Conditions to Consummation of the Transactions. 37 Section 7.1 Conditions to the Obligations of Buyer and Seller 37 Section 7.2 Other Conditions to the Obligations of Buyer 38 Section 7.3 Other Conditions to the Obligations of Seller 39 Section 7.4 Frustration of Closing Conditions 39 ARTICLE VIII TERMINATION; AMENDMENT; WAIVER 39 Section 8.1 Termination 39 Section 8.2 40 Section 8.3 Effect of Termination 41 ARTICLE IX INDEMNIFICATION. 42 Section 9.1 Survival 42 Section 9.2 Indemnification by Seller 42 Section 9.3 Third Party Claim Indemnification Procedures 43 Section 9.4 Limitations 44 Section 9.5 Adjustment to Losses 44 Section 9.6 Characterization of Indemnification Payments 45 Section 9.7 Mitigation 45 Section 9.8 Exclusive Remedy 45 ARTICLE X MISCELLANEOUS 46 Section 10.1 Entire Agreement 46 Section 10.2 Assignment 46 Section 10.3 Notices 46 Section 10.4 Fees and Expenses 47 Section 10.5 Construction; Interpretation 47 Section 10.6 Exhibits and Schedules 47 Section 10.7 No Third Party Beneficiaries 48 Section 10.8 Severability 48 Section 10.9 Counterparts; Signatures 48 Section 10.10 Knowledge 48 Section 10.11 Mutual Release. 48 Section 10.12 Legal Representation 49 Section 10.13 Governing Law 50 Section 10.14 Jurisdiction and Venue 50 Section 10.15 WAIVER OF JURY TRIAL 50 Section 10.16 Remedies 51 Section 10.17 Confidentiality 51 Section 10.18 Amendment 52 Section 10.19 Extension; Waiver 52 Section 10.20 No Buyer Shareholder Liability 52 Section 10.21 Seller Guarantee 53 A Form of Joinder This PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of June 1, 2017, is made by and among Macquarie Utilities Holdings, GP, a Delaware general partnership (“Seller”), Eversource Energy, a Massachusetts voluntary association (“Buyer”), and, solely for the purpose of Section 10.21, Macquarie Infrastructure Partners International, L.P., a Delaware limited partnership, Macquarie Infrastructure Partners A, L.P., a Delaware limited partnership, and Macquarie Infrastructure Partners Canada L.P., a limited partnership formed in Ontario, Canada (each a “Seller Guarantor” and collectively the “Seller Guarantors”). Seller and Buyer shall be referred to herein from time to time collectively as the “Parties”. Capitalized terms used but not otherwise defined herein have the meanings set forth in Section 1.1.
Conditions to Consummation of the Transactions. The obligations of each party to consummate the transactions provided for in this Agreement and/or the Closing Documents are subject to the satisfaction or waiver, at or prior to the Closing Date, of the following conditions:
Conditions to Consummation of the Transactions. SECTION 7.01. Conditions to Each Party’s Obligation to Effect the Transactions 44 SECTION 7.02. Conditions to the Obligations of Purchaser 44 SECTION 7.03. Conditions to the Obligations of the Company 45 SECTION 8.01. Termination 46 SECTION 8.02. Termination by Purchaser 47 SECTION 8.03. Termination by the Company 47 SECTION 8.04. Procedure for Termination 48 SECTION 8.05. Extension; Waiver 48 SECTION 9.01. Time and Place 48
Conditions to Consummation of the Transactions. Section 7.1 Conditions to the Obligations of Buyer and the Seller Parties ............................ 66 Section 7.2 Other Conditions to the Obligations of Buyer ..................................................... 66 Section 7.3 Other Conditions to the Obligations of the Seller Parties .................................... 66 ARTICLE 8 TERMINATION .................................................................................................................... 67 Section 8.1 Termination .......................................................................................................... 67 Section 8.2 Effect of Termination ........................................................................................... 68 Section 8.3 Break Fee ............................................................................................................. 68 Section 8.4 Special Reimbursement Payment for Lease Extension........................................ 69 ARTICLE 9
Conditions to Consummation of the Transactions. BY BABF The obligations of BABF under this Agreement are subject to the fulfillment prior to or at the Closing of each of the following conditions, any one or more of which may be waived by BABF
Conditions to Consummation of the Transactions. The consummation of the Exchange Offer, the Consent Solicitation and the other Transactions shall be subject to (i) this Agreement remaining in full force and effect and not having been terminated in accordance with its terms prior to the Closing Date, (ii) the satisfaction of the conditions precedent specified in the Offering Memorandum, the Consent Solicitation Statement, the Commitment Letter and the other Definitive Documents (such conditions may be waived by the Companies in their discretion, subject to the prior written consent of GSO for any such waiver (except for the Minimum Exchange Condition and the Consent Solicitation Condition, which may be reduced or waived by the Companies in their sole discretion)) and (iii) the proviso set forth in Section 8(d) hereof.
