Common use of Conditions Precedent to Obligation of Each Party to Close Clause in Contracts

Conditions Precedent to Obligation of Each Party to Close. The --------------------------------------------------------- parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable party:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Cross Timbers Oil Co), Purchase and Sale Agreement (Gothic Energy Corp)

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Conditions Precedent to Obligation of Each Party to Close. The --------------------------------------------------------- parties Parties shall be obligated to consummate the sale and purchase of the Producing Properties as contemplated in by this Agreement on the Closing Dateat Closing, provided the following conditions precedent have been satisfied or have been waived by the applicable partyboth Parties:

Appears in 1 contract

Samples: Agreement (Delta Oil & Gas Inc)

Conditions Precedent to Obligation of Each Party to Close. The --------------------------------------------------------- parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable partywaived:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Evergreen Resources Inc)

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Conditions Precedent to Obligation of Each Party to Close. The --------------------------------------------------------- parties shall be obligated to Parties will consummate the sale and purchase of the Properties Interests as contemplated in this Agreement on the Closing Date, provided the following conditions precedent have been satisfied or have been waived by the applicable partyParty:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Occidental Petroleum Corp /De/)

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