Common use of Condition Precedent to Buyer’s Obligation to Close Clause in Contracts

Condition Precedent to Buyer’s Obligation to Close. Buyer’s obligation to purchase the Seller Units is subject to the Buyer giving written notice to Seller that Buyer has closed an anticipated financing transaction. If Buyer has not delivered such notice to Seller by 12 p.m. EST on December 23, 2011, then this Agreement shall terminate and shall be of no further force or effect.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Pacific Ethanol, Inc.), Agreement for Purchase and Sale (Pacific Ethanol, Inc.)

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Condition Precedent to Buyer’s Obligation to Close. Buyer’s obligation to purchase the Seller Units and the Assigned Interest is subject to the Buyer giving written notice to Seller that Buyer has closed an anticipated financing transactionthe Closing Notice. If Buyer has not delivered such notice the Closing Notice to Seller Sellers by 12 5 p.m. EST on December 23June 25, 20112013, then this Agreement shall terminate and shall be of no further force or effecteffect and neither party shall have any further liability or obligation pursuant hereto.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Loans and Units (Pacific Ethanol, Inc.)

Condition Precedent to Buyer’s Obligation to Close. Buyer’s obligation to purchase the Seller Units and the Assigned Interest is subject to the Buyer giving written notice to Seller that Buyer has closed an anticipated financing transactionthe Closing Notice. If Buyer has not delivered such notice the Closing Notice to Seller by 12 5 p.m. EST on December 23March 29, 20112013, then this Agreement shall terminate and shall be of no further force or effecteffect and neither party shall have any further liability or obligation pursuant hereto.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Pacific Ethanol, Inc.)

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Condition Precedent to Buyer’s Obligation to Close. Buyer’s obligation to purchase the Seller Units is subject to the Buyer giving written notice to Seller that Buyer has closed an anticipated financing transaction. If Buyer has not delivered such notice to Seller by 12 5 p.m. EST on December 23, 2011, then this Agreement shall terminate and shall be of no further force or effect.

Appears in 1 contract

Samples: Agreement for Purchase (Pacific Ethanol, Inc.)

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