Common use of PRE-CLOSING CONDITIONS Clause in Contracts

PRE-CLOSING CONDITIONS. The consummation of the transactions contemplated by this Agreement by each party is subject to satisfaction of the following conditions, as applicable: (a) Satisfaction of all of the conditions to closing set forth in the Real Estate Purchase and Sale Agreement; (b) Execution of the Franchise Agreement in the form of Exhibit B and B-1 hereto (except that (i) the "Territory" for each Franchise Owner (as defined in the Franchise Agreement) shall be specified prior to execution thereof in accordance with the criteria set forth on Schedule 6.1