Common use of Consummation of Closing Clause in Contracts

Consummation of Closing. All acts, deliveries, and confirmations ----------------------- comprising the Closing regardless of chronological sequence shall be deemed to occur contemporaneously and simultaneously upon the occurrence of the last act, delivery, or confirmation of the Closing and none of such acts, deliveries, or confirmations shall be effective unless and until the last of the same shall have occurred. The time of the Closing has been scheduled to correspond with the close of business at the principal office of the Seller and, regardless of when the last act, delivery, or confirmation of the Closing shall take place, the transfer of the employees shall be deemed to occur as of the close of business at the principal office of the Seller on January 1, 2000.

Consummation of Closing. All acts, deliveries, and confirmations ----------------------- comprising the Closing regardless of chronological sequence shall be deemed to occur contemporaneously and simultaneously upon the occurrence of the last act, delivery, or confirmation of the Closing and none of such acts, deliveries, or confirmations shall be effective unless and until the last of the same shall have occurred. The time of the Closing has been scheduled to correspond with the close of business at the principal office of the Seller and, regardless of when the last act, delivery, or confirmation of the Closing shall take place, the transfer of the employees shall be deemed to occur as of the close of business at the principal office of the Seller on January 1December 31, 20001999.