{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hUVIn9TynRX", "uri": "/contracts/hUVIn9TynRX#pre-closing", "label": "Merger Agreement (Enfinity Corp)", "score": 18.0, "published": true}, {"hash": "8dggZIwyXD5", "uri": "/contracts/8dggZIwyXD5#pre-closing", "label": "Merger Agreement (Enfinity Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [6, 18]}, {"key": "the-parties-shall", "type": "clause", "offset": [28, 45]}, {"key": "actions-necessary", "type": "clause", "offset": [55, 72]}, {"key": "the-advance", "type": "clause", "offset": [120, 131]}, {"key": "state-authorities", "type": "definition", "offset": [160, 177]}, {"key": "articles-of-merger", "type": "definition", "offset": [185, 203]}, {"key": "become-effective", "type": "clause", "offset": [217, 233]}, {"key": "the-effective-time-of-the-merger", "type": "clause", "offset": [237, 269]}, {"key": "the-conversion", "type": "clause", "offset": [287, 301]}, {"key": "and-delivery-of-shares", "type": "clause", "offset": [302, 324]}, {"key": "in-section-3", "type": "clause", "offset": [337, 349]}, {"key": "completion-of-the-merger", "type": "clause", "offset": [415, 439]}, {"key": "agreement-or", "type": "definition", "offset": [461, 473]}, {"key": "delivery-of-the-shares", "type": "clause", "offset": [493, 515]}, {"key": "funds-by", "type": "definition", "offset": [536, 544]}, {"key": "the-closing-date", "type": "clause", "offset": [630, 646]}, {"key": "in-the-event", "type": "clause", "offset": [667, 679]}, {"key": "no-closing", "type": "clause", "offset": [694, 704]}, {"key": "for-any-reason", "type": "clause", "offset": [739, 753]}, {"key": "agrees-to", "type": "clause", "offset": [784, 793]}, {"key": "required-by", "type": "definition", "offset": [808, 819]}, {"key": "delaware-law", "type": "definition", "offset": [820, 832]}, {"key": "counsel-for-the-company", "type": "definition", "offset": [854, 877]}, {"key": "laws-of-the-state-of-florida", "type": "clause", "offset": [920, 948]}, {"key": "in-order-to", "type": "clause", "offset": [949, 960]}, {"key": "certificate-of-merger", "type": "definition", "offset": [974, 995]}, {"key": "other-actions", "type": "definition", "offset": [1022, 1035]}, {"key": "the-actions", "type": "clause", "offset": [1137, 1148]}, {"key": "in-clauses", "type": "clause", "offset": [1159, 1169]}, {"key": "the-pre", "type": "clause", "offset": [1229, 1236]}], "size": 9, "snippet": "At or prior to the Pricing, the parties shall take all actions necessary to prepare to (i) effect the Merger (including the advance filing with the appropriate state authorities of the Articles of Merger, which shall become effective at the Effective Time of the Merger) and (ii) effect the conversion and delivery of shares referred to in Section 3 hereof; provided, that such actions shall not include the actual completion of the Merger for purposes of this Agreement or the conversion and delivery of the shares and transmission of funds by wire referred to in Section 3 hereof, each of which actions shall only be taken upon the Closing Date as herein provided. In the event that there is no Closing Date or this Agreement terminates for any reason, HOLDING hereby covenants and agrees to do all things required by Delaware law and all things which counsel for the COMPANY advise HOLDING are required by applicable laws of the State of Florida in order to withdraw the Certificate of Merger and rescind any merger or other actions effected by the advance filing of the Articles of Merger as described in this Section. The taking of the actions described in clauses (i) and (ii) above (the \"Pre-Closing\") shall take place on the Pre-Closing date (the \"Pre-Closing Date\") at the offices of \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587. On the Closing Date (x) the Articles of Merger shall be or shall have been filed with the appropriate state authorities so that they shall be or, as of", "hash": "56c56a4b236a13663329aad8ae466c74", "id": 7}, {"samples": [{"hash": "hpASPxqRpij", "uri": "/contracts/hpASPxqRpij#pre-closing", "label": "Contribution Agreement", "score": 29.3408622742, "published": true}, {"hash": "lUSxM1jXyhS", "uri": "/contracts/lUSxM1jXyhS#pre-closing", "label": "Contribution Agreement (Glaxosmithkline PLC)", "score": 25.2094459534, "published": true}, {"hash": "aPpZF4SZc78", "uri": "/contracts/aPpZF4SZc78#pre-closing", "label": "Contribution Agreement (Novartis Ag)", "score": 25.0704994202, "published": true}], "snippet_links": [{"key": "the-sellers", "type": "clause", "offset": [4, 15]}, {"key": "in-relation-to", "type": "clause", "offset": [29, 43]}, {"key": "conduct-of-business", "type": "clause", "offset": [48, 67]}, {"key": "each-seller", "type": "definition", "offset": [74, 85]}, {"key": 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Seller\u2019s Group shall, so far as permitted by Applicable Law, carry on its Contributed Business as a going concern in the ordinary course as carried on immediately prior to the date of this Agreement save in so far as agreed in writing by the other Seller (such consent not to be unreasonably withheld or delayed).", "hash": "2840e3478a5f80b9095d7cd0e8601c26", "id": 5}, {"samples": [{"hash": "aW3EEfk1iUI", "uri": "/contracts/aW3EEfk1iUI#pre-closing", "label": "Contribution Agreement (Glaxosmithkline PLC)", "score": 26.1553726196, "published": true}, {"hash": "aPpZF4SZc78", "uri": "/contracts/aPpZF4SZc78#pre-closing", "label": "Contribution Agreement (Novartis Ag)", "score": 25.0704994202, "published": true}], "snippet_links": [{"key": "prior-to-closing", "type": "clause", "offset": [6, 22]}, {"key": "business-sellers", "type": "definition", "offset": [28, 44]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [49, 68]}, {"key": "acting-reasonably", "type": "clause", 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[4283, 4298]}, {"key": "but-excluding", "type": "clause", "offset": [4359, 4372]}, {"key": "actual-net-income", "type": "definition", "offset": [4388, 4405]}, {"key": "notice-to", "type": "definition", "offset": [4669, 