Common use of Closing and Further Acts Clause in Contracts

Closing and Further Acts. The closing of the exchange (the "Closing") will occur as soon practicable after the execution of this Agreement by all parties hereto, but not later than July 1, 1999 (the "Closing Date"). At the Closing, Xxxxx and Xxxxxxx will tender to CLMI certificates and any other documents evidencing 100% of Xxxxx' and Xxxxxxx'x ownership in Wood Ranch, and CLMI will deliver to Xxxxx a stock certificate evidencing 375,000 shares of the Common Stock of CLMI and will deliver to Xxxxxxx a stock certificate evidencing 500,000 shares of the Common Stock of CLMI being issued to Xxxxx and Xxxxxxx pursuant to this Agreement. All parties to this Agreement hereby agree to execute all other documents and take all other action which are reasonably necessary or appropriate in order to effect all of the transactions contemplated by this Agreement.

Closing and Further Acts. The closing of the exchange (the "Closing") will occur as soon practicable after the execution of this Agreement by all parties hereto, but not later than July 1, 1999 (the "Closing Date"). At the Closing, Xxxxx and Xxxxxxx Xxxxxx-Xxxxx will tender to CLMI certificates and any other documents evidencing 100% of Xxxxx' and Xxxxxxx'x Xxxxxx-Xxxxx'x ownership in Wood RanchPolygonal, and CLMI will deliver to Xxxxx and Xxxxxx-Xxxxx each a stock certificate evidencing 375,000 300,000 shares of the Common Stock of CLMI and will deliver to Xxxxxxx a stock certificate evidencing 500,000 shares of the Common Stock Stock, par value $.001 per share, of CLMI being issued to Xxxxx and Xxxxxxx Xxxxxx-Xxxxx pursuant to this Agreement. All parties to this Agreement hereby agree to execute all other documents and take all other action which are reasonably necessary or appropriate in order to effect all of the transactions contemplated by this Agreement.