Common use of CONDITIONS OF CLOSING BY SELLER Clause in Contracts

CONDITIONS OF CLOSING BY SELLER. The obligation of Seller to close is subject to the satisfaction of the following conditions: Seller shall be satisfied with the results of its due diligence review of Buyer; all representations and warranties of Buyer contained in the Agreement shall be true, correct and not misleading in all material respects, and Buyer shall have performed and satisfied all agreements and covenants in all material respects required by this Agreement to be performed and satisfied by Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Universal Property Development & Acquisition Corp), Purchase and Sale Agreement (Heartland Oil & Gas Corp), Purchase and Sale Agreement (Universal Property Development & Acquisition Corp)

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CONDITIONS OF CLOSING BY SELLER. The obligation of Seller to close the transactions contemplated in this Agreement is subject to the satisfaction of the following conditions: Seller shall be satisfied with the results of its due diligence review of Buyer; all representations and warranties of Buyer contained in the Agreement shall be true, correct and not misleading in all material respects, and Buyer shall have performed and satisfied all agreements and covenants in all material respects required by this Agreement to be performed and satisfied by Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Greka Energy Corp)

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