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share purchase agreement - The Law Society of Saskatchewan

share purchase agreement - The Law Society of Saskatchewan

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46conditions contained in section 6.1 here<strong>of</strong> are not fulfilled orcomplied with as herein provided, the Purchaser may, at or prior tothe Closing Time at its option, rescind this Agreement by notice inwriting to the Vendor and the Shareholder and in such event thePurchaser shall be released from all obligations hereunder and,unless the condition or conditions which have not been fulfilledare reasonably capable <strong>of</strong> being fulfilled or caused to be fulfilledby the Vendor, the Shareholder or the Corporation, then the Vendorand the Shareholder shall also be released from all obligationshereunder.6.3 CONDITIONS TO THE OBLIGATIONS OF THE VENDOR:Notwithstanding anything herein contained, the obligations <strong>of</strong> theVendor and the Shareholder to complete the transactions providedfor herein will be subject to the fulfilment <strong>of</strong> the followingconditions at or prior to the Closing Time, and the Purchaser willuse its best efforts to ensure that such conditions are fulfilled.(1) Accuracv <strong>of</strong> RepresentationsPerformance <strong>of</strong> Covenants:and warranties and<strong>The</strong> representations and warranties <strong>of</strong> the Purchaser containedin this Agreement or in any documents delivered in order tocarry out the transactions contemplated hereby will be trueand accurate on the date here<strong>of</strong> and at the Closing Time withthe same force and effect as though such representations andwarranties had been made as <strong>of</strong> the Closing Time (regardless <strong>of</strong>the date as <strong>of</strong> which the information in this Agreement or anysuch schedule or other document made pursuant hereto isgiven). In addition, the Purchaser shall have complied withall covenants and <strong>agreement</strong>s herein agreed to be performed orcaused to be performed by it at or prior to the Closing Time.In addition, the Purchaser shall have delivered to the Vendora certificate in the form <strong>of</strong> Schedule "DD" attached heretoconfirming that the facts with respect to each <strong>of</strong> therepresentations and warranties <strong>of</strong> the Purchaser are as set outherein at the Closing Time and that the Purchaser hasperformed each <strong>of</strong> the covenants required to be performed by ithereunder.(2) No Restraining Proceedings:No order, decision or ruling <strong>of</strong> any court, tribunal orregulatory authority having jurisdiction shall have been made,and no action or proceeding shall be pending or threatenedWhich, in the opinion <strong>of</strong> counsel to the Vendor or theShareholder, is likely to result in an order, decision or

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