to each Closing of each of the following conditions: (a) All applicable waiting periods under the Antitrust Laws shall have expired or been terminated, or clearances, approvals and/or Consents related thereto, as applicable, shall have been received. (b) No Law or Order preventing the Transactions shall be in effect.
Appears in 2 contracts
Sources: Purchase Agreement (Asbury Automotive Group Inc), Purchase Agreement (Asbury Automotive Group Inc)