Common use of Conditions Precedent to the Obligations of Sellers Clause in Contracts

Conditions Precedent to the Obligations of Sellers. The obligations of Sellers under this Agreement are subject, at the option of Sellers, to the satisfaction at or prior to the Closing Date of the condition that no legal action or proceeding shall have been instituted or threatened seeking to restrain, prohibit, invalidate or otherwise materially adversely affect the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Health Management Systems Inc)

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Conditions Precedent to the Obligations of Sellers. The obligations of the Sellers under this Agreement are subjectshall be, at the option of the Sellers, subject to the satisfaction at of the conditions set forth below on or prior to the Closing Date Date. These conditions are for the sole benefit of the condition that no legal action or proceeding shall have been instituted or threatened seeking to restrain, prohibit, invalidate or otherwise materially adversely affect the consummation of the transactions contemplated herebySellers and may be waived by Sellers at any time in its sole discretion.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Licenses (Leap Wireless International Inc)

Conditions Precedent to the Obligations of Sellers. The obligations of Sellers under this Agreement are subjectshall be, at the option of Sellers, subject to the satisfaction at of the conditions set forth below, on or prior to the Closing Date Date. These conditions are solely for the benefit of the condition that no legal action or proceeding shall have been instituted or threatened seeking to restrain, prohibit, invalidate or otherwise materially adversely affect the consummation of the transactions contemplated herebySellers and may be waived by Sellers at any time in their sole discretion.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Licenses (Leap Wireless International Inc)

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Conditions Precedent to the Obligations of Sellers. The obligations of Sellers under this Agreement are subjectshall be, at the option of SellersSeller, subject to the satisfaction at of the conditions set forth below, on or prior to the Closing Date Date. These conditions are solely for the benefit of the condition that no legal action or proceeding shall have been instituted or threatened seeking to restrain, prohibit, invalidate or otherwise materially adversely affect the consummation of the transactions contemplated herebySellers and may be waived by Sellers at any time in its sole discretion.

Appears in 1 contract

Samples: Stock Purchase Agreement (Telanetix,Inc)

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