Common use of PRECONDITIONS TO CLOSING/DUE DILIGENCE Clause in Contracts

PRECONDITIONS TO CLOSING/DUE DILIGENCE. Section 2.1 CONDITIONS TO CONSUMMATION OF THE TRANSACTION: The respective obligations of the parties with respect to this TRANSACTION shall be subject to satisfaction of conditions customary to transactions of this type, including without limitation, (a) execution of this Stock Purchase Agreement by all parties; (b) absence of a material adverse change in the financial condition, business, properties, assets or prospects of the ISSUER prior to Closing, (c) satisfactory completion by the BUYER of due diligence; (d) confirmation that the representations and warranties of each party are true and accurate in all respects, and (e) delivery of Sector 5, Inc. in the form and manner established by Section 1.3(a).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Sector 5, Inc.), Stock Purchase Agreement (Sector 5, Inc.)