4678]}, {"key": "a-copy-of", "type": "clause", "offset": [4811, 4820]}, {"key": "subject-to-the", "type": "definition", "offset": [4841, 4855]}, {"key": "complying-with", "type": "clause", "offset": [4866, 4880]}, {"key": "of-the-seller", "type": "clause", "offset": [5072, 5085]}, {"key": "other-security", "type": "definition", "offset": [5165, 5179]}, {"key": "provided-that", "type": "clause", "offset": [5356, 5369]}, {"key": "equal-to", "type": "definition", "offset": [5446, 5454]}, {"key": "act-or-omission", "type": "definition", "offset": [5725, 5740]}, {"key": "of-the-purchaser", "type": "clause", "offset": [5753, 5769]}], "size": 11, "snippet": "1.3.1 Prior to Closing, the Business Sellers and the Purchaser shall agree (acting reasonably) the form of all documents on Property Agreed Terms necessary for the transfer of each of the Transferred Properties pursuant to the terms set out in this Part 4 of Schedule 2 and all other applicable terms of this Agreement.\n1.3.2 Any dispute arising out of or connected with paragraph 1.3.1 of this Part 4 of Schedule 2 which is not resolved by agreement between the parties within nine months of such dispute arising shall be referred for and resolved by expert determination as follows:\n(i) either Seller may initiate an expert reference under this provision by proposing to the other Seller the appointment of an expert (the \u201cExpert\u201d);\n(ii) the Expert shall either be the nearest equivalent to a chartered surveyor in the relevant jurisdiction or (in relation to legal issues) a single QC (or equivalent), in each case with no less than 15 years\u2019 post-qualification experience in commercial real estate in the relevant jurisdiction chosen by agreement between the Sellers or, failing agreement within 14 days of the initiation of the reference, by the President for the time being of the relevant professional body to which the Expert belongs (the \u201cPresident\u201d) on the application of either Seller;\n(iii) the Sellers shall request that the Expert determines the referred dispute within ten days of receiving the reference;\n(iv) if the Expert has been appointed but is unable or unwilling to complete the reference, another Expert shall be appointed by agreement between the Sellers or, failing agreement within 7 days of the parties being notified that the Expert is unable or unwilling to complete the reference, by the President on the application of either party;\n(v) the Expert shall act as an expert and not as an arbitrator;\n(vi) the Sellers shall have the right to make representations and submissions to the Expert, but there will be no formal hearing;\n(vii) the Sellers shall make all relevant documents and information within their control available to the Expert;\n(viii) the costs of the Expert shall be borne by the Sellers in equal shares; and\n(ix) the decision of the Expert shall, in the absence of fraud or manifest error, be final and binding on the parties.\n1.3.3 This paragraph 1.3.3 applies to those Transferred Properties in relation to which a Property Third Party Consent is required and if such Property Third Party Consent remains to be obtained as at the Closing Date this paragraph 1.3.3 shall continue to apply until the relevant Property Third Party Consent shall have been obtained or until the Property Longstop Date. If any Property Third Party Consents are required:\n(i) the Seller in relation to the Transferred Property in question shall make an application for, and shall use all reasonable endeavours to obtain each Property Third Party Consent as soon as reasonably practicable following the date of this Agreement for the transfer of the Transferred Property and shall, at all times, keep the Purchaser and the other Seller informed of progress in obtaining such Property Third Party Consents;\n(ii) the Purchaser and each Seller shall supply such information and references as may reasonably be required by a Landlord, any superior landlord or other relevant third party in connection with a Property Third Party Consent;\n(iii) in respect of the period after Closing only, the Purchaser shall enter into such covenants for the payment of the rent in respect of the Transferred Leased Properties and for the observance and performance of the covenants and conditions on the part of the lessee contained in any Lease as may reasonably be required by the Landlord, any superior landlord or other relevant third party;\n(iv) if reasonably required by a Landlord, any superior landlord or any other relevant third party, the Purchaser shall provide a rent deposit or the Purchaser shall procure that a surety acceptable to such person guarantees the Purchaser\u2019s obligations under the Lease following the transfer of the relevant Transferred Leased Property; and\n(v) the Purchaser shall be responsible for and undertake to pay, or procure the giving of undertakings to pay the professional and other fees of any Landlord, any superior landlord or other relevant person (including any Tax or disbursements in respect of such fees but excluding any Tax on the actual net income, profit or gains of the Landlord, any superior landlord or any other relevant person) properly in connection with any application for Property Third Party Consents, whether or not such Property Third Party Consents are given.\n1.3.4 Each Seller shall give written notice to each other Seller as soon as reasonably practicable after obtaining any Property Third Party Consents which shall be accompanied by a copy of such consent.