CONDITIONS TO CLOSING 44 Sample Clauses

CONDITIONS TO CLOSING 44. Section 8.1 Conditions to Each Party’s Obligations 44 Section 8.2 Additional Conditions to Obligations of the Acquirors 44 Section 8.3 Additional Conditions to Obligations of the Company 45 Section 8.4 Frustration of Closing Conditions 46 ARTICLE IX TERMINATION 46 Section 9.1 Termination 46 Section 9.2 Effect of Termination 46 ARTICLE X INDEMNIFICATION 47 Section 10.1 Survival 47 Section 10.2 Indemnification by the Shareholders 47 Section 10.3 Indemnification by Purchaser and Parent 48 Section 10.4 Certain Matters Relating to Indemnification 48 Section 10.5 Claims 50 Section 10.6 Notice of Third Party Claims; Assumption of Defense 50 Section 10.7 Settlement or Compromise 51 Section 10.8 Duty to Mitigate; Calculation of Losses 52 Section 10.9 Consideration Adjustments 52 Section 10.10 No Right of Contribution 52 Section 10.11 Exclusive Remedy 52 Section 10.12 Release of Escrow Amount 52 ARTICLE XI MISCELLANEOUS 53 Section 11.1 Expenses 53 Section 11.2 Amendments 53 Section 11.3 Notices 53 Section 11.4 The Shareholders Representative 54 Section 11.5 Waivers 55 Section 11.6 Assignment 55 Section 11.7 No Third Party Beneficiaries 55 Section 11.8 Further Assurances 55 Section 11.9 Severability 55 Section 11.10 Entire Agreement 55 Section 11.11 No Strict Construction 56 Section 11.12 Governing Law 56 Section 11.13 Jurisdiction, Service, and Venue 56 Section 11.14 WAIVER OF TRIAL BY JURY 56 Section 11.15 Equitable Relief 56 Section 11.16 No Waiver of Privilege; Protection from Disclosure or Use 57 Section 11.17 Attorney-Client Privilege and Conflict Waiver 57 Section 11.18 Counterparts 58 Section 11.19 Other Definitional Provisions and Interpretation; Schedules 58 Section 11.20 Non-Recourse 58 ANNEX I DEFINITIONS 62 This STOCK PURCHASE AGREEMENT is made as of December 21, 2023, by and among PROFICIENT AUTO LOGISTICS, INC., a Delaware corporation (“Parent”), PAL STOCK ACQUIROR, INC., a Delaware corporation and wholly-owned Subsidiary of Parent (“Purchaser”, and together with Parent, the “Acquirors”, and individually, an “Acquiror”), PROFICIENT AUTO TRANSPORT, INC. (formerly known as Proficient Auto, Inc.), a Florida corporation (the “Company”), the SHAREHOLDERS identified on Schedule A hereto (individually, a “Shareholder”, and collectively, the “Shareholders”), and BOCF, LLC, a Delaware limited liability company, solely in its capacity as the initial Shareholders Representative (the “Shareholders Representative”). Each of Purchaser, Parent, the Shareholders, and ...
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CONDITIONS TO CLOSING 44. Section 7.1 Conditions to Obligations of All Parties. 44 Section 7.2 Conditions to Obligations of Buyer. 44 Section 7.3 Conditions to Obligations of the Company, Cannabist and the Member. 45 ARTICLE VIII TERMINATION 45 Section 8.1 Termination. 45 Section 8.2 Effect of Termination. 46 ARTICLE IX MISCELLANEOUS 46 Section 9.1 Amendment and Waiver 46 Section 9.2 Notices 47 Section 9.3 Assignment 47 Section 9.4 Severability 47 Section 9.5 Interpretation 48 Section 9.6 Entire Agreement 48 Section 9.7 Counterparts; Electronic Delivery 48 Section 9.8 Governing law; Waiver of Jury Trial; Arbitration 48 Section 9.9 Specific Performance 49 Section 9.10 No Third-Party Beneficiaries 49 Section 9.11 Schedules 49 Section 9.12 Excluded Claims. 50 FH12251261.5 This Equity Purchase Agreement (this “Agreement”) is entered into as of July 29, 2024, by and among (i) Verano Arizona, LLC, an Arizona limited liability company (“Buyer”), (ii) 203 Organix L.L.C., an Arizona limited liability company (the “Company”), (iii) Columbia Care-Arizona, Xxxxxxxx, L.L.C., an Arizona limited liability company (the “Member”), (iv) The Cannabist Company Holdings Inc., a British Columbia corporation (“Cannabist”) and (v) solely for purposes of Sections 2.4(d) and 6.2(e), CC VA Holdco LLC, a Delaware limited liability company (“CC VA”). Buyer, the Company, the Member, CC VA and Cannabist are collectively referred to herein as the “Parties”, and individually as a “Party”.
