Breach of Closing Obligations. If the Sellers shall fail to comply with any of the Closing Obligations, the Purchaser shall be entitled (in addition to and without prejudice to all other rights or remedies available including the right to claim damages or compensation from the Sellers by reason of any such breach or non-fulfilment): 5.3.1 to give a Notice of Termination to the Sellers to terminate this Agreement without liability on its part. Upon giving of a Notice of Termination by the Purchaser to the Sellers pursuant to this Clause 5.3.1, this Agreement shall terminate and the provisions of Clause 9.6.2 shall apply; 5.3.2 to proceed to effect Closing so far as practicable having regard to the defaults which have occurred; or 5.3.3 to fix a new date for Closing (not being more than twenty (20) Business Days from the agreed date for Closing) in which case the provisions of this Clause 5 shall apply to Closing as so deferred but provided that such deferral may only occur once.
Appears in 4 contracts
Samples: Share Sale Agreement (Starbox Group Holdings Ltd.), Share Sale Agreement (Starbox Group Holdings Ltd.), Share Sale Agreement (Starbox Group Holdings Ltd.)
Breach of Closing Obligations. If the Sellers Seller shall fail to comply with any of the Closing Obligations, the Purchaser shall be entitled (in addition to and without prejudice to all other rights or remedies available including the right to claim damages or compensation from the Sellers Seller by reason of any such breach or non-fulfilment):
5.3.1 to give a Notice of Termination to the Sellers Seller to terminate this Agreement without liability on its part. Upon giving of a Notice of Termination by the Purchaser to the Sellers Seller pursuant to this Clause 5.3.1, this Agreement shall terminate and the provisions of Clause 9.6.2 shall apply;
5.3.2 to proceed to effect Closing so far as practicable having regard to the defaults which have occurred; or
5.3.3 to fix a new date for Closing (not being more than twenty (20) Business Days from the agreed date for Closing) in which case the provisions of this Clause 5 shall apply to Closing as so deferred but provided that such deferral may only occur once.
Appears in 4 contracts
Samples: Sale and Purchase Agreement (Nova Lifestyle, Inc.), Sale and Purchase Agreement (Nova Lifestyle, Inc.), Sale and Purchase Agreement (Nova Lifestyle, Inc.)
