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

Conditions Precedent to Obligation of Each Party. Subject to the terms of this Agreement, the Parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date and, as such, each Party shall have the right to pursue specific performance of the other Parties’ obligations hereunder, provided the following conditions precedent have been satisfied or have been waived:

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Enterra Energy Trust), Purchase and Sale Agreement (Enterra Energy Trust), Purchase and Sale Agreement (Enterra Energy Trust)

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Conditions Precedent to Obligation of Each Party. Subject to the terms of this Agreement, the Parties The parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date and, as such, each Party shall have the right to pursue specific performance of the other Parties’ obligations hereunderDate, provided the following conditions precedent have been satisfied or have been waived:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Heartland Oil & Gas Corp), Purchase and Sale Agreement (Infinity Inc)

Conditions Precedent to Obligation of Each Party. Subject to the terms of this Agreement, the Parties The parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date and, as such, each Party shall have the right to pursue specific performance of the other Parties’ obligations hereunderDate, provided the following conditions precedent have been satisfied or have been waivedwaived by the parties:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Panhandle Oil & Gas Inc)

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Conditions Precedent to Obligation of Each Party. Subject to the terms of this Agreement, the Parties The parties shall be obligated to consummate the sale and purchase of the Properties as contemplated in this Agreement on the Closing Date and, as such, each Party shall have the right to pursue specific performance of the other Parties’ obligations hereunderDate, provided the following conditions precedent have been satisfied or have been waivedwaived by the party or parties benefited or affected thereby:

Appears in 1 contract

Samples: Purchase and Sale Agreement (PRB Energy, Inc.)

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