Common use of Satisfactions Clause in Contracts

Satisfactions. Seller will deliver to Purchaser prior to the Closing Date a satisfaction of any mortgage and lien holder of the Corporation's Property, satisfactory in form and substance to the Purchaser and his counsel indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assume.

Appears in 2 contracts

Samples: Water Shares Purchase Agreement (Great Basin Water Co), Stock Purchase Agreement (Great Basin Water Co)

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Satisfactions. Seller will shall deliver to Purchaser prior to Buyer on the Closing Date a satisfaction of any mortgage and encumbrance or lien holder of on the Corporation's Propertybusiness property, satisfactory in form and substance to the Purchaser and his counsel Buyer, indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeclosing.

Appears in 2 contracts

Samples: Business Purchase Agreement (LiveWire Ergogenics, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.)

Satisfactions. Other than truck and other equipment financing agreements, Seller will deliver to Purchaser prior to on the Closing Date a satisfaction of from any mortgage and lien holder of the Corporation's Property’s property, satisfactory in form and substance to the Purchaser and his counsel indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with no later than the Closing (if any), except mortgages for real property, which the purchaser shall assumeClosing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pure Earth, Inc.)

Satisfactions. Seller will Seller-Lessor shall deliver to Purchaser prior to Buyer on the Closing Date a satisfaction of any mortgage and encumbrance or lien holder of on the Corporation's Property, property satisfactory in form and substance to the Purchaser and his counsel Buyer indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeclosing.

Appears in 1 contract

Samples: Southwest Charters Inc

Satisfactions. Seller will shall deliver to Purchaser prior to Buyer on the Closing Date a satisfaction of any mortgage and encumbrance or lien holder of on the Corporation's PropertyAssets, satisfactory in form and substance to the Purchaser and his counsel Buyer, indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeclosing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Appyea, Inc)

Satisfactions. Seller will shall deliver to Purchaser prior to Buyer on the Closing Date a satisfaction of any mortgage and encumbrance or lien holder of on the Corporation's PropertyAsset property, satisfactory in form and substance to the Purchaser and his counsel Buyer, indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeclosing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Appyea, Inc)

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Satisfactions. Seller will deliver to Purchaser prior to Buyers on the Closing Date a satisfaction of from any mortgage and lien holder of the Corporation's Propertyproperty, satisfactory in form and substance to the Purchaser Buyers and his counsel indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeClosing.

Appears in 1 contract

Samples: Stock Purchase Agreement (SecureAlert, Inc.)

Satisfactions. Seller will deliver to Purchaser purchaser prior to the Closing Date closing date, a satisfaction of any mortgage and lien holder of the Corporation's Property, satisfactory in form and substance to the Purchaser and his counsel indicating that the then outstanding unpaid principal balance of any promissory note secured securied thereby has been paid in full prior to or simultaneously with the Closing closing (if any), except real property mortgages for real propertyor well or infrastructure construction loans, which the purchaser Purchaser shall assumeassume and any other liens or mortgages agreed upon by Seller and Purchaser and so listed in the exhibits.

Appears in 1 contract

Samples: Stock Purchase Agreement (Great Basin Water Co)

Satisfactions. Seller will deliver to Purchaser prior to Buyer on the Closing Date a satisfaction of from any mortgage and lien holder of the Corporation's Propertyproperty, satisfactory in form and substance to the Purchaser Buyer and his counsel indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the Closing (if any), except mortgages for real property, which the purchaser shall assumeClosing.

Appears in 1 contract

Samples: Stock Purchase Agreement (SecureAlert, Inc.)

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