Conditions to Consummation of the Transactions. 64 Section 7.1 Conditions to the Obligations of Buyer and Sellers .............................................. 64 Section 7.2 Other Conditions to the Obligations of Buyer ....................................................... 64 Section 7.3 Other Conditions to the Obligations of Sellers ...................................................... 65 ARTICLE 8 TERMINATION ....................................................................................................................... 66 Section 8.1 Termination ........................................................................................................... 66 Section 8.2 Effect of Termination ............................................................................................ 68 ARTICLE 9 INDEMNITY .......................................................................................................................... 69 Section 9.1 Seller’s Indemnity ................................................................................................. 69 Section 9.2 Buyer’s Indemnity ................................................................................................ 69 Section 9.3 SAPURA Claim .................................................................................................... 70 Section 9.4 Limits to the Indemnity Obligation ....................................................................... 70 Section 9.5 Indemnity Procedures ........................................................................................... 72 ARTICLE 10 MISCELLANEOUS .............................................................................................................. 76 Section 10.1 Entire Agreement; Assignment ............................................................................. 76 Section 10.2 Notices .................................................................................................................. 77 Section 10.3
Conditions to Consummation of the Transactions. BY HDA AND HOLDINGS The obligations of HDA and Holdings under this Agreement are subject to the fulfillment prior to or at the Closing of each of the following conditions, any one or more of which may be waived by HDA.
Conditions to Consummation of the Transactions. CONTEMPLATED HEREBY -------------------
Conditions to Consummation of the Transactions. 7.1 Conditions to the Obligations of the Parties. The obligations of the Parties to consummate the Transactions are subject to the satisfaction (or, if permitted by applicable Law, waiver by the Party for whose benefit such condition exists) of the following conditions:
(a) no Order (including a temporary restraining Order or preliminary injunction) issued by a Governmental Authority of competent jurisdiction preventing the consummation of the Transactions shall be in effect;
(b) the Required SPAC Shareholder Approval shall have been obtained;
(c) the Form F-4 and the Form F-6 shall have become effective in accordance with the provisions of the Securities Act, no stop order shall have been issued by the SEC which remains in effect with respect to the Form F-4 or the Form F-6, and no proceeding seeking a stop order shall have been initiated or threatened by the SEC which remains pending;
(d) the Parent ADSs and Parent Warrants (and the Parent ADSs represented thereby) shall be approved for listing on Nasdaq upon official notice of issuance thereof;
(e) the Reorganization, including the receipt of any approval of BSP and any other Governmental Authority required in connection thereof, shall have been completed in accordance with the Reorganization Step Plan (as the same may be modified in accordance with the terms of this Agreement);
(f) the Organizational Documents of Parent shall have been amended in accordance with Section 6.17; and
(g) the Subscription Dividend shall have been declared and distributed (or the Alternative Subscription Funding Process shall have been implemented) and the obligations under the Subscription Agreement shall be performed (or will be performed simultaneously with the Closing).
