Common use of Simultaneous Closing Clause in Contracts

Simultaneous Closing. The delivery of all documents and actions taken at the Closing shall all be considered parts of a simultaneous transaction and no delivery of documents or action taken shall be considered completed until all documents for such Closing have been delivered and other action taken.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Vtex Energy Inc), Purchase and Sale Agreement (Vector Energy Corp /Texas/), Purchase and Sale Agreement (Vtex Energy Inc)

Simultaneous Closing. The delivery of all documents and actions taken ---------------------- at the Closing shall all be considered parts of a simultaneous transaction and no delivery of documents or action taken shall be considered completed until all documents for such Closing have been delivered and other action taken.

Appears in 2 contracts

Sources: Asset Transfer Agreement (Sunburst Acquisitions Ii Inc), Asset Transfer Agreement (Sunburst Acquisitions Ii Inc)

Simultaneous Closing. The delivery of all documents and actions taken at the Closing shall all be considered parts of a simultaneous transaction and no delivery of documents or action actions taken shall be considered completed until all documents for such Closing have been delivered and other action actions taken.

Appears in 1 contract

Sources: Share Exchange Agreement (Xenacare Holdings, Inc.)