SHAREHOLDERS' CONDITIONS. The obligation of the Shareholders to transfer the Shares as contemplated hereby is, at the option of the Shareholders, subject to the satisfaction on or before the Closing Date of the conditions set forth below, any of which may be waived by the Shareholders in writing; provided, however, the Shareholders' election to proceed with the closing of the transactions contemplated hereby shall not be deemed a waiver of any breach of any representation, warranty or covenant herein and such action shall not prejudice the Shareholders' rights to recover damages for any breach.
Appears in 2 contracts
Samples: Share Purchase Agreement (Energy Ventures Inc /De/), Share Purchase Agreement (Evi Inc)
SHAREHOLDERS' CONDITIONS. The obligation of the Shareholders to transfer consummate the Shares as transactions contemplated hereby by this Agreement is, at the option of the Shareholders, subject to the satisfaction on or before the Closing Date of the conditions set forth below, any of which may be waived by the Shareholders in writing; provided, however, the Shareholders' election to proceed with the closing of the transactions contemplated hereby Closing shall not be deemed a waiver of any breach of any representation, warranty or covenant herein and such action shall not prejudice the Shareholders' rights to recover damages for any breach.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Weatherford International Inc /New/)
SHAREHOLDERS' CONDITIONS. The obligation of the Shareholders to transfer the Shares as contemplated hereby is, at the option of the Shareholders, subject to the satisfaction on or before the Closing Date of the conditions set forth below, any of which may be waived by the Shareholders in writing; provided, however, the Shareholders' election to proceed with the closing of the transactions contemplated hereby Closing shall not be deemed a waiver of any breach of any representation, warranty or covenant herein and such action shall not prejudice the Shareholders' any Shareholder's rights to recover damages for any such breach.
Appears in 1 contract
Samples: Stock Purchase Agreement (Weatherford International Inc /New/)