Conditions Precedent to Obligations of Purchaser and Seller. The respective obligations of Purchaser and Seller to consummate the Transactions are subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser and Seller in whole or in part to the extent permitted by applicable Law): (a) there shall not be in effect any Order by a Governmental Body restraining, enjoining or otherwise prohibiting the consummation of the Transactions; and (b) the Bankruptcy Court shall have entered the Approval Order and the Approval Order shall not be subject to a stay or have been vacated or revoked.
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Samples: Asset Purchase Agreement, Asset Purchase Agreement (FTD Companies, Inc.), Asset Purchase Agreement
Conditions Precedent to Obligations of Purchaser and Seller. The respective obligations of Purchaser and Seller to consummate the Transactions transactions contemplated by this Agreement are subject to the fulfillment, on or prior to before the Closing Date, of each of the following conditions (any or all of which may be waived by Purchaser and Seller in whole or in part to the extent permitted by applicable Law):
(a) there shall not be in effect any Law or Order by a Governmental Body Authority of competent jurisdiction restraining, enjoining or otherwise prohibiting the consummation of the Transactionstransactions contemplated hereby; and
(b) the Bankruptcy Court Company Approvals shall have entered the Approval Order and the Approval Order shall not be subject to a stay or have been vacated or revokedobtained.
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