Common use of Conditions to Obligations of Each Party Under This Agreement Clause in Contracts

Conditions to Obligations of Each Party Under This Agreement. The respective obligations of Buyer and Seller to consummate the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Closing of the following conditions, any or all of which may be waived by Buyer and Seller, as the case may be in whole or in part, to the extent permitted by applicable Law: (a) No temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court of competent jurisdiction or other statute, rule or legal restraint of a Governmental Authority shall be in effect preventing the consummation of the transactions contemplated hereby. (b) No provision of any applicable Law shall prohibit the consummation of the Closing.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (NuStar Energy L.P.), Sale and Purchase Agreement (NuStar GP Holdings, LLC)

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Conditions to Obligations of Each Party Under This Agreement. The respective obligations of Buyer and Seller the Sellers to consummate the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Closing of the following conditionscondition, any or all of which may be waived by Buyer and Sellerthe parties hereto, as the case may be in whole or in part, to the extent permitted by applicable Law: (a) No The applicable waiting period under the HSR Act or any applicable foreign competition Law, and any extension thereof shall have terminated or expired and no temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court of competent jurisdiction or other statute, rule or legal restraint of a Governmental Authority shall be in effect preventing the consummation of the transactions contemplated hereby. (b) No provision of There shall not be pending or threatened any applicable Law shall Proceeding to materially restrain, prohibit or otherwise materially interfere with or obtain substantial monetary damages in connection with the consummation of the Closingtransactions contemplated by this Agreement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Imperial Sugar Co /New/)

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Conditions to Obligations of Each Party Under This Agreement. The respective obligations of Buyer and Seller Sellers to consummate the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Closing of the following conditionscondition, any or all of which may be waived by Buyer and SellerSellers, as the case may be in whole or in part, to the extent permitted by Law: The applicable Law: (a) No waiting period under the HSR Act and any other Antitrust Law and any extension thereof shall have terminated or expired and no temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court of competent jurisdiction or other statute, rule or legal restraint of a Governmental Authority shall be in effect preventing the consummation of the transactions contemplated hereby. (b) No provision of any applicable Law shall prohibit the consummation of the Closing.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Lyondell Chemical Co)

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