Common use of Buyer's Conditions of Closing Clause in Contracts

Buyer's Conditions of Closing. Buyer's obligations under this Agreement are subject, at the option of Buyer, to the satisfaction at Closing of the following conditions: (a) All representations and warranties of Seller and Seller's Members contained in this Agreement shall be true in all material respects at and as of the Closing as if such representations and warranties were made at and as of the Closing; and (b) Seller shall have performed and satisfied all covenants required by this Agreement to be performed and satisfied by Seller at or prior to the Closing. Should the above conditions not be satisfied to Buyer's satisfaction as of the Closing, Buyer may, as its sole and exclusive remedy, terminate this Agreement without further liability between the Buyer and Seller.

Appears in 3 contracts

Samples: Asset Purchase Agreement (PetroShare Corp.), Asset Purchase Agreement (PetroShare Corp.), Asset Purchase Agreement (PetroShare Corp.)

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Buyer's Conditions of Closing. Buyer's The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions: (a) All representations and warranties of Seller and Seller's Members Sellers contained in this Agreement shall be true in all material respects at and as of the Closing as if such representations and warranties were made at and as of the Closing; and (b) Seller Sellers shall have performed and satisfied all covenants agreements required by this Agreement to be performed and satisfied by Seller Sellers at or prior to the Closing. Should the above conditions not be satisfied to Buyer's satisfaction as of the Closing, Buyer mayshall, as its his sole and exclusive remedy, terminate this Agreement without further liability between the Buyer and SellerSellers.

Appears in 3 contracts

Samples: Purchase Agreement (Fox Petroleum Inc.), Purchase Agreement (Columbus Ventures Inc.), Purchase Agreement (Fox Petroleum Inc.)

Buyer's Conditions of Closing. Buyer's The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions: (a) All representations and warranties of Seller Sellers and Seller's Members DOG LLC contained in this Agreement shall be true in all material respects at and as of the Closing as if such representations and warranties were made at and as of the Closing; and (b) Seller Sellers shall have performed and satisfied all covenants agreements required by this Agreement to be performed and satisfied by Seller Sellers at or prior to the Closing. Should the above conditions not be satisfied to Buyer's satisfaction as of the Closing, Buyer mayshall, as its sole and exclusive remedy, terminate this Agreement without further liability between the Buyer and Sellerand/or DOG LLC or the Sellers.

Appears in 2 contracts

Samples: Purchase Agreement (Polar Petroleum Corp.), Purchase Agreement (Polar Petroleum Corp.)

Buyer's Conditions of Closing. Buyer's The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions: (a) All representations and warranties of Seller and Seller's Members Sellers contained in this Agreement shall be true in all material respects at and as of the Closing as if such representations and warranties were made at and as of the Closing; and (b) Seller Sellers shall have performed and satisfied all covenants agreements required by this Agreement to be performed and satisfied by Seller Sellers at or prior to the Closing. Should the above conditions not be satisfied to Buyer's satisfaction as of the Closing, Buyer mayshall, as its sole and exclusive remedy, terminate this Agreement without further obligation and/or liability between the Buyer and Sellerand/or the Sellers.

Appears in 1 contract

Samples: Purchase Agreement (Polar Petroleum Corp.)

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Buyer's Conditions of Closing. Buyer's The obligations of Buyer under this Agreement are subject, at the option of Buyer, subject to the satisfaction at or prior to the Closing of the following conditions: (a) All representations and warranties of Seller and Seller's Members contained in this Agreement shall be true in all material respects at and as of the Closing as if such representations and warranties were made at and as of the Closing; and (b) Seller shall have performed and satisfied all covenants obligations required by this Agreement to be performed and satisfied by Seller at or prior to the Closing. ; and (b) Buyer shall be satisfied in its sole and absolute discretion as to the condition of Seller’s title to the Leases and regulatory compliance of operations; (c) Should the above conditions not be satisfied completed to Buyer's ’s satisfaction as of the Closing, Buyer mayshall have the option, as its sole and exclusive remedy, to terminate this Agreement without further liability between the to either Buyer and or Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arena Resources Inc)

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