Consummation of the Closing Sample Clauses
The "Consummation of the Closing" clause defines the formal completion of a transaction, typically marking the point at which all closing conditions have been satisfied and the final exchange of consideration, such as payment and transfer of assets or shares, occurs. In practice, this clause outlines the specific actions, documents, and deliverables required from each party at the closing meeting, and may specify the timing and location for these exchanges. Its core function is to ensure that both parties clearly understand when and how the transaction is officially finalized, thereby reducing the risk of disputes regarding the fulfillment of contractual obligations.
Consummation of the Closing. At the Closing and subject to the terms and conditions contained herein:
Consummation of the Closing. Conditions Precedent to Each Party’s Obligations to Closing 33 Section 7.2 Conditions Precedent to Obligations of SXCP 34 Section 7.3 Conditions Precedent to Obligations of SC&C 34 ARTICLE VIII NO COMMISSION; SURVIVAL; INDEMNIFICATION
Consummation of the Closing. The Parties shall use Commercially Reasonable Efforts to cause the Closing conditions set forth in Article 7 and Article 8 to be satisfied or waived (except for conditions that, by their terms, cannot be satisfied until the Closing, but subject to the satisfaction or waiver of those conditions at the Closing), if possible, as of the seventy-fifth (75th) day after the date hereof.
Consummation of the Closing. Section 7.1 Conditions Precedent to Each Party’s Obligations to Closing. The respective obligations of each Party to consummate the transactions contemplated by this Agreement on the Closing Date are subject to the satisfaction (or waiver) at or prior to the Closing of the following conditions precedent:
(a) no Order or Law shall have been issued, enacted, entered, promulgated or enforced by any statute, rule, regulation, non-appealable judgment, court or Governmental Authority of competent jurisdiction which is in effect and prohibits or restricts the consummation of the transactions contemplated by this Agreement;
(b) there shall not have been instituted, threatened or be pending any action, proceeding or investigation, whether formal or informal (or there shall not have been any material adverse development with respect to any action or proceeding currently instituted, threatened or pending), before or by any court, Governmental Authority, or by any other Person, in connection with the transactions contemplated by this Agreement that either (i) is, or is reasonably likely to be, materially adverse to the transactions contemplated by this Agreement, or (ii) will, or is reasonably likely to, prohibit, prevent, restrict or delay consummation of this Agreement;
(c) all required filings with and Consents of any Governmental Authority (if any) shall have been made or obtained on terms and conditions reasonably acceptable to SXCP;
(d) the Consents listed on Schedule 4.3 shall have been obtained; and
(e) U.S. Steel shall have delivered to SXCP and SunCoke a counterpart of the Gateway Coke Sales Contract Amendment, duly executed by U.S. Steel.
Consummation of the Closing. The Closing shall have occurred as contemplated by Section 2.6 or shall occur substantially concurrently with the Fiber Transfer.