Common use of CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE Clause in Contracts

CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation to close the purchase and sale of the Acquired Assets as contemplated in this Agreement is conditioned upon the occurrence or waiver by Seller of the following: (a) All representations and warranties of Buyer made in this Agreement or in any exhibit hereto delivered by Buyer shall be true and correct on and as of the Closing date with the same force and effect as if made on and as of that date. (b) Buyer shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or at the Closing Date.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.)

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CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s 's obligation to close the stock purchase and sale of the Acquired Assets as contemplated in this Agreement is conditioned upon the occurrence or waiver by Seller of the following: (a) All representations and warranties of Buyer made in this Agreement or in any exhibit hereto delivered by Buyer shall must be true and correct on and as of the Closing date Date with the same force and effect as if made on and as of that date. (b) Buyer shall must have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or at the Closing Date.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Wytec International Inc), Stock Purchase Agreement (Environmental Service Professionals, Inc.), Stock Purchase Agreement (Environmental Service Professionals, Inc.)

CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation to close the asset purchase and sale of the Acquired Assets as contemplated in this Agreement is conditioned upon the occurrence or waiver by Seller of the following: (a) Buyer has delivered to Seller a Certificate evidencing Buyer’s obligation to issue the Shares to Seller. (b) All representations and warranties of Buyer made in this Agreement or in any exhibit hereto delivered by Buyer shall must be true and correct on and as of the Closing date Date with the same force and effect as if made on and as of that date. (bc) Buyer shall must have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or at the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Streamtrack, Inc.)

CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation Seller shall be obligated to close consummate the purchase and sale of the Acquired Assets Properties as contemplated in by this Agreement is conditioned upon on the occurrence Closing Date, provided the following conditions precedent have been satisfied or waiver have been waived by Seller of the followingSeller: (a) 16.1.1 All representations and warranties of Buyer made contained in this Agreement or in any exhibit hereto delivered by Buyer shall be true and correct on in all material respects at and as of the Closing date with the same force as though such representations and effect as if warranties were made on at and as of that date.such time; and (b) 16.1.2 Buyer shall have performed and complied in all material respects with all agreements obligations and conditions required by contained in this Agreement to be performed or complied with by Buyer on or prior to or at the Closing DateClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hs Resources Inc)

CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation Seller shall be obligated to close consummate the purchase and sale of the Acquired Assets Properties as contemplated in by this Agreement is conditioned upon on the occurrence Closing Date, provided the following conditions precedent have been satisfied or waiver have been waived by Seller of the followingSeller: (a) 13.1.1 All representations and warranties of Buyer made contained in this Agreement or in any exhibit hereto delivered by Buyer shall be true and correct on in all material respects at and as of the Closing date with the same force as though such representations and effect as if warranties were made on at and as of that date.such time; and (b) 13.1.2 Buyer shall have performed and complied in all material respects with all agreements obligations and conditions required by contained in this Agreement to be performed or complied with by Buyer on or prior to or at the Closing DateClosing.

Appears in 1 contract

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

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CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation to close the asset purchase and sale of the Acquired Assets as contemplated in this Agreement is conditioned upon the occurrence or waiver by Seller of the following: (a) Buyer has delivered to Seller a certificate evidencing the Units issued to Seller as the Purchase Price for the Acquired Assets. (b) All representations and warranties of Buyer made in this Agreement or in any exhibit hereto delivered by Buyer shall must be true and correct on and as of the Closing date Date with the same force and effect as if made on and as of that date. (bc) Buyer shall must have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or at the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bonanza Goldfield Corp.)

CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE. Seller’s obligation Sellers shall be obligated to close consummate the purchase and sale of the Acquired Assets as contemplated in by this Agreement is conditioned upon on the occurrence Closing Date, provided the following conditions precedent have been satisfied or waiver have been waived by Seller of the followingSellers: (a) All representations and warranties of Buyer made contained in this Agreement or in any exhibit hereto delivered by Buyer shall be true and correct on in all material respects at and as of the Closing date with the same force as though such representations and effect as if warranties were made on at and as of that date.such time; and (b) Buyer shall have performed and complied in all material respects with all agreements obligations and conditions required by contained in this Agreement to be performed or complied with by Buyer on or prior to or at the Closing DateClosing.

Appears in 1 contract

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

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