Common use of Condition to Closing Clause in Contracts

Condition to Closing. Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

Appears in 6 contracts

Samples: Share Purchase Agreement (Atlas Industries Holdings LLC), Share Purchase Agreement (Atlas Industries Holdings LLC), Share Purchase Agreement (Atlas Industries Holdings LLC)

AutoNDA by SimpleDocs

Condition to Closing. Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, Issuer will not be obligated to issue the Restricted Shares, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

Appears in 3 contracts

Samples: Share Purchase Agreement (Compass Diversified Trust), Share Purchase Agreement (Compass Group Diversified Holdings LLC), Share Purchase Agreement (Compass Diversified Trust)

AutoNDA by SimpleDocs

Condition to Closing. Buyer Such Purchaser acknowledges and agrees that the Closing closing of the purchase and sale contemplated hereby is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer such Purchaser shall not be required to purchase the Restricted Shares and this Agreement may be terminated shall terminate in accordance with Section 5(k) 6 below.

Appears in 2 contracts

Samples: Purchase Agreement (BioFuel Energy Corp.), Purchase Agreement (BioFuel Energy Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!