\n1.3.5 Subject to the Purchaser complying with its obligations under paragraphs 1.3.3(iii) to (v) of this Part 4 of this Schedule 2, the Seller in relation to the Transferred Property in question shall pay, or shall procure that a member of the Seller\u2019s Group pays, any moneys or provide or procure the giving of any guarantees or other security, in each case as may be lawfully required by a Landlord, superior landlord or other relevant third party in connection with the obtaining of the Property Third Party Consents, provided that the Purchaser shall indemnify and keep indemnified such Seller in an amount equal to:\n(i) any moneys required to be paid or procured to be paid by the Seller pursuant to this paragraph; and\n(ii) any Liabilities under any guarantees or other security given or procured by the Seller pursuant to this paragraph and arising out of, or in connection with, an act or omission on the part of the Purchaser.", "hash": "483ba42ca6c069a21afaa46b3fb981eb", "id": 3}, {"samples": [{"hash": "ieQahfKuPEs", "uri": "/contracts/ieQahfKuPEs#pre-closing", "label": "Equipment Purchase and Sale Agreement (Transphorm, Inc.)", "score": 32.9876785278, "published": true}, {"hash": "jmimjfBUdvL", "uri": "/contracts/jmimjfBUdvL#pre-closing", "label": "Equipment Purchase and Sale Agreement", "score": 32.2543334961, "published": true}, {"hash": "ljO6eHU1ifs", "uri": "/contracts/ljO6eHU1ifs#pre-closing", "label": "Equipment Purchase and Sale Agreement", "score": 32.153049469, "published": true}], "snippet_links": [{"key": "the-parties-will", "type": "clause", "offset": [8, 24]}, {"key": "reasonable-best-efforts", "type": "clause", "offset": [33, 56]}, {"key": "all-actions", "type": "clause", "offset": [65, 76]}, {"key": "all-things-necessary", "type": 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"/contracts/h50hr1j5sfC#pre-closing", "label": "Agreement and Plan of Organization (Luminant Worldwide Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-pre", "type": "clause", "offset": [15, 22]}, {"key": "the-parties-shall", "type": "clause", "offset": [32, 49]}, {"key": "actions-necessary", "type": "clause", "offset": [59, 76]}, {"key": "applicable-state-law", "type": "definition", "offset": [141, 161]}, {"key": "the-advance", "type": "clause", "offset": [163, 174]}, {"key": "state-authorities", "type": "definition", "offset": [203, 220]}, {"key": "the-certificate", "type": "clause", "offset": [224, 239]}, {"key": "articles-of-merger", "type": "definition", "offset": [244, 262]}, {"key": "plan-of-merger", "type": "definition", "offset": [270, 284]}, {"key": "merger-documents", "type": "definition", "offset": [320, 336]}, {"key": "become-effective", "type": "clause", "offset": [352, 368]}, {"key": "at-the-effective-time", "type": "clause", "offset": [369, 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"type": "clause", "offset": [1066, 1077]}, {"key": "the-actions", "type": "clause", "offset": [1193, 1204]}, {"key": "in-clauses", "type": "clause", "offset": [1215, 1225]}, {"key": "the-day", "type": "definition", "offset": [1281, 1288]}, {"key": "following-the", "type": "definition", "offset": [1289, 1302]}, {"key": "the-registration-statement", "type": "clause", "offset": [1313, 1339]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [1365, 1403]}], "size": 7, "snippet": "At or prior to the Pre-Closing, the parties shall take all actions necessary to prepare to (a) effect the Merger (including, if permitted by applicable state law, the advance filing with the appropriate state authorities of the Certificate and Articles of Merger and/or Plan of Merger, as applicable (collectively, the \"Merger Documents\"), which shall become effective at the Effective Time) and (b) deliver the Clarant Common Stock and Company Stock, as the case may be, referred to in Article 3 hereof; provided, that such actions shall not include the actual completion of the Merger for purposes of this Agreement or the delivery of such stock and transmission of funds by wire referred to in Article 3 hereof, each of which actions shall only be taken upon the Closing Date as herein provided. In the event that there is no Closing Date and this Agreement terminates, Clarant hereby covenants and agrees to do all things required by the State Corporation Law and all things which counsel for the Company advise Clarant are required by the State Corporation Law in order to rescind actions effected by the advance filing of the Merger Documents as described in this Section. The taking of the actions described in clauses (a) and (b) above (the \"Pre-Closing\") shall take place the day following the date that the Registration Statement is declared effective by the Securities and Exchange Commission (the \"Pre-Closing Date\") at the offices of \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 \u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587.\u2587., \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587.\u2587. \u2587\u2587\u2587\u2587\u2587.", "hash": "4899be616b819bfa12272916cb2193af", "id": 9}, {"samples": [{"hash": "edMLjUIcfbo", "uri": "/contracts/edMLjUIcfbo#pre-closing", "label": "Stock Purchase Agreement (Emeritus Corp\\wa\\)", "score": 16.0, "published": true}, {"hash": "eVawLFYlCR8", "uri": "/contracts/eVawLFYlCR8#pre-closing", "label": "Stock Purchase Agreement (Emeritus Corp\\wa\\)", "score": 16.0, "published": true}, {"hash": "d4aBMUlv7uY", "uri": "/contracts/d4aBMUlv7uY#pre-closing", "label": "Stock Purchase Agreement (Emeritus Corp\\wa\\)", "score": 16.0, "published": true}], "snippet_links": [{"key": "date-hereof", "type": "clause", "offset": [12, 23]}, {"key": "agreement-or", "type": "definition", "offset": [77, 89]}, {"key": "consent-of-seller", "type": "clause", "offset": [99, 116]}, {"key": "purchaser-will", "type": "clause", "offset": [144, 158]}, {"key": "any-action", "type": "definition", "offset": [168, 178]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [201, 233]}, {"key": "the-transaction-contemplated", "type": "clause", "offset": [285, 313]}, {"key": "days-after", "type": "definition", "offset": [354, 364]}, {"key": "receipt-of", "type": "clause", "offset": [369, 379]}, {"key": "search-report", "type": "clause", "offset": [390, 403]}, {"key": "title-report", "type": "clause", "offset": [409, 421]}, {"key": "the-survey", "type": "clause", "offset": [426, 436]}, {"key": "in-writing", "type": "definition", "offset": [468, 478]}, {"key": "of-purchaser", "type": "clause", "offset": [632, 