Conditions to the Obligations of Parent and Merger Subs Clause Samples
The "Conditions to the Obligations of Parent and Merger Subs" clause defines the specific requirements that must be satisfied before the parent company and its merger subsidiaries are legally required to complete the merger transaction. Typically, these conditions may include obtaining necessary regulatory approvals, the absence of material adverse changes, or the fulfillment of certain covenants by the other party. By clearly outlining these prerequisites, the clause ensures that the parent and its subsidiaries are not obligated to proceed with the merger unless all agreed-upon conditions are met, thereby protecting them from unforeseen risks or incomplete compliance.
Conditions to the Obligations of Parent and Merger Subs. The obligations of Parent and Merger Subs to consummate the transactions contemplated hereby are subject to the satisfaction or waiver by Parent and Merger Subs on or prior to the Closing Date of the following further conditions:
Conditions to the Obligations of Parent and Merger Subs. The obligations of Parent and the Corporate Sub to complete the Initial Merger are further subject to the following conditions (any or all of which may be waived by Parent at any time prior to the First Effective Time):
Conditions to the Obligations of Parent and Merger Subs. The obligations of Parent and Merger Subs to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of each of the following conditions, any of which may be waived, in writing, exclusively by Parent and Merger Subs:
Conditions to the Obligations of Parent and Merger Subs. The obligations of Parent and Merger Subs to consummate the Contemplated Transactions are subject to the fulfillment at or prior to the Effective Time of Merger I of each of the following additional conditions, any or all of which may be waived in writing in whole or part by Parent or Merger Subs to the extent permitted by applicable Law: