EDE » Topics » Section 4. Conditions to Closing.

This excerpt taken from the EDE 8-K filed Jun 6, 2006.
Section 4.              Conditions to Closing. Each Purchaser’s obligation to purchase and pay for the Bonds to be sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions:

This excerpt taken from the EDE 8-K filed Sep 23, 2005.



8.1           Conditions to Each Party’s Obligations to Effect the Closing.  The respective obligations of each Party to effect the transactions contemplated hereby are subject to the fulfillment at or prior to the Closing Date of the following conditions:


(a)           The waiting period under the HSR Act, including any extension thereof, applicable to the consummation of the transactions contemplated hereby shall have expired or been terminated;


(b)           No Order which prevents the consummation of any material aspect of the transactions contemplated hereby shall have been issued and remains in effect (each Party agreeing to use its commercially reasonable efforts to have any such Order lifted) and no Law shall have been enacted which prohibits the consummation of the transactions contemplated hereby;


(c)           All consents and approvals for the consummation of the transactions contemplated hereby required from third parties shall have been obtained (including the consents and approvals set forth in Schedule 5.3 and Schedule 6.3), other than any of such consents or approvals that the failure to obtain would not, in the aggregate, create or reasonably be expected to create a Material Adverse Effect; provided that satisfaction of the foregoing condition shall be determined (i) without consideration of any Required Regulatory Approval (which condition will be governed by Sections 8.2(e) and 8.3(d)), and (ii) after taking into account the reasonably expected effects of any actions taken, or to be taken, by the Parties, or which Seller has offered to take but which Buyer has declined, pursuant to Section 7.4.  Failure of this condition may not be asserted by a Party as justification for failure to effect the transactions herein contemplated if the failure resulted from such Party’s breach of a covenant hereunder with respect to obtaining such consent or approval or breach of a representation or warranty of the full force and effect of the underlying Business Agreement or Permit.



Jun 6, 2006
Sep 23, 2005
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