Upon the Closing Sample Clauses

Upon the Closing. If the Closing of the transactions contemplated by the Purchase Agreement occurs, then upon receipt of written instructions from the Buyer and the Seller, the Escrow Agent shall (i) deliver the Escrowed Property to the Seller, and (b) deliver the Interest not previously distributed pursuant to Section 3(c), if any, to the Buyer.

Upon the Closing. Buyer shall become a successor employer and shall assume all Liabilities and obligations under, and be bound by, the collective bargaining agreements listed on Section 8.4(j) of any Seller Disclosure Letter.

Upon the Closing the nominee of the New Shareholder shall be appointed as a Director to the Board in accordance with Article 88 of the Company's Articles of Association, or by the convention of a regular or special meeting.

Upon the Closing. Shochet will transfer or assign to BlueStone all of its furniture, fixtures and telephone and computer equipment relating to the properties covered by the Shochet Leases (the "Shochet Equipment") and all rights relating to the Shochet Equipment in accordance with this Section 5, except for such furniture, fixtures and telephone and computer equipment which are owned by Shochet Holding and not used in the operation of Shochet (the "Shochet Holding Equipment"), provided that the value of the Shochet Holding Equipment does not exceed 5% of all the value of the Shochet Equipment. A list of the Shochet Equipment and leases pertaining to any Shochet Equipment ("Shochet Equipment Leases") is set forth on Schedule 5(b) attached hereto. Shochet will provide BlueStone with a list of the Shochet Holding Equipment prior to the Closing Date.

Upon the Closing. If the Closing of the transactions contemplated by the Asset Purchase Agreement occurs on or before June 30, 1996 (the "Target Date"), then upon receipt of written instructions from the Undersigned, the Depository shall disburse the Deposits to the Seller as a credit against the purchase price of the assets of the Company as referenced in the Asset Purchase Agreement and shall disburse the Accrued Earnings to the Purchaser.

Upon the Closing the Buyer agrees to assume the collective bargaining agreements between Willow Creek and Oak Ridge, on the one hand, and 1199 SEIU, UHE, on the other hand (the “Willow Creek and Oak Ridge CBAs”) as of the Closing Date and agrees to contribute to the SEIU Pension Fund after the Closing Date as a new participating employer in accordance with the Willow Creek and Oak Ridge CBAs, respectively.]

Upon the Closing. Escrow Holder is authorized and directed to pay the Deposit to Seller (or as Seller may direct) by the method of payment instructed by Seller.

Upon the Closing. (i) the Secured Obligations under and as defined in the Security Agreement dated as of July 23, 2001 by and among the Company, the subsidiaries of the Company party thereto and the Purchaser (the "Security Agreement") shall be and have been fully and indefeasibly paid, the Security Agreement shall terminate as set forth therein, and the Purchaser shall execute and deliver to the Company all Uniform Commercial Code termination statements and similar documents which the Company shall reasonably request to evidence such termination; (ii) the Secured Obligations under and as defined in the Pledge Agreement and Irrevocable Proxy dated as of July 23, 2001 by and between the Company and the Purchaser (the "Pledge Agreement") shall be and have been fully and indefeasibly paid, the Pledge Agreement shall terminate as set forth therein, and the Purchaser shall reassign and deliver to the Company such of the Pledged Collateral (as defined in the Pledge Agreement) as shall be held by it thereunder, together with appropriate instruments of reassignment and release; (iii) the Secured Obligations under and as defined in the Intellectual Property Security Agreement dated as of July 23, 2001 by and among the Company, the subsidiaries of the Company party thereto and the Purchaser (the "IP Security Agreement") shall be and have been fully and indefeasibly paid, the IP Security Agreement shall terminate as set forth therein, and the Purchaser shall execute and deliver to the Company all termination statements and similar documents which the Company shall reasonably request to evidence such termination; and (iv) the General and Continuing Guaranty dated as of July 23, 2001 by the guarantors party thereto in favor of the Purchaser shall terminate and thereafter be of no further force and effect.

Upon the Closing of the transactions contemplated herein and hereby, the Escrow Agent shall deliver the Deposit, together with all interest which shall have accrued thereon, to the Seller, and the amount thereof shall be credited by the Seller as a partial payment of the Purchase Price by the Purchaser.

Upon the Closing. Broker(s) is/are authorized to publicize the facts of this transaction. 19.