Common use of Simultaneous Closing Clause in Contracts

Simultaneous Closing. The effectiveness of any action taken at the Closing towards fulfillment of any Closing Obligation is conditional upon completion of all other actions taken towards fulfillment of all other Closing Obligations; failure to complete one of said actions shall automatically render all other such actions null and void.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Crailar Technologies Inc), Services Agreement (Crailar Technologies Inc), Services Agreement (Crailar Technologies Inc)

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Simultaneous Closing. The effectiveness of any action taken at the Closing towards fulfillment of any Closing Obligation closing obligations set out in this Section 2 is conditional upon completion of all other actions taken towards fulfillment of all other Closing Obligations; any closing obligations set out in this Section 2 and failure to complete any one of said actions shall automatically shall, upon written notice, render all other such actions (regardless of status) null and void.

Appears in 1 contract

Samples: Share Purchase Agreement (Fosun International LTD)

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