Buyer’s Contingencies. The obligations of Buyers under this Agreement are contingent upon the satisfaction or waiver of each of the following (the Buyers’ Contingencies): (1) The representations and warranties of Seller set forth in this Agreement must be true as of the date of this Agreement and on the Closing Date, and Seller shall have delivered to Buyers at Closing a certificate dated the Closing Date, signed by Seller, certifying that such representations and warranties are true as of the Closing Date. If any of the Buyers’ Contingencies have not been satisfied as of the deadline specified above, then Buyers may, at Buyers’ option, terminate this Agreement by giving written notice to Seller. Upon such termination, neither Seller nor Buyers shall have any further rights or obligations under this Agreement, except for obligations which expressly survive the termination of this Agreement. The Buyers’ Contingencies are for the sole and exclusive benefit of Buyers, and Buyers shall have the right to waive any or all of the Buyers’ Contingencies by giving written notice to Seller on or before the deadline for any contingency it waives.
Appears in 5 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
