Common use of Default by Purchasers Clause in Contracts

Default by Purchasers. This Agreement may be terminated by Seller prior to the Closing at any time following the expiration of 10 days from the date that Seller has given written notice to Purchasers that there shall have been a misrepresentation or breach by Purchasers with respect to any representation, warranty or obligation of Purchasers in this Agreement which would entitle Seller not to consummate the transactions contemplated by this Agreement, and such misrepresentation or breach cannot be cured by the Drop Dead Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ascent Entertainment Group Inc), Purchase and Sale Agreement (Ascent Entertainment Group Inc)

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Default by Purchasers. This Agreement may be terminated by Seller prior to the Closing at any time following the expiration of 10 30 days from the date that Seller has given written notice to Purchasers that any representation or warranty of Purchasers in this Agreement is not true and correct in all material respects or that there shall have been a misrepresentation or breach by Purchasers with respect to any representation, warranty or material obligation of Purchasers in this Agreement Agreement, in either case which breach would entitle Seller not to consummate the transactions contemplated by this AgreementAgreement in accordance with Section 7.2, and such misrepresentation or breach cannot be cured by the Drop Dead Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ascent Entertainment Group Inc)

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Default by Purchasers. This Agreement may be terminated by --------------------- Seller prior to the Closing at any time following the expiration of 10 days from the date that Seller has given written notice to Purchasers that there shall have been a misrepresentation or breach by Purchasers with respect to any representation, warranty or obligation of Purchasers in this Agreement which would entitle Seller not to consummate the transactions contemplated by this Agreement, and such misrepresentation or breach cannot be cured by the Drop Dead Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ascent Entertainment Group Inc)

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