Conditions Precedent to. Each Party's Obligation to Effect the Merger The respective obligations of each party to effect the Merger shall be subject to the satisfaction on or prior to the Closing of the following conditions, any one or more of which may be waived by them, to the extent permitted by law: Section 8.1 New Line of Credit. A new line of credit shall be secured by the Parent, commensurate with the Company Stockholder's line of credit currently existing with Bear Stearns.
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Samples: Merger Agreement (Ppi Capital Group Inc), Merger Agreement (Ppi Capital Group Inc), Merger Agreement (Ppi Capital Group Inc)
Conditions Precedent to. Each Party's Obligation to Effect the Merger The respective obligations of each party to effect the Merger shall be subject to the satisfaction on or prior to the Closing of the following conditions, any one or more of which may be waived by them, to the extent permitted by law:
Section 8.1 New Line of Credit. A new line of credit shall be secured by the Parent, commensurate with the Company Stockholder's line of credit currently existing with Bear StearnsXxxxxxx.
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