644]}, {"key": "day-period", "type": "clause", "offset": [679, 689]}, {"key": "right-to-object", "type": "clause", "offset": [736, 751]}, {"key": "seller-shall", "type": "clause", "offset": [821, 833]}, {"key": "advise-purchaser", "type": "clause", "offset": [834, 850]}, {"key": "act-in-good-faith", "type": "clause", "offset": [955, 972]}, {"key": "responding-to", "type": "clause", "offset": [976, 989]}, {"key": "title-objections", "type": "clause", "offset": [1002, 1018]}, {"key": "for-purposes-hereof", "type": "definition", "offset": [1020, 1039]}, {"key": "subject-of", "type": "clause", "offset": [1150, 1160]}, {"key": "recording-fees", "type": "clause", "offset": [1240, 1254]}, {"key": "delivery-charges", "type": "clause", "offset": [1258, 1274]}, {"key": "relate-to", "type": "definition", "offset": [1300, 1309]}, {"key": "of-record", "type": "definition", "offset": [1329, 1338]}, {"key": "discharged-debt", "type": "clause", "offset": [1364, 1379]}, {"key": "minor-defects", "type": "clause", "offset": [1389, 1402]}, {"key": "record-title", "type": "clause", "offset": [1406, 1418]}, {"key": "to-advise", "type": "definition", "offset": [1513, 1522]}, {"key": "notwithstanding-the", "type": "definition", "offset": [1556, 1575]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1591, 1615]}, {"key": "neither-party-shall", "type": "clause", "offset": [1631, 1650]}, {"key": "rights-or-obligations", "type": "clause", "offset": [1668, 1689]}, {"key": "obligation-to-return", "type": "clause", "offset": [1721, 1741]}, {"key": "return-of", "type": "clause", "offset": [1759, 1768]}, {"key": "in-accordance-with", "type": "clause", "offset": [1891, 1909]}, {"key": "the-terms", "type": "definition", "offset": [1910, 1919]}, {"key": "by-purchaser", "type": "clause", "offset": [1952, 1964]}, {"key": "permitted-exceptions", "type": "clause", "offset": [1976, 1996]}, {"key": "time-to-prepare", "type": "clause", "offset": [2117, 2132]}, {"key": "in-no-event-shall", "type": "clause", "offset": [2259, 2276]}, {"key": "additional-days", "type": "definition", "offset": [2321, 2336]}, {"key": "approvals-necessary", "type": "clause", "offset": [2416, 2435]}, {"key": "to-operate", "type": "definition", "offset": [2561, 2571]}, {"key": "not-limited", "type": "clause", "offset": [2601, 2612]}, {"key": "department-of-health-and", "type": "clause", "offset": [2644, 2668]}, {"key": "rehabilitative-services", "type": "definition", "offset": [2669, 2692]}, {"key": "cost-and-expense", "type": "clause", "offset": [2760, 2776]}, {"key": "complete-the", "type": "clause", "offset": [2815, 2827]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [2867, 2889]}, {"key": "with-respect-to", "type": "clause", "offset": [2890, 2905]}, {"key": "reasonably-necessary", "type": "clause", "offset": [2994, 3014]}, {"key": "in-connection-with", "type": "clause", "offset": [3015, 3033]}, {"key": "environmental-assessments", "type": "definition", "offset": [3124, 3149]}, {"key": "of-the-corporation", "type": "clause", "offset": [3208, 3226]}, {"key": "books-and-records", "type": "clause", "offset": [3248, 3265]}, {"key": "review-of-the", "type": "clause", "offset": [3294, 3307]}, {"key": "state-of-florida", "type": "definition", "offset": [3342, 3358]}, {"key": "to-the-facility", "type": "definition", "offset": [3372, 3387]}, {"key": "to-the-extent", "type": "clause", "offset": [3388, 3401]}, {"key": "publicly-available", "type": "clause", "offset": [3415, 3433]}, {"key": "no-investigations", "type": "clause", "offset": [3472, 3489]}, {"key": "the-real-property", "type": "clause", "offset": [3522, 3539]}, {"key": "seller-consents", "type": "clause", "offset": [3563, 3578]}, {"key": "due-diligence-review", "type": "definition", "offset": [3643, 3663]}, {"key": "warranties-of-seller", "type": "clause", "offset": [3782, 3802]}, {"key": "in-this-agreement", "type": "clause", "offset": [3813, 3830]}, {"key": "representations-and-warranties", "type": "clause", "offset": [3838, 3868]}, {"key": "to-seller", "type": "definition", "offset": [4136, 4145]}, {"key": "in-the-event-the", "type": "clause", "offset": [4146, 4162]}, {"key": "for-any-reason", "type": "clause", "offset": [4207, 4221]}, {"key": "seller-and-the", "type": "clause", "offset": [4276, 4290]}, {"key": "including-without-limitation", "type": "clause", "offset": [4374, 4402]}, {"key": "reasonable-attorney", "type": "definition", "offset": [4404, 4423]}, {"key": "costs-of", "type": "definition", "offset": [4435, 4443]}, {"key": "claims-of", "type": "clause", "offset": [4566, 4575]}, {"key": "causes-of-action", "type": "definition", "offset": [4596, 4612]}, {"key": "relating-to", "type": "definition", "offset": [4629, 4640]}, {"key": "pursuant-to", "type": "definition", "offset": [4835, 4846]}, {"key": "the-foregoing", "type": "definition", "offset": [4876, 4889]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [4951, 4980]}, {"key": "delivery-to-purchaser", "type": "clause", "offset": [5070, 5091]}, {"key": "operating-contracts", "type": "definition", "offset": [5154, 5173]}, {"key": "to-assume", "type": "clause", "offset": [5184, 5193]}, {"key": "acquisition-of-the-stock", "type": "clause", "offset": [5211, 5235]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [5236, 5258]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [5322, 5347]}], "size": 22, "snippet": "Between the date hereof and the Closing Date, except as contemplated by this Agreement or with the consent of Seller, Purchaser agrees that:\ni. Purchaser will not take any action inconsistent with its obligations under this agreement or which could hinder or delay the consummation of the transaction contemplated by this Agreement;\nii. Within ten ( 10) days after its receipt of the UCC-1 Search Report, the Title Report and the Survey, Purchaser shall advise Seller in writing of its objections, if any, to each of the UCC-1 Search Report, the Title Report and the Survey. In the event Purchaser fails to notify Seller in writing of Purchaser's objections within said