Common use of Abandonment of Sale Clause in Contracts

Abandonment of Sale. RSI shall have the right, in its sole discretion, at all times prior to consummation of the proposed transaction giving rise to the Tag-Along Rights, to abandon, withdraw or otherwise terminate its participation in the proposed transaction, and RSI shall not have any liability or obligation to the Holders as a result of such abandonment, withdrawal or other termination.

Appears in 6 contracts

Samples: Stockholders Agreement (Carramerica Realty Corp), Stockholders Agreement (Reckson Services Industries Inc), Stockholders Agreement (Frontline Capital Group)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.