Agreement and Closing Clause Samples

Agreement and Closing. Closing will occur, following the signing of the final contract between the Parties (the "Definitive Agreement"), which will occur after the completion of Due Diligence as set forth in Paragraph 12. It is presently contemplated that the signing of the Definitive Agreement will occur approximately fifteen (15) days from the signing of this Letter of Intent, and that Closing will occur as soon as practicable thereafter upon completion of all closing conditions.

Agreement and Closing. This Memorandum is a binding agreement of the parties to enter into the Final Agreement, subject only to the closing conditions set forth in this Memorandum. The parties to this Memorandum agree to work diligently to prepare and execute the Final Agreement within 30 days from the date of this Memorandum and to use their best efforts to close the transactions contemplated herein (the “Closing”) within 60 days from the date of this Memorandum.

Agreement and Closing. The parties to this Memorandum agree to work diligently to prepare and execute the Agreement within 30 days from the date of this Memorandum and to use their best efforts to close the transactions contemplated herein (the “Closing”) within 60 days from the date of this Memorandum. The Closing and all of the transactions contemplated herein will be subject to CSMC’s prior review and approval of Yu’s serving as OMI’s Chief Scientific Officer and as a director of OMI.

Agreement and Closing