ten (10) day period, Purchaser shall be deemed to have waived its right to object. Within five (5) days of Seller's receipt of Purchaser's objections, Seller shall advise Purchaser whether it intends to correct the defects to which Purchaser has objected. Seller shall be obligated to act in good faith in responding to Purchaser's title objections. For purposes hereof, Seller shall be deemed to have failed to act in good faith if its refuses to correct any matter which is the subject of such title objections where the only costs to it in doing are normal filing or recording fees or delivery charges and where the objections relate to liens which appear of record but relate to previously discharged debt or other minor defects in record title. If Seller refuses to correct some or all of such defects, Purchaser shall have five (5) days to advise Seller of its decision to close, notwithstanding the defects, or to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder, other than Seller's obligation to return or to direct the return of Purchaser's \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money. Any matter reflected in the UCC1 Search Report, the Title Report or the Survey not objected to in accordance with the terms hereof shall be deemed accepted by Purchaser and to be \"Permitted Exceptions\" (herein so called). Notwithstanding anything contained herein to the contrary, in the event Seller requires additional time to prepare either the Survey or the Title Report, then Seller shall have such additional time to deliver the same to Purchaser, however, in no event shall such extension be longer than fifteen ( 15) additional days;\niii. Purchaser will proceed with all due diligence to obtain all consents and approvals necessary to permit the consummation of the transaction contemplated by this Agreement and/or necessary to permit Purchaser to own and to operate the Facility, including, but not limited to, a license from the Florida Department of Health and Rehabilitative Services;\niv. Purchaser will proceed with all due diligence and at its sole cost and expense to conduct such investigations and to complete the same within ninety (90) days after the date of this Agreement with respect to the Stock, the Corporation's Assets and the Corporation's Liabilities as it deems to be reasonably necessary in connection with its purchase thereof, including, but not limited to, zoning investigations, soil studies, environmental assessments, seismic assessments, wetlands reports and investigations of the Corporation's and the Facility's books and records and operations, including a review of the licensure files maintained by the State of Florida with respect to the Facility to the extent the same are publicly available, and structural inspections, provided no investigations will be physically intrusive on the Real Property or the Facility unless Seller consents thereto, which consent shall not be unreasonably withheld (the \"Due Diligence Review\"); provided, however, nothing herein shall be construed as amending or modifying in any manner the representations or warranties of Seller set forth in this Agreement, which representations and warranties shall be separate from and unaffected by Purchaser's Due Diligence Review; and provided, further, that Purchaser shall maintain the confidentiality of any documents or information obtained by it during the course of its Due Diligence Review and shall return the same to Seller in the event the transaction provided for herein fails close for any reason whatsoever Purchaser shall indemnify, defend and hold Seller and the Corporation harmless of and from any and all losses, liabilities, costs, expenses (including without limitation, reasonable attorney's fees and costs of court at trial and on appeal), damages, liens, claims (including, without limitation mechanics' or materialmans' liens or claims of liens), actions and causes of action arising from or relating to Purchaser's (or Purchaser's Agents, employees, or representatives) entering on the Real Property and/or the Facility to test, study, investigate or inspect the same or any part thereof, whether pursuant to this paragraph or otherwise. The foregoing indemnity shall expressly survive the Closing or the earlier termination of this Agreement; and\nv. Within fifteen (15) days after the later of the date hereof or the date of their delivery to Purchaser, Purchaser will advise Seller in writing which, if any of the Operating Contracts it elects to assume by virtue of its acquisition of the Stock as of the Closing Date and Seller shall thereafter cause the Corporation to terminate prior to the Closing Date any such Operating Contracts which Purchaser does not elect to assume.", "hash": "083e1df725486d5889749b8678fb05fe", "id": 2}, {"samples": [{"hash": "edi8fWPx0kP", "uri": "/contracts/edi8fWPx0kP#pre-closing", "label": "Dealership Asset Purchase Agreement (LMP Automotive Holdings, Inc.)", "score": 33.6050643921, "published": true}, {"hash": "aiBhjbaEl1t", "uri": "/contracts/aiBhjbaEl1t#pre-closing", "label": "Dealership Asset Purchase Agreement (LMP Automotive Holdings, Inc.)", "score": 33.6050643921, "published": true}, {"hash": "8zrMKsXO2V6", "uri": "/contracts/8zrMKsXO2V6#pre-closing", "label": "Dealership Asset Purchase Agreement (LMP Automotive Holdings, Inc.)", "score": 33.6050643921, "published": true}], "snippet_links": [{"key": "execution-of-this-agreement", "type": "clause", "offset": [18, 45]}, {"key": "seller-shall", "type": "clause", "offset": [47, 59]}, {"key": "the-manufacturer", "type": "definition", "offset": [67, 83]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [94, 141]}, {"key": "the-issuance", "type": "clause", "offset": [213, 225]}, {"key": "right-to-operate", "type": "clause", "offset": [243, 259]}, {"key": "automobile-dealership", "type": "definition", "offset": [263, 284]}, {"key": "the-premises", "type": "clause", "offset": [290, 302]}, {"key": "the-parties-shall", "type": "clause", "offset": [304, 