Common use of Simultaneous Delivery Clause in Contracts

Simultaneous Delivery. All documents, instruments and funds to be delivered by the Seller and the Purchaser at the Closing pursuant to this Article III shall be regarded as having been delivered simultaneously, and no document, instrument or funds shall be regarded as having been delivered until all such documents, instruments and funds have been delivered.

Appears in 1 contract

Sources: Contribution Agreement (Katy Industries Inc)

Simultaneous Delivery. All documents, instruments and funds to be delivered by the Seller and the Purchaser at on the Closing Date pursuant to this Article III IV shall be regarded as having been delivered simultaneously, and no document, instrument or funds shall be regarded as having been delivered until all such documents, instruments and funds have been delivered.

Appears in 1 contract

Sources: Asset Purchase Agreement (Katy Industries Inc)