Conditions for Release of Escrowed Shares to Sellers. The Escrowed Shares shall be released to the Sellers upon the satisfaction of each of the following conditions on the first anniversary of the closing of the First Step Equity Infusion:
Conditions for Release of Escrowed Shares to Sellers Sample Clauses
Related to Conditions for Release of Escrowed Shares to Sellers
Release of Escrow Securities (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.
WARRANTY – DELIVERABLES The Contractor warrants and represents that all deliverables sold the City under the Contract shall be free from defects in design, workmanship or manufacture, and conform in all material respects to the specifications, drawings, and descriptions in the Solicitation, to any samples furnished by the Contractor, to the terms, covenants and conditions of the Contract, and to all applicable State, Federal or local laws, rules, and regulations, and industry codes and standards. Unless otherwise stated in the Solicitation, the deliverables shall be new or recycled merchandise, and not used or reconditioned.
Seller’s Representations Seller represents and warrants to Buyer as follows:
Seller’s Deliveries At the Closing, Seller shall deliver to Buyer:
At closing (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property.
Deliveries at Closing At the Closing:
Seller’s Closing Deliveries At the Closing, Seller shall deliver or cause to be delivered the following:
Seller’s Obligations at Closing At Closing, Seller shall:
Buyer’s Representations Buyer represents and warrants to, and covenants with, Seller as follows:
Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:
