Reorganization Agreement. All of the conditions to the obligations of the Purchaser and MAAC to close the Reorganization, as set forth in the Reorganization Agreement, shall have been satisfied or waived by the Purchaser or MAAC, as the case may be, as of the Closing as described in Article 10 of the Reorganization Agreement, including (i) the truthfulness of the representations and warranties described therein, (ii) the compliance by the parties with the provisions of the Reorganization Agreement, (iii) the absence of any material adverse changes, (iv) the absence of any injunction prohibiting the closing, (v) the issuance of certain required title insurance, (vi) the receipt of estoppel letters and payoff letters, as applicable, with respect to the debt, and (vii) the receipt of necessary consents.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership), Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership), Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership)
