Concurrent Delivery Clause Samples
The Concurrent Delivery clause establishes that the parties involved are required to deliver their respective obligations or goods at the same time. In practice, this means that each party’s performance—such as payment and transfer of goods—must occur simultaneously, ensuring that neither party is required to perform first without receiving the corresponding performance from the other. This clause is primarily used to protect both parties from the risk of non-performance by the other, thereby promoting fairness and reducing the likelihood of disputes over the sequence of obligations.
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Concurrent Delivery. It shall be a condition of the Closing that all matters of payment and the execution and delivery of documents by any party to the others pursuant to the terms of this Agreement shall be concurrent requirements and that nothing will be complete at the Closing until everything required as a condition precedent to the Closing has been paid, executed and delivered, as the case may be.
Concurrent Delivery. Subject to Section 3.5, it shall be a condition of the Closing that all matters of payment, the execution and delivery of the documents by any Party to the other, and the performance of any steps by any Party that are required pursuant to the terms of this Agreement to be delivered at the Closing Time shall be concurrent requirements and that nothing will be complete at the Closing until everything is required as a condition precedent to the Closing has been paid, executed and delivered as the case may be.
Concurrent Delivery. It shall be a condition of the execution and delivery of this Agreement that all matters of payment and the execution and delivery of documents by any Party to the other Parties pursuant to the terms of this Agreement shall be concurrent requirements and that nothing will be complete until everything required as a condition precedent to the execution and delivery of this Agreement has been paid, executed and delivered, as the case may be.
Concurrent Delivery. For the avoidance of doubt, it shall be a condition of the Closing that all matters of payment and the execution and delivery of documents by any Party to the others pursuant to the terms and subject to the conditions of this Agreement shall be concurrent requirements and that nothing will be complete at the Closing until everything required as a condition precedent to the Closing has been paid, executed and delivered, as the case may be.