Common use of Conditions Permitting Termination Clause in Contracts

Conditions Permitting Termination. Either party may, on the Closing Date, terminate this Agreement, without liability to the other if: (i) any bona fide action or proceeding shall be pending against either party on the Closing Date that could result in an unfavorable judgment, decree or order that would prevent or make unlawful the carrying on of this Agreement, or if any agency of the federal or state government shall have objected at or before the Closing Date to this acquisition or to any other action required by or in connection with this Agreement; (ii) the legality and sufficiency of all steps taken and to be taken by the parties in carrying out this Agreement shall not have been reasonably approved by Buyer’s counsel as required by this Agreement;

Conditions Permitting Termination. Either Any party may, may on the Closing Date, Date terminate this Agreement, without liability to the other ifany other: (ia) If any bona fide action or proceeding shall be pending against either any party on the Closing Date that could result in an unfavorable judgmentjudgement, decree decree, or order that would prevent or make unlawful the carrying on performance of this Agreement, ; or if any agency of the federal or of any state government shall have objected at or before the Closing Date to this acquisition or to any other action required by or in connection with this Agreement;; or (iib) If the legality and sufficiency of all steps taken and to be taken by the parties and their shareholders in carrying out this Agreement shall not have been reasonably approved by Buyer’s counsel counse; as required by this Agreement;.

Conditions Permitting Termination. Either party may, may terminate this Agreement on the Closing Date, terminate this Agreement, Date without liability to the other if: (ia) any Any bona fide action or proceeding shall be is pending against either party on the Closing Date that could result in an unfavorable judgment, decree decree, or order that would prevent or make unlawful the carrying on out of this Agreement, or if any agency of the federal or state government shall have objected at or before the Closing Date to this acquisition or to any other action required by or in connection with this Agreement;; or (iib) the The legality and sufficiency of all steps taken and to be taken by the parties and their shareholders in carrying out this Agreement shall not have been reasonably approved by Buyer’s counsel as required by this Agreement;; or (c) Any condition precedent of either party, as set forth herein, has not been satisfied or waived.