Common use of Effect of Failure to Close Clause in Contracts

Effect of Failure to Close. If the Closing of the transactions contemplated herein does not occur for any reason, then the rights and obligations of the Parties hereunder shall terminate without any Liability of any Party to any other Party.

Appears in 4 contracts

Samples: Stock Purchase Agreement (EPOD Solar Inc.), Stock Purchase Agreement (EPOD Solar Inc.), Stock Purchase Agreement (EPOD International Inc)

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Effect of Failure to Close. If the Closing of the transactions contemplated herein does not occur for any reason, then the rights and obligations of the Parties hereunder shall terminate without any Liability of any Party party to any other Partyparty.

Appears in 2 contracts

Samples: Asset and Stock Purchase Agreement, Asset and Stock Purchase Agreement (Allora Minerals, Inc.)

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