Common use of Conversion Closing Clause in Contracts

Conversion Closing. Provided that upon the Scheduled Conversion Date (a) all of the conditions to Conversion Closing set forth in this Agreement have been satisfied or waived by the Party in whose favor the condition runs and (b) this Agreement has not been terminated by any Party in accordance with the provisions set forth herein, the transactions contemplated hereby shall be consummated (the “Conversion Closing”), with the date that Conversion Closing actually occurs being the “Conversion Date”.

Appears in 4 contracts

Samples: Master Agreement, Loan Termination Agreement, Master Agreement (Thomas Properties Group Inc)

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