Performance of Obligations of Acquiror and MergerCo Clause Samples
The 'Performance of Obligations of Acquiror and MergerCo' clause requires the acquiring company and its merger subsidiary to fulfill all duties and commitments outlined in the agreement. This typically includes actions such as obtaining necessary approvals, providing required disclosures, and taking steps to complete the merger transaction. By clearly assigning responsibility for these obligations, the clause ensures that both parties are held accountable for their roles, thereby facilitating a smooth and timely completion of the merger process.
Performance of Obligations of Acquiror and MergerCo. Acquiror and MergerCo shall have performed in all material respects all covenants required to be performed by it under this Agreement at or prior to the Effective Time, and the Company shall have received certificates, dated the Effective Date, signed on behalf of Acquiror and MergerCo, respectively, by a senior executive officer to such effect.