321]}, {"key": "efforts-to-obtain", "type": "clause", "offset": [355, 372]}, {"key": "manufacturer-approval", "type": "clause", "offset": [373, 394]}, {"key": "as-soon-as-possible", "type": "definition", "offset": [395, 414]}, {"key": "provide-the", "type": "clause", "offset": [438, 449]}, {"key": "requisite-information", "type": "definition", "offset": [450, 471]}, {"key": "transfer-of-the-assets", "type": "clause", "offset": [561, 583]}, {"key": "effective-as-of-the-closing", "type": "clause", "offset": [585, 612]}, {"key": "service-agreements", "type": "clause", "offset": [658, 676]}, {"key": "dealership-location", "type": "definition", "offset": [715, 734]}, {"key": "execute-and-deliver", "type": "clause", "offset": [739, 758]}, {"key": "customary-documents", "type": "definition", "offset": [785, 804]}, {"key": "intellectual-property", "type": "clause", "offset": [840, 861]}, {"key": "excluded-assets", "type": "definition", "offset": [888, 903]}, {"key": "internet-sites", "type": "definition", "offset": [945, 959]}, {"key": "cooperate-with", "type": "clause", "offset": [994, 1008]}, {"key": "reasonable-steps", "type": "clause", "offset": [1029, 1045]}, {"key": "to-assist", "type": "clause", "offset": [1046, 1055]}, {"key": "actions-to-be-taken-at-the-closing", "type": "clause", "offset": [1171, 1205]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [1206, 1232]}, {"key": "no-action", "type": "definition", "offset": [1285, 1294]}, {"key": "after-the-closing", "type": "clause", "offset": [1478, 1495]}, {"key": "certificates-of-title", "type": "definition", "offset": [1528, 1549]}, {"key": "registration-lists", "type": "clause", "offset": [1592, 1610]}, {"key": "on-hand", "type": "definition", "offset": [1652, 1659]}, {"key": "provided-that", "type": "clause", "offset": [1679, 1692]}, {"key": "relate-to", "type": "definition", "offset": [1714, 1723]}, {"key": "agreed-to", "type": "definition", "offset": [1875, 1884]}, {"key": "by-seller", "type": "clause", "offset": [1913, 1922]}, {"key": "to-submit", "type": "definition", "offset": [1946, 1955]}, {"key": "transit-vehicles", "type": "definition", "offset": [1992, 2008]}, {"key": "buyer-shall", "type": "clause", "offset": [2032, 2043]}, {"key": "by-buyer", "type": "clause", "offset": [2118, 2126]}, {"key": "in-accordance-with-law", "type": "clause", "offset": [2127, 2149]}, {"key": "company-policy", "type": "clause", "offset": [2209, 2223]}, {"key": "in-effect", "type": "definition", "offset": [2224, 2233]}, {"key": "from-time-to-time", "type": "clause", "offset": [2234, 2251]}, {"key": "access-to-seller", "type": "clause", "offset": [2282, 2298]}, {"key": "customer-records", "type": "clause", "offset": [2313, 2329]}, {"key": "related-to", "type": "definition", "offset": [2373, 2383]}, {"key": "assigned-contracts", "type": "clause", "offset": [2384, 2402]}, {"key": "legitimate-purpose", "type": "clause", "offset": [2429, 2447]}, {"key": "customer-inquiries", "type": "clause", "offset": [2513, 2531]}], "size": 23, "snippet": "Promptly upon the execution of this Agreement, Seller shall notify the Manufacturer regarding the transactions contemplated by this Agreement. Buyer (or its affiliate) shall promptly apply to the Manufacturer for the issuance of a contractual right to operate an automobile dealership upon the Premises. The Parties shall use commercially reasonable best efforts to obtain Manufacturer approval as soon as possible. Seller shall promptly provide the requisite information, documents and access necessary to prepare for Closing and ensure a seamless operational transfer of the Assets. Effective as of the Closing, Seller shall terminate its Dealer Sales and Service Agreements with the Manufacturer relative to the Dealership location and execute and deliver all of the Manufacturer\u2019s customary documents and promptly remove Manufacturer\u2019s intellectual property from all publicly visible Excluded Assets in every form and medium (i.e., retained internet sites, signs, etc.). Seller shall fully cooperate with Buyer, and take all reasonable steps to assist Buyer, in Buyer\u2019s efforts to obtain its own similar Dealer Sales and Service Agreements with the Manufacturer. All actions to be taken at the Closing pursuant to this Agreement will be deemed to have occurred simultaneously, and no action, document or transaction will be deemed to have been taken, delivered or effected, until all such actions, documents and transactions have been taken, delivered or effected. Promptly after the Closing, Seller shall transfer to Buyer certificates of title or origin for all vehicles and all of its registration lists, owner follow-up lists and service files on hand as of the Closing, provided that such lists and files relate to the Assets. If Seller presents assets for purchase post-Closing that would have otherwise been Assets, then such assets may be purchased at a mutually agreed to price or otherwise retained by Seller. Buyer is not required to submit an offer. This does not apply to in-transit vehicles from the Manufacturer. Buyer shall retain and safeguard the pre-Closing customer paper deal jackets retained by Buyer in accordance with law, and, until Buyer destroys such records in accordance with company policy in effect from time to time, Seller shall have reasonable access to Seller\u2019s pre-Closing customer records (e.g., paper deal jackets) and any records related to Assigned Contracts after the Closing for any legitimate purpose, such as (by way of example and not by limitation) for resolving customer inquiries.", "hash": "c8d47f8544d5d77edc12c0ab09e29d0a", "id": 1}, {"samples": [{"hash": "lRsq36IZAlG", "uri": "/contracts/lRsq36IZAlG#pre-closing", "label": "Agreement and Plan of Reorganization (United Road Service Inc)", "score": 18.0, "published": true}, {"hash": "jExfLlz8ict", "uri": "/contracts/jExfLlz8ict#pre-closing", "label": "Merger Agreement (United Road Service Inc)", "score": 18.0, "published": true}, {"hash": "eJ0GHj7Vf2X", "uri": "/contracts/eJ0GHj7Vf2X#pre-closing", "label": "Merger