Examples of Closing Obligations in a sentence
At and after Closing, under the Post-Closing Obligations Agreement Buyer and future Owners release and waive most rights against Seller, and have only contractual rights against, and protections from, JCP&L, including under indemnities and under the right to enforce the Post- Closing Obligations Agreement against Seller, in exchange for Buyer’s and future Owners’ obligations under the Post-Closing Obligations Agreement, with all parties liable for their breaches, if any.
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.
Tenant shall provide all communications regarding the Post Closing Obligations, including Tenant’s proof of satisfactory completion thereof to Landlord, addressed to: Xxxxx X.
At Closing all cash and cash equivalents including, without limitation, the proceeds of the Purchase Price remaining after the payment of the Company Closing Obligations, shall be transferred to the Operating Subsidiary.
That the City Manager is hereby authorized to execute the Purchase and Sale Agreement and Post Closing Obligations Agreement with Deer Street Associates on behalf of the City regarding the City’s acquisition of a potential site for a municipal parking garage on Deer Street (collectively, the “Documents”) once the schedules of those Documents are in completed form and attached thereto.