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CONDITIONS TO CLOSING 44. Section 7.1 Shared Conditions to the Parties’ Obligations 44 Section 7.2 Conditions to Buyer’s Obligations 45 Section 7.3 Conditions to Selling Parties’ Obligations 46
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CONDITIONS TO CLOSING 44. Section 5.1. Conditions to the Obligations of the Company, the Purchaser and the Sellers 44 Section 5.2. Other Conditions to the Obligations of the Purchaser 44 Section 5.3. Other Conditions to the Obligations of the Company and the Sellers 46 Section 5.4. Frustration of Closing Conditions 46 ARTICLE VI. TERMINATION; AMENDMENT; WAIVER 46 Section 6.1. Termination 46 Section 6.2. Effect of Termination 48 Section 6.3. Amendment 48 Section 6.4. Extension; Waiver 48 ARTICLE VII. SURVIVAL AND INDEMNIFICATION 48 Section 7.1. Survival of Representations, Warranties 48 Section 7.2. Indemnification by the Sellers 49 Section 7.3. Indemnification by the Purchaser 49 Section 7.4. Limitations on Indemnification 50 Section 7.5. Claim Procedures 51 Section 7.6. Treatment of Indemnification Payments 53 Section 7.7. Exclusive Remedy 53
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CONDITIONS TO CLOSING 44. 7.1 Conditions to Obligations of All Parties 44 7.2 Conditions to Obligations of Holdings and Merger Sub 45 7.3 Conditions to Obligations of the Company 46 8.1 Survival 46 8.2 Indemnification by Stockholders 46 8.3 Indemnification By Holdings 47 8.4 Certain Limitations 48 8.5 Indemnification Procedures 48 8.6 Payments; Setoff 50 8.7 Tax Treatment of Indemnification Payments 50 8.8 Effect of Investigation 50 8.9 Exclusive Remedies 50 9.1 Termination 51 9.2 Effect of Termination 52 9.2 Breakup Fee 52 10.1 Stockholder Representative 52 10.2 Expenses 54 10.3 Notices 54 10.4 Interpretation 55 10.5 Headings 55 10.6 Severability 55 10.7 Entire Agreement 55 10.8 Successors and Assigns 56 10.9 No Third-party Beneficiaries 56 10.10 Amendment and Modification; Waiver 56 10.11 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 56 10.12 Arbitration Procedure 57 10.13 Specific Performance 58 10.14 Counterparts 58 THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of November 2, 2020, is entered into among UpHealth Holdings, Inc., a Delaware corporation, (“Holdings”), UpHealth MedQuest Merger Sub, Inc., a Utah corporation and wholly owned subsidiary of Holdings (“Merger Sub”), Innovations Group, Inc., a Utah corporation (the “Company”), and Xxxxxxx X. Xxxx, in his capacity as the Stockholder Representative (“Stockholder Representative”).
