Transactions Effected at Closing Sample Clauses

Transactions Effected at Closing. The parties hereto agree that on the Closing Date the following transactions shall occur and take effect (the "Closing"): (a) Termination; (b) payment by Partnership to HSC of $4.5 million or such larger amount as Partnership may determine; (c) delivery by Partnership to HSC of a note substantially in the form attached hereto as Exhibit B (the "Note"), in a principal amount equal to the difference between (i) $9.35 million and (ii) the Value of Kerosene plus the amount paid pursuant to paragraph (b) above; (d) execution and delivery by the parties hereto of the Release; (e) execution and delivery by Partnership of the Mortgage and Security Agreement (the "Mortgage") substantially in the form attached hereto as Exhibit C; (f) execution and delivery by Partnership of a letter of intent substantially in the form attached hereto as Exhibit D and (the "Letter of Intent"); (g) execution and delivery of a Conditional Assignment of Contract and Escrow Agreement substantially in the form of Exhibit E, attached hereto; (h) delivery of releases and termination statements for the encumbrances listed on Schedule 2 attached hereto, and a termination of the Site Lease, all in form and substance satisfactory to HSC; and (i) the determination and settling of all existing accounts between Partnership on the one hand and HSC, ENI and CNG on the other.

Transactions Effected at Closing