Common use of Conditions to Second Closing Clause in Contracts

Conditions to Second Closing. The obligations of VRI to consummate transactions contemplated by this Agreement at the Second Closing shall be subject to the fulfillment on or prior to the Second Closing Date of each of the following conditions: (a) COVENANTS AND AGREEMENTS PERFORMED. SEI Holdings shall have performed and complied with, in all material respects, all covenants and agreements required by this Agreement to be performed or complied with by it on or prior to the Second Closing Date.

Conditions to Second Closing. The obligations of VRI SEI Holdings to consummate the transactions contemplated by this Agreement at the Second Closing shall be subject to the fulfillment on or prior to the Second Closing Date of each of the following conditions: (a) COVENANTS AND AGREEMENTS PERFORMED. SEI Holdings VRI shall have performed and complied with, in all material respects, all covenants and agreements required by this Agreement to be performed or complied with by it on or prior to the Second Closing Date.