Common use of Defaults Permitting Termination Clause in Contracts

Defaults Permitting Termination. If either Buyer or Selling Parties materially default in the due and timely performance of any of its or their warranties, covenants, or agreements under this Agreement, the non-defaulting party or parties may on the Closing Date give notice of termination of this Agreement, in the manner provided in Section 12.11. The notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective three (3) days after the Closing Date, unless the specified default or defaults have been cured on or before this effective date for termination.

Defaults Permitting Termination. If either Buyer Buyers or Selling Parties materially default in the due and timely performance of any of its or their warranties, covenants, or agreements under this Agreement, the non-defaulting nondefaulting party or parties may on the Closing Date give notice of termination of this Agreement, in the manner provided in Section 12.1111.11. The notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective three Two (32) calendar days after the Closing Date, unless the specified default or defaults have been cured on or before this effective date for termination.

Defaults Permitting Termination. If either Buyer or Selling Parties materially default in the due and timely performance of any of its or their warranties, covenants, warranties or agreements under this Agreementagreement, the non-defaulting nondefaulting party or parties may on the Closing Date closing date give notice of termination of this Agreementagreement, in the manner provided in Section 12.11Article XV. The notice shall will specify with particularity the default or defaults on which the notice is based. The termination shall will be effective three (3) five business days after the Closing Dateclosing date, unless the specified default or defaults have been cured on or before this effective date for termination.

Defaults Permitting Termination. If either Buyer or Selling Parties Seller materially default defaults in the due and timely performance of any of its or their warranties, covenants, or agreements under this Agreement, the non-defaulting party or parties may on or prior to the Closing Date give notice of the termination of this Agreement, in the manner provided in Section 12.11ARTICLE 16. The notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective three (3) seven days after the Closing Dategiving of such notice, unless the specified default or defaults have been cured on or before this the effective date for termination.