Agreement (United Road Service Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "pricing-date", "type": "clause", "offset": [18, 30]}, {"key": "the-shares", "type": "clause", "offset": [71, 81]}, {"key": "the-initial-public-offering", "type": "clause", "offset": [99, 126]}, {"key": "the-registration-statement", "type": "clause", "offset": [166, 192]}, {"key": "the-parties-shall", "type": "clause", "offset": [208, 225]}, {"key": "actions-necessary", "type": "clause", "offset": [235, 252]}, {"key": "the-merger", "type": "clause", "offset": [267, 277]}, {"key": "applicable-state-law", "type": "definition", "offset": [306, 326]}, {"key": "state-authorities", "type": "definition", "offset": [360, 377]}, {"key": "articles-of-merger", "type": "definition", "offset": [385, 403]}, {"key": "effective-on-the-closing-date", "type": "clause", "offset": [439, 468]}, {"key": "conversion-of-shares-of-company-stock", "type": "clause", "offset": [499, 536]}, {"key": "delivery-of-shares-of-ursi-stock", "type": "clause", "offset": [577, 609]}, {"key": "stock-shall", "type": "definition", "offset": [795, 806]}, {"key": "the-pre", "type": "clause", "offset": [865, 872]}, {"key": "professional-corporation", "type": "definition", "offset": [967, 991]}], "size": 10, "snippet": "On the date (the \"Pricing Date\") on which the public offering price of the shares of URSI Stock in the initial public offering of URSI Stock (the \"IPO\") described in the Registration Statement is determined, the parties shall take all actions necessary to effect (i) the Merger (including, if permitted by applicable state law, the filing with the appropriate state authorities of the Articles of Merger and any similar document to become effective on the Closing Date (as defined below)), (ii) the conversion of shares of COMPANY Stock into shares of URSI Stock and (iii) the delivery of shares of URSI Stock (hereinafter referred to as the \"Pre-Closing\"); provided, that the actual Merger, the conversion of shares of COMPANY Stock into shares of URSI Stock and the delivery of shares of URSI Stock shall not take place until the Closing Date as herein provided. The Pre-Closing shall take place at the offices of Howard, Rice, Nemerovski, Canady, \u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587, A Professional Corporation (\"\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\") at \u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587 \u2587\u2587\u2587\u2587\u2587.", "hash": "a805288a2e9175cdfab3adda7aad5938", "id": 4}, {"samples": [{"hash": "lPwAC5gtSSZ", "uri": "/contracts/lPwAC5gtSSZ#pre-closing", "label": "Purchase Agreement", "score": 35.9707336426, "published": true}, {"hash": "766myBgc37t", "uri": "/contracts/766myBgc37t#pre-closing", "label": "Purchase Agreement", "score": 34.9906845093, "published": true}], "snippet_links": [{"key": "that-\u2587", "type": "clause", "offset": [23, 29]}, {"key": "all-documents", "type": "definition", "offset": [126, 139]}, {"key": "necessary-for", "type": "definition", "offset": [140, 153]}, {"key": "at-any-time", "type": "clause", "offset": [197, 208]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [209, 234]}, {"key": "construction-of-the-project", "type": "definition", "offset": [308, 335]}, {"key": "in-order-to", "type": "clause", "offset": [340, 351]}, {"key": "of-units", "type": "clause", "offset": [379, 387]}, {"key": "by-seller", "type": "clause", "offset": [388, 397]}, {"key": "sole-discretion", "type": "definition", "offset": [476, 491]}, {"key": "the-pre", "type": "clause", "offset": [514, 521]}, {"key": "days-prior", "type": "definition", "offset": [586, 596]}, {"key": "this-purchase-agreement", "type": "clause", "offset": [675, 698]}, {"key": "upon-receiving", "type": "clause", "offset": [704, 718]}, {"key": "notice-of", "type": "definition", "offset": [768, 777]}, {"key": "from-seller", "type": "clause", "offset": [790, 801]}, {"key": "closing-notice", "type": "definition", "offset": [808, 822]}, {"key": "agrees-to", "type": "clause", "offset": [873, 882]}, {"key": "any-action", "type": "definition", "offset": [901, 911]}, {"key": "purchaser-will", "type": "clause", "offset": [957, 971]}, {"key": "documents-required-for-closing", "type": "clause", "offset": [999, 1029]}, {"key": "without-limitation", "type": "clause", "offset": [1041, 1059]}, {"key": "unit-deed", "type": "definition", "offset": [1065, 1074]}, {"key": "promissory-notes", "type": "clause", "offset": [1083, 1099]}, {"key": "other-loan-documents", "type": "clause", "offset": [1116, 1136]}, {"key": "for-purchaser", "type": "definition", "offset": [1147, 1160]}, {"key": "financing-of-the", "type": "clause", "offset": [1163, 1179]}, {"key": "notices-and-disclosures", "type": "clause", "offset": [1203, 1226]}, {"key": "conveyance-tax-certificate", "type": "clause", "offset": [1232, 1258]}, {"key": "closing-statement", "type": "definition", "offset": [1266, 1283]}, {"key": "based-on", "type": "clause", "offset": [1284, 1292]}, {"key": "a-schedule", "type": "clause", "offset": [1402, 1412]}, {"key": "requirements-for-the", "type": "clause", "offset": [1446, 1466]}, {"key": "by-purchaser", "type": "clause", "offset": [1489, 1501]}, {"key": "of-purchaser", "type": "clause", "offset": [1567, 1579]}, {"key": "sale-of-the-unit", "type": "clause", "offset": [1610, 1626]}, {"key": "funding-deadline", "type": "definition", "offset": [1646, 1662]}, {"key": "purchase-price-payable", "type": "clause", "offset": [1701, 1723]}, {"key": "mortgage-loan-proceeds", "type": "clause", "offset": [1745, 1767]}, {"key": "closing-costs-and-prorations", "type": "clause", "offset": [1769, 1797]}, {"key": "maintenance-fees", "type": "clause", "offset": [1812, 1828]}, {"key": "other-amounts-payable", "type": "clause", "offset": [1834, 1855]}, {"key": "purchaser-hereunder", "type": "clause", "offset": [1859, 1878]}, {"key": "the-funding", "type": "clause", "offset": [1880, 1891]}, {"key": "scheduled-closing-date", "type": "definition", "offset": [1995, 