Common use of Abandonment of Merger Clause in Contracts

Abandonment of Merger. The rights and obligations of the Constituent Corporations under this Agreement may be terminated and the Merger abandoned prior to the Effective Time by the mutual agreement of the Board of Directors of both of the Constituent Corporations.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Rocky Mountain Financial Enterprises Inc), Agreement and Plan of Merger (Genus International Corp), Agreement and Plan of Merger (Interspace Enterprises Inc)

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Abandonment of Merger. The rights and obligations of the Constituent Corporations under this Agreement may be terminated and the Merger abandoned prior to the Effective Time as provided in the GCL by the mutual agreement of the Board of Directors of both of the Constituent Corporations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Household Direct Com Inc)

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