Common use of Conditions to Company's and Shareholders' Obligations to Close Clause in Contracts

Conditions to Company's and Shareholders' Obligations to Close. The -------------------------------------------------------------- obligations of the Shareholders and the Company under this Agreement are, at the option of the Shareholders, subject to the conditions set forth below. The Shareholders shall have the right to waive in writing all or part of any one or more of the following conditions without, however, releasing FirstAmerica or Subsidiary from any liability for any loss or damage sustained by Shareholders by reason of the breach by FirstAmerica or Subsidiary of any covenant, obligation or agreement contained herein, or by reason of any misrepresentation made by FirstAmerica or Subsidiary and upon such waiver may proceed with the transactions contemplated by this

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Firstamerica Automotive Inc /De/), Agreement and Plan of Reorganization (Firstamerica Automotive Inc /De/)

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Conditions to Company's and Shareholders' Obligations to Close. The -------------------------------------------------------------- obligations of the Shareholders and the Company under this Agreement are, at the option of the Shareholders, subject to the conditions set forth below. The Shareholders shall have the right to waive in writing all or part of any one or more of the following conditions without, however, releasing FirstAmerica or Subsidiary from any liability for any loss or damage sustained by Shareholders by reason of the breach by FirstAmerica or Subsidiary of any covenant, obligation or agreement contained herein, or by reason of any misrepresentation made by FirstAmerica or Subsidiary and upon such waiver may proceed with the transactions contemplated by thisthis Agreement.

Appears in 1 contract

Samples: 4 Agreement and Plan of Reorganization (Firstamerica Automotive Inc /De/)

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Conditions to Company's and Shareholders' Obligations to Close. The -------------------------------------------------------------- obligations of the Shareholders and the Company under this Agreement are, at the option of the Shareholders, subject to the conditions set forth below. The Shareholders shall have the right to waive in writing all or part of any one or more of the following conditions without, however, releasing FirstAmerica or Subsidiary from any liability for any loss or damage sustained by Shareholders by reason of the breach by FirstAmerica or Subsidiary of any covenant, obligation or agreement contained herein, or by reason of any misrepresentation made by FirstAmerica or Subsidiary and upon such waiver may proceed with the transactions contemplated by thisthis Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Firstamerica Automotive Inc /De/)

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