2017]}, {"key": "written-authorization", "type": "clause", "offset": [2085, 2106]}, {"key": "filing-information", "type": "clause", "offset": [2147, 2165]}, {"key": "in-accordance-with", "type": "clause", "offset": [2206, 2224]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [2225, 2247]}, {"key": "execute-documents", "type": "clause", "offset": [2308, 2325]}, {"key": "state-of", "type": "definition", "offset": [2362, 2370]}, {"key": "and-return", "type": "clause", "offset": [2378, 2388]}, {"key": "certified-mail", "type": "definition", "offset": [2415, 2429]}, {"key": "receipt-requested", "type": "clause", "offset": [2438, 2455]}, {"key": "in-the-event", "type": "clause", "offset": [2457, 2469]}, {"key": "changes-to-the-unit", "type": "clause", "offset": [2494, 2513]}, {"key": "other-documents-required", "type": "clause", "offset": [2523, 2547]}], "size": 7, "snippet": "Purchaser acknowledges that \u2587\u2587\u2587\u2587\u2587\u2587 intends to, and agrees that Seller may, prepare for Closing by requiring Purchaser to have all documents necessary for Closing executed and deposited with Escrow at any time prior to the Closing Date (\"Pre-Closing\"). Purchaser acknowledges that regardless of the status of construction of the Project and in order to accommodate a bulk closing of units by Seller, Seller may require Pre-Closing on a date selected by Seller, within Seller's sole discretion (\"Pre-Closing Date\"). The Pre-Closing Date may be set up to one hundred eighty (180) calendar days prior to the Closing Date. To accomplish this, any time after the Effective Date of this Purchase Agreement, and upon receiving not less than thirty (30) calendar days' written notice of Pre-Closing from Seller (\"Pre-Closing Notice\"), Purchaser's mortgagee(s), or Escrow, Purchaser agrees to take and complete any action that may be necessary to enable Closing, and Purchaser will execute at Pre-Closing all documents required for Closing including, without limitation, the Unit Deed and all promissory notes, mortgages, and other loan documents necessary for Purchaser's financing of the Unit, all receipts for notices and disclosures, the conveyance tax certificate, and a closing statement based on Seller's estimate of the date the Unit will be available for occupancy. The Pre-Closing Notice may establish a schedule with differing dates for certain requirements for the Pre-Closing to be met by Purchaser. The Pre-Closing Notice shall establish the date(s) on which all of Purchaser's funds required to close the sale of the Unit shall be due (the \"Funding Deadline\"), including the balance of the Total Purchase Price payable in cash, Purchaser's mortgage loan proceeds, Closing Costs and Prorations, start-up and maintenance fees, and other amounts payable by Purchaser hereunder. The Funding Deadline may be any date selected by Seller up to and including thirty (30) calendar days prior to the scheduled Closing Date. This Purchase Agreement shall constitute Seller's and Purchaser's written authorization to Escrow to date all documents, to add filing information, and to adjust the estimated prorations in accordance with the provisions of this Purchase Agreement. Purchaser may be permitted by Seller to execute documents on another island or outside of the State of Hawaii and return the same by registered or certified mail, return-receipt requested. In the event that Purchaser requests changes to the Unit Deed and other documents required for Closing later than twenty (20) calendar days prior to the Pre-Closing Date, Purchaser may be assessed a document revision fee for such changes.", "hash": "52ccf41437c083bbacc9ec8c65bf0e03", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRwcmUtY2xvc2luZyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["pre-closing-and-closing", "Pre Closing and Closing"], ["pre-post-closing-covenants", "Pre Post Closing Covenants"], ["closing", "Closing"], ["covenants-of-seller", "Covenants of Seller"], ["conditions", "Conditions"]], "title": "Pre-Closing", "size": 375, "children": [["", ""], ["tax-groups", "Tax Groups"], ["affiliate-contracts", "Affiliate Contracts"], ["insurance", "Insurance"], ["exceptions-to-sellers-obligations-in-relation-to-the-conduct-of-business", "Exceptions to Sellers\u2019 Obligations in Relation to the Conduct of Business"]], "id": "pre-closing", "related": [["first-closing", "First Closing", "First Closing"], ["effective-time-closing", "Effective Time; Closing", "Effective Time; Closing"], ["initial-closing", "Initial Closing", "Initial Closing"], ["second-closing", "Second Closing", "Second Closing"], ["merger-closing", "Merger Closing", "Merger Closing"]], "related_snippets": [], "updated": "2025-11-18T05:27:50+00:00", "also_ask": ["What are the essential conditions precedent that must be included to protect our interests pre-closing?", "How can we leverage pre-closing covenants to gain negotiation advantages or mitigate counterpart risks?", "What are the most common fatal flaws or ambiguities in pre-closing provisions that courts have found unenforceable?", "How do pre-closing obligations in this agreement compare to market standards or similar deals?", "What remedies or protections should be built in for breaches of pre-closing obligations before closing?"], "drafting_tip": "Specify pre-closing obligations, set clear deadlines, and allocate responsibilities to ensure all parties are prepared and to prevent disputes over incomplete conditions.", "explanation": "The Pre-Closing clause outlines the obligations and procedures that parties must follow in the period between signing a contract and the actual closing of the transaction. Typically, this clause requires the parties to maintain the status quo of the business, fulfill any conditions precedent, and provide necessary information or access for due diligence. Its core practical function is to ensure that the transaction proceeds smoothly and that no material changes occur that could affect the deal before it is finalized."}, "json": true, "cursor": ""}}