Common use of Joint Conditions Precedent to Closing Clause in Contracts

Joint Conditions Precedent to Closing. The respective obligations of each of the parties hereto to complete the Closing shall be subject to satisfaction, on or before the Closing Date, of the following conditions, any of which may be waived by both the Purchaser and the Vendor acting together: (a) there shall not be in force any order or decree of a court of competent jurisdiction or any Governmental Authority restraining, interfering with or enjoining the consummation of the transactions contemplated herein; (b) all Approvals required for the completion of the transactions contemplated herein shall have been obtained or received from the Persons having jurisdiction in the circumstances; (c) no Governmental Authority shall have enacted any statute, regulation or bylaws or announced any policy that will materially and adversely affect the value of the Claims; and (d) this Agreement shall not have been terminated under Article 6.

Joint Conditions Precedent to Closing. The respective obligations of each of the parties hereto to complete the Closing shall be subject to satisfaction, on or before the Closing Date, of the following conditions, any of which may be waived by both the Purchaser and the Vendor Vendors acting together: (a) there shall not be in force any order or decree of a court of competent jurisdiction or any Governmental Authority restraining, interfering with or enjoining the consummation of the transactions contemplated herein; (b) all Approvals required for the completion of the transactions contemplated herein shall have been obtained or received from the Persons having jurisdiction in the circumstances; (c) no Governmental Authority shall have enacted any statute, regulation or bylaws or announced any policy that will materially and adversely affect the value of the Claims; and (d) this Agreement shall not have been terminated under Article 6.