Common use of Conditions Precedent to Consummation of the IPO Clause in Contracts

Conditions Precedent to Consummation of the IPO. As soon as practicable after the Separation Date, the parties hereto shall use their reasonable commercial efforts to satisfy the conditions listed below to the consummation of the IPO. The obligations of the parties to use their reasonable commercial efforts to consummate the IPO shall be conditioned on the satisfaction, or waiver by REI, of the following conditions:

Appears in 3 contracts

Samples: Master Separation Agreement (Reliant Resources Inc), Master Separation Agreement (Reliant Resources Inc), Master Separation Agreement (Reliant Energy Resources Corp)

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Conditions Precedent to Consummation of the IPO. As soon as practicable after the Separation Date, the parties hereto shall use their reasonable commercial efforts to satisfy the conditions listed below to the consummation of the IPO. The obligations of the parties to use their reasonable commercial efforts to consummate the IPO shall be conditioned on the satisfaction, or waiver by REISouthern, of the following conditions:

Appears in 3 contracts

Samples: Master Separation and Distribution Agreement (Savannah Electric & Power Co), Master Separation and Distribution Agreement (Southern Energy Inc), Master Separation and Distribution Agreement (Southern Energy Inc)

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Conditions Precedent to Consummation of the IPO. As soon as practicable after the Separation Date, the parties hereto shall use their reasonable commercial efforts to satisfy the conditions listed below to the consummation of the IPO. The obligations of the parties to use their reasonable commercial efforts to consummate the IPO shall be conditioned on the satisfaction, or waiver by REI, of the following conditions:

Appears in 1 contract

Samples: Master Separation and Distribution Agreement (Allegheny Energy Inc)

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