Common use of Events Prior to Closing Clause in Contracts

Events Prior to Closing. (a) Upon execution hereof or as soon thereafter as practical, management of AAI and QMT shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced hereinbelow. (b) Upon execution hereof or as soon thereafter as practical, all the current shareholders of AAI, representing 500,000 shares, shall tender their share certificates, along with a duly executed stock power, to AAI for cancellation.