Return to Buyers Sample Clauses

Return to Buyers. In case the transactions contemplated under this PropCo Agreement are not completed in cases other than covered by Clauses 3.3.1 through 3.3.3 and unless the transactions contemplated under this PropCo Agreement are not completed due to the failure by the PropCo Buyer to (i) cause the funding of the Escrow Account I and Escrow Account II at a time when the PropCo Buyers are actually obligated to pay the Property Purchase Price under this PropCo Agreement because all Payment Conditions have been fulfilled or (ii) to comply with its obligations as set forth in Clause 20 of this PropCo Agreement, the Down Payment plus interest accrued thereon shall be released from the Escrow Account I to the PropCo Buyers to an account PropCo Agreement of the PropCo Buyers as instructed in writing by the PropCo Buyers' Process Agent but in such case none of the Parties will be entitled to any cost reimbursement from, or have any claims against, any other Party. The Escrow Agent shall release funds from Escrow Account I in accordance with the terms of the Escrow Agreement. The Parties shall provide the Escrow Agent without undue delay (unverzüglich) with the necessary information and instructions for the release of funds from the Escrow Account I as (i) foreseen in the Escrow Agreement as well as (ii) stipulated in Clauses 3.3.1 and 3.3.4.
Sample 1
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Related to Return to Buyers

  • Deliveries by Buyer at Closing At the Closing, Buyer shall deliver to Seller:

  • Deliveries at Closing At the Closing:

  • Delivery at Closing At the Closing, the Company will deliver to the Purchaser a stock certificate registered in the Purchaser’s name, representing the number of Shares to be purchased by Purchaser hereunder, against payment of the purchase price therefore as indicated above.

  • Buyer’s Deliveries at Closing At the Closing, Buyer shall deliver to Seller the following:

  • Seller’s Deliveries at Closing At the Closing, Seller will deliver or cause to be delivered to Buyer:

  • Deliveries by Seller at Closing At the Closing, Seller shall deliver or cause to be delivered to Buyer the following:

  • Deliveries by Buyer At the Closing, Buyer shall deliver to Seller the following:

  • Deliveries by Purchaser At the Closing, Purchaser shall deliver to Seller the following:

  • Delivery of the Shares at Closing The completion of the purchase and sale of the Shares (the “Closing”) shall occur (the “Closing Date”) on January 24, 2003, at the offices of the Company’s counsel. At the Closing, the Company shall deliver to the Investor one or more stock certificates representing the number of Shares set forth in Section 3 of the Stock Purchase Agreement, each such certificate to be registered in the name of the Investor or, if so indicated on the signature page of the Stock Purchase Agreement, in the name of a nominee designated by the Investor. The Company’s obligation to issue the Shares to the Investor shall be subject to the following conditions, any one or more of which may be waived by the Company: (a) receipt by the Company of a certified or official bank check or wire transfer of funds in the full amount of the purchase price for the Shares being purchased hereunder as set forth in Section 3 of the Stock Purchase Agreement; (b) completion of the purchases and sales under the Agreements with the Other Investors; (c) the accuracy of the representations and warranties made by the Investors and the fulfillment of those undertakings of the Investors to be fulfilled prior to the Closing; and (d) the Closing Date shall have occurred by January 27, 2003. The Investor’s obligation to purchase the Shares shall be subject to the following conditions, any one or more of which may be waived by the Investor: (a) Investors shall have executed Agreements for the purchase of at least 2,045,453 Shares, (b) the representations and warranties of the Company set forth herein shall be true and correct as of the Closing Date in all material respects (except for representations and warranties that speak as of a specific date, which representations and warranties shall be true and correct as of such date) and (c) the Investor shall have received such documents as such Investor shall reasonably have requested, including, a standard opinion of the Company’s counsel as to the matters set forth in Section 4.2 and as to exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), of the sale of the Shares.

  • Deliveries at the Closing At the Closing:

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