HiRel Election — —Potential Second Close Clause Samples

HiRel Election — —Potential Second Close. If TriQuint has elected to purchase (or have Purchaser purchase) the HiRel business, then TriQuint shall deliver a certificate confirming that election, signed by an appropriate officer and representative of TriQuint. This certificate will be delivered when the conditions of Section 8.12 have been satisfied. Because the parties contemplate that it may take longer than June 30 to resolve those conditions, the parties hereby agree that TriQuint may deliver the certificate as late as September 30, but in any case as soon as the conditions can be resolved. If the certificate is delivered after the Effective Date, the parties will hold a second closing to deliver any specific closing items related uniquely to the Hi Rel portion of the Vanessa Transferred Business.