Date of Consummation Clause Samples
The Date of Consummation clause defines the specific date on which a transaction, agreement, or contractual obligation is considered fully completed and legally effective. In practice, this date may be triggered by the fulfillment of all closing conditions, the exchange of necessary documents, or the transfer of funds between parties. Its core function is to provide a clear and unambiguous reference point for when rights and obligations under the contract commence, thereby reducing uncertainty and potential disputes regarding the timing of contractual performance.
Date of Consummation. The Merger shall have been consummated on or prior to September 30, 1999, or such later date as the parties shall agree by a written instrument signed by all of them.
Date of Consummation. The transactions contemplated herein shall have been consummated on or prior to December 15, 1998, or such later date as the parties shall agree by a written instrument signed by all of them.
Date of Consummation. The transactions contemplated herein shall have been consummated on or prior to January 31, 2000, or such later date as the parties shall agree by a written instrument signed by all of them.
Date of Consummation. The sale and purchase of the Purchased Assets pursuant hereto shall have been consummated on or prior to May 16, 1997.
Date of Consummation. The transactions contemplated hereby shall have been consummated on or prior to April 1, 2005, or such later date as the parties shall agree by a written instrument signed by all of them. Notwithstanding anything to the contrary in this Agreement, Sellers may not rely on the failure of any condition set forth in Article VIII to be satisfied if such failure was caused by Sellers’ failure to use its commercially reasonable efforts pursuant to Section 5.2.
Date of Consummation. The Sale and purchase of --------------------- the Purchased Assets pursuant hereto shall have been consummated on or prior to January 30, 2000.
Date of Consummation. The term ``date of consummation'' means the date on which a consumer becomes contractually obligated under a rental-purchase agreement.
Date of Consummation. The Merger shall have been consummated on or prior to September 30, 1996, or such
Date of Consummation. The Merger shall have been consummated on or prior to June 30, 2000, or such later date as the parties shall agree by a written instrument signed by all of them. 5.2 Conditions to the Obligation of Company to Effect the Merger. The obligation of Company to effect the Merger shall be subject to the fulfillment at or prior to the Effective Time of the following additional conditions:
(a) Each of Parent and Merger Sub shall have performed in all material respects its respective obligations under this Agreement required to be performed by either or both of them on or prior to the Effective Time pursuant to the terms hereof.
(b) All representations or warranties of Parent and Merger Sub in this Agreement which are qualified with respect to a material adverse effect or materiality shall be true and correct, and all such representations or warranties that are not so qualified shall be true and correct in all material respects, in each case as if such representation or warranty was made as of the Effective Time, except to the extent that any such representation or warranty is made as of a specified date, in which case such representation or warranty shall have been true and correct as of such specified date.
(c) Since the date of this Agreement, there shall not have been any material adverse change in the financial condition, results of operations, assets, properties, liabilities, business or prospects of Parent.
(d) Each of Parent and Merger Sub shall have delivered to Company a certificate dated the Effective Time and executed by their respective Chairman of the Board, President or Vice President to the effect set forth in paragraphs (a), (b) and (c) of this Section 5.2.
(e) Each of Parent and Merger Sub shall have delivered to Company a certificate of the secretary of such party, setting forth a copy of their respective Certificates of Incorporation, resolutions adopted by the Board of Directors approving the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, together with a signature and incumbency certificate.
Date of Consummation. The transactions contemplated herein shall have been consummated on or prior to the Closing Deadline.