Common use of Conditions to Each Party’s Obligation to Effect the Closing Clause in Contracts

Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect the Closing is conditional on the nonexistence at the Closing Date of any Applicable Law enacted or promulgated by any Governmental Entity which prohibits the consummation of the Closing or any pending or threatened Claim of a court of competent jurisdiction or Governmental Entity in effect precluding consummation of the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase and Sale Agreement (Royal Standard Minerals Inc)

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Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect the Closing is conditional on subject to the nonexistence condition that there shall not be in effect at or prior to the Closing Date any Law or Order of any Applicable Law enacted or promulgated by any Governmental Entity which Authority of competent jurisdiction that prohibits the consummation of the Closing as provided herein; and there shall be no Order or any pending or threatened Claim injunction of a court of competent jurisdiction or Governmental Entity in effect precluding consummation of the ClosingClosing or the Transaction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Loudeye Corp)

Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect consummate the Closing is conditional shall be subject to the satisfaction or waiver on the nonexistence at or prior to the Closing Date of any Applicable the following condition: no Law shall have been enacted or promulgated by any Governmental Entity which expressly prohibits the consummation of the Closing Closing; and there shall be no order or any pending or threatened Claim injunction of a court of competent jurisdiction or Governmental Entity in effect precluding expressly prohibiting consummation of the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (MDC Partners Inc)

Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect the Closing is conditional on shall be subject to the nonexistence at the Closing Date absence of any Applicable Law statute, rule or regulation enacted or promulgated by any Governmental Entity governmental authority which prohibits the consummation of the Closing Closing; and there shall be no order or any pending or threatened Claim injunction of a court of competent jurisdiction or Governmental Entity in effect precluding consummation of the Closing.;

Appears in 1 contract

Samples: Asset Purchase Agreement (Cash Systems Inc)

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Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect the Closing is conditional on the nonexistence at the Closing Date of any Applicable Law enacted or promulgated by any Governmental Entity which prohibits the consummation of the Closing or any any‌ pending or threatened Claim of a court of competent jurisdiction or Governmental Entity in effect precluding consummation of the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement

Conditions to Each Party’s Obligation to Effect the Closing. The respective obligation of each party to effect the Closing is conditional on shall be subject to the nonexistence following: (a) there not being at or prior to the Closing Date of any Applicable Law statute, rule or regulation enacted or promulgated by any Governmental Entity which prohibits the consummation of the Closing Closing; and there shall be no order or any pending or threatened Claim injunction of a court of competent jurisdiction or Governmental Government Entity in effect precluding consummation of the Closing; and (b) the receipt of the Required Third Party Consents.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hybrid Fuels Inc)

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