Common use of Subject to Completion Clause in Contracts

Subject to Completion. the Seller must pay all trade payables in connection with Business and moneys owing to suppliers to the Business which arise before the Effective time (excluding Post Signing Payables due for payment on or after the Effective Time) and provide evidence to the Buyer on Completion that this has occurred. The Seller must indemnify the Buyer against and pay to the Buyer the amount of any Indemnified Loss suffered or incurred by the Buyer as a result of or arising from the Seller failing to comply with its obligations under this clause 6.

Subject to Completion. the Seller Buyer must pay all trade payables in connection with the Business and moneys owing to suppliers to the Business which arise before the Effective time (excluding Post Signing Payables due for payment on or after and from the Effective Time) and provide evidence to the Buyer on Completion that this has occurred. The Seller Buyer must indemnify the Buyer Seller against and pay to the Buyer Seller the amount of any Indemnified Loss suffered or incurred by the Buyer Seller as a result of or arising from the Seller failing to comply with its obligations under this clause 6.