Common use of Expiration of Time Clause in Contracts

Expiration of Time. By either Skyline or CHC upon notification to the non-terminating party by the terminating party: (i) at any time after September 30, 2020, if the Merger shall not have been consummated on or prior to such date and such failure to consummate the Merger is not caused by a breach of this Agreement by the terminating party; (ii) if there has been a material breach of any representation, warranty, covenant or agreement on the part of the non-terminating party set forth in this Agreement, which breach is not curable or, if curable, has not been cured within thirty (30) days following receipt by the non-terminating party of notice of such breach from the terminating party; or (iii) if any court of competent jurisdiction or other competent Governmental Entity shall have issued an Order or Law making illegal or otherwise restricting, preventing or prohibiting the Merger and such Order or Law shall have become final and non-appealable.

Appears in 2 contracts

Samples: Merger Agreement (ComSovereign Holding Corp.), Merger Agreement (ComSovereign Holding Corp.)

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Expiration of Time. By either Skyline SNL or CHC upon notification to the non-terminating party by the terminating party: (i) at any time after September 30November 12th, 20202021, if the Merger Share Purchase shall not have been consummated on or prior to such date and such failure to consummate the Merger Share Purchase is not caused by a breach of this Agreement by the terminating party; (ii) if there has been a material breach of any representation, warranty, covenant or agreement on the part of the non-terminating party set forth in this Agreement, which breach is not curable or, if curable, has not been cured within thirty (30) days following receipt by the non-terminating party of notice of such breach from the terminating party; or (iii) if any court of competent jurisdiction or other competent Governmental Entity shall have issued an Order or Law making illegal or otherwise restricting, preventing or prohibiting the Merger Share Purchase and such Order or Law shall have become final and non-appealable.

Appears in 1 contract

Samples: Share Purchase Agreement (COMSovereign Holding Corp.)

Expiration of Time. By either Skyline ID or CHC upon notification to the non-