SUMMIT CLOSING CONDITIONS Sample Clauses

SUMMIT CLOSING CONDITIONS. The following requirements and obligations are and shall be conditions precedent to, and shall be satisfied by Hollow Creek prior to the contribution of any Capital Contribution of Summit (including the contribution to the Company of the Summit Properties) required to be contributed on the Closing Date (herein referred to individually as a "Summit Closing Condition" and collectively as the "Summit Closing Conditions"). Time is of the essence of the Summit Closing Conditions to enable closing in accordance with Section 3.2. Hollow Creek shall use its best efforts to satisfy the Summit Closing Conditions applicable to it within the period established for the occurrence of the Closing Date. Summit shall not have any obligation to make any Capital Contribution required to be contributed on the Closing Date unless Hollow Creek has complied with each and every one of the Summit Closing Conditions set forth in this Section 3.5. Summit, however, shall have the right, in its sole discretion, to waive a Summit Closing Condition, in the event of any failure by Hollow Creek to fulfill all of the Summit Closing Conditions prior to the time period established for the occurrence of the Closing Date in accordance with Section 3.1, or unilaterally to extend the time for the occurrence of the Closing Date to allow Hollow Creek to fulfill the Summit Closing Conditions. No such extension of the time period for the occurrence of the Closing Date shall be effective unless expressly given in writing signed by a duly authorized representative of Summit. The waiver of any Summit Closing Condition shall not constitute a waiver of any other Summit Closing Condition; nor shall the failure of Summit to complain of the failure of any of the Summit Closing Conditions or to declare Hollow Creek in default with respect to any Summit Closing Condition constitute a waiver by Summit of such Summit
Sample 1
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Related to SUMMIT CLOSING CONDITIONS

  • FPS Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3, Borrower shall satisfy each of the items specified in the subsections below:

  • Company Closing Conditions The Company’s obligation to consummate the transaction hereunder at the Closing shall be subject to the following conditions, any one or more of which may be waived by the Company:

  • Closing Conditions (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

  • Seller’s Closing Conditions The obligations of Seller under this Agreement are subject, at the option of Seller, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Purchaser’s Closing Conditions The Purchaser’s obligations to close the transactions described in this Agreement are subject to the satisfaction at or prior to Closing of the following conditions precedent (the “Purchaser’s Closing Conditions”):

  • Buyer’s Closing Conditions The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • Forward Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Satisfaction of Closing Conditions The Vendors agree to use their best efforts to ensure that the conditions set forth in Section 5.1, and the Purchaser agrees to use its best efforts to ensure that the conditions set forth in Section 5.3, are fulfilled at or prior to the Closing Time.

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