Common use of Performance of Obligations; Consents and Waivers Clause in Contracts

Performance of Obligations; Consents and Waivers. The Company shall have performed and complied in all material respects with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the applicable Closing (or shall have cured in all material respects any such nonperformance or noncompliance) and shall have obtained all authorizations, permits, approvals, consents and qualifications necessary to complete the purchase and sale described herein except, in the case of the Initial Closing, for such authorizations, permits ,approvals, consents and qualifications the absence of which would not reasonably be expected to have a Material Adverse Effect.