Board Approval Condition. The Parties acknowledge that this Agreement remains subject to approval by the Board of Directors of each Party and agree that their respective Boards of Directors shall convene promptly following the date hereof to consider and vote upon this Agreement. In the event that the Board of Directors of either Party does not approve this Agreement, such Party may deliver a written termination notice to the other Party no later than 9:00 p.m., U.S. Eastern time, on the tenth (10th) business day following the date of this Agreement, in which event this Agreement shall be deemed null and void ab initio and neither Party shall have any rights, obligations, or liabilities in respect hereof. In the event that neither Party delivers a termination notice pursuant to this Section 26.14 prior to such time, then this Agreement shall be deemed in full force and effect as of and following the date first above written.
Appears in 6 contracts
Samples: Agreement, Agreement (Reliant Pharmaceuticals, Inc.), Agreement (Reliant Pharmaceuticals, Inc.)
