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Agreement or which seek material damages in connection with the transactions contemplated hereby.\n(b) Seller\u2019s sale of the Assets to Buyer shall have been approved by the requisite vote of the stockholders of Seller (\u201cStockholder Approval\u201d) in accordance with its organizational documents and the Swiss Corporation Law", "hash": "f89c2e2fb36b6f5faecf99347b5152a5", "id": 8}, {"size": 3, "snippet_links": [{"key": "agreement-to", "type": "clause", "offset": [49, 61]}, {"key": "re-closing", "type": "clause", "offset": [73, 83]}, {"key": "subject-to-the", "type": "clause", "offset": [87, 101]}, {"key": "satisfaction-of", "type": "clause", "offset": [102, 117]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [157, 182]}, {"key": "executed-by", "type": "clause", "offset": [244, 255]}, {"key": "party-or-parties", "type": "definition", "offset": [271, 287]}, {"key": "the-conditions", "type": "clause", "offset": [293, 307]}, {"key": "section-61", "type": "clause", 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and (y) no waiver of any condition in Section 6.1 of the Equity Purchase Agreement by any party to the Equity Purchase Agreement shall be deemed to be a waiver of this Section 5.1(a); and\n(b) the Equity Purchase Agreement shall not have been terminated in accordance with its terms.", "hash": "f7c4061643aa6c17d93ba6e9666ca926", "id": 9}, {"size": 3, "snippet_links": [{"key": "obligations-of-seller-and-buyer", "type": "clause", "offset": [4, 35]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [50, 97]}, {"key": "the-option", "type": "clause", "offset": [114, 124]}, {"key": "of-each-party", "type": "clause", "offset": [125, 138]}, {"key": "satisfaction-or-waiver", "type": "clause", "offset": [147, 169]}, {"key": "by-both-parties", "type": "clause", "offset": [170, 185]}], "samples": [{"hash": "bD0YQWnEynH", "uri": "/contracts/bD0YQWnEynH#conditions-to-obligations-of-both-parties", "label": "Purchase and Sale Agreement (Delta Petroleum Corp/Co)", 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["no-injunctions-or-restraints-illegality", "No Injunctions or Restraints; Illegality"], ["effective-registration-statement", "Effective Registration Statement"]], "id": "conditions-to-obligations-of-both-parties", "related": [["conditions-to-obligations-of-company", "Conditions to Obligations of Company", "Conditions to Obligations of Company"], ["conditions-to-obligations-of-the-parties", "Conditions to Obligations of the Parties", "Conditions to Obligations of the Parties"], ["conditions-to-obligations-of-parent", "Conditions to Obligations of Parent", "Conditions to Obligations of Parent"], ["conditions-to-obligations-of-buyer", "Conditions to Obligations of Buyer", "Conditions to Obligations of Buyer"], ["conditions-to-obligations-of-the-buyer", "Conditions to Obligations of the Buyer", "Conditions to Obligations of the Buyer"]], "related_snippets": [], "updated": "2026-06-17T04:52:08+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Conditions to Obligations of Both Parties' clause defines the specific requirements that must be satisfied before either party is required to fulfill their contractual obligations. Typically, these conditions may include obtaining necessary regulatory approvals, the absence of legal impediments, or the completion of due diligence. By clearly outlining these prerequisites, the clause ensures that both parties are protected from having to perform under the contract until all agreed-upon conditions are met, thereby reducing risk and promoting fairness in the transaction."}, "json": true, "cursor": ""}}