Conditions; Termination. The respective obligation of each party to effect the Merger is subject to the simultaneous occurrence of the Transfer Closing Date and the simultaneous consummation of the transactions contemplated by the Subscription Agreement. The Board of Directors of either constituent corporation may terminate this Agreement by filing a certificate of termination with the Secretary of State of the State of Delaware prior to the effective time of the merger as set forth in the Certificate of Merger. Each party may terminate this Agreement by providing written notice to that effect to the other party if the Closing shall not occur on or prior to June 15, 1997.
Appears in 2 contracts
Samples: Merger Agreement (Goldman Sachs Group Lp), Merger Agreement (Goldman Sachs Group Lp)