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CONDITIONS TO CLOSING 44. Section 5.1. Conditions to Each Party’s Obligation to Effect the Closing 44 Section 5.2. Additional Conditions to Obligations of Buyer 45 Section 5.3. Additional Conditions to Obligations of Seller 46 ARTICLE VI. TERMINATION AND AMENDMENT 46 Section 6.1. Termination 46 Section 6.2. Effect of Termination 48 ARTICLE VII. SURVIVAL; INDEMNIFICATION 49 Section 7.1. Survival of Representations, Warranties, Covenants and Agreements 49 Section 7.2. Indemnification 50 Section 7.3. Interpretation 50 Section 7.4. Procedure for Claims between Parties 51 Section 7.5. Defense of Third Party Claims 51 Section 7.6. Limitations on Indemnity 52 Section 7.7. Payment of Damages 53 Section 7.8. Exclusive Remedy 53 Section 7.9. Treatment of Indemnification Payments 53 ARTICLE VIII. TITLE TO REAL PROPERTY 54 Section 8.1. Title Policy and UCC Search 54 Section 8.2. Survey 54 Section 8.3. Defects 54 ARTICLE IX. MISCELLANEOUS 55 Section 9.1. Definitions 55 Section 9.2. Governing Law; Consent to Jurisdiction; Waiver of Trial by Jury 66 Section 9.3. Notices 67 Section 9.4. Interpretation 68 Section 9.5. Headings 68 Section 9.6. Entire Agreement 68 Section 9.7. Severability 69 Section 9.8. Assignment 69 Section 9.9. Parties of Interest; No Third Party Beneficiaries 69 Section 9.10. Counterparts 69 Section 9.11. Mutual Drafting 69 Section 9.12. Amendment 70 Section 9.13. Extension; Waiver 70
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CONDITIONS TO CLOSING 44. Section 8.01 Conditions to Obligations of All Parties 45 Section 8.02 Conditions to Obligations of Royale and Parent 46 Section 8.03 Conditions to Obligations of Holders 47 Section 8.04 Closing Deliverables 49 ARTICLE IX TERMINATION 51 Section 9.01 Termination 51 Section 9.02 Effect of Termination 52 ARTICLE X MISCELLANEOUS 52 Section 10.01 Expenses 52 Section 10.02 Notices 53 Section 10.03 Interpretation 53 ii Section 10.04 Headings 54 Section 10.05 Severability 54 Section 10.06 Entire Agreement 54 Section 10.07 Successors and Assigns 54 Section 10.08 Amendment and Modification; Waiver 54
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CONDITIONS TO CLOSING 44. 4.01.1. Closing Submissions 44 4.01.2. Fees 44 4.01.4 Closing Date 44 4.01.4 Existing Revolver 44 4.02.3 Purchase Agreement 44 4.02.4 Acquisition Information 44 4.02.1 Funding Submissions 45 4.02.2 Credit Party Expenses 45 4.02.5 Senior Leverage Ratio 45 4.02.6 Debt Capitalization Ratio 45
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CONDITIONS TO CLOSING 44. Section 6.01 Conditions to Obligations of All Parties. 44 Section 6.02 Conditions to Obligations of Purchaser. 45 Section 6.03 Conditions to Obligations of Vendor. 47 Section 6.04 Post-Closing Covenants. 48 Section 7.01 Survival. 50 Section 7.02 Indemnification By Vendor 50 Section 7.03 Indemnification By Purchaser. 51 Section 7.04 Certain Limitations. 51 Section 7.05 Indemnification Procedures. 52 Section 7.06 Payments. 54 Section 7.07 Tax Treatment of Indemnification Payments. 54 Section 7.08 Exclusive Remedies. 54 Section 8.01 Termination. 55 Section 8.02 Effect of Termination. 56 Section 9.01 Expenses. 56 Section 9.02 Notices. 56 Section 9.03 Interpretation. 57 Section 9.04 Headings. 58 Section 9.05 Severability 58 Section 9.06 Entire Agreement. 58 Section 9.07 Successors and Assigns. 58 Section 9.08 No Third Party Beneficiaries. 58 Section 9.09 Amendment and Modification; Waiver 59 Section 9.10 Governing Law; Submission to Jurisdiction. 59 Section 9.11 Specific Performance 59 Section 9.12 Time of the Essence 59 Section 9.13 Counterparts. 59 Schedule 1.0 AGB Shareholders........................................................................................ -1 Schedule 3.02(c) Outstanding Convertable Securities of AGB ............................................... -3 Schedule 3.06 AGB Liabilities ............................................................................................ -4 Schedule 3.08 AGB Material Contracts............................................................................... -5 Schedule 3.09(a) Default Under Lease Agreement .................................................................. -6 Schedule 3.11(a) License Application and Correspondence .................................................... -7 Schedule 3.11(b) Construction Budget..................................................................................... -8 Schedule 3.12 Summary of Insurance Policies .................................................................... -9 Schedule 3.19(a) Employment and Consulting Agreements.................................................. -10 Schedule 4.10 RVT Liabilities........................................................................................... -11 Schedule 4.11(a) RVT Material Contracts ............................................................................. -12 Schedule 5.01(b) Deferred Lease Payments ........................................................................... -13 Schedule 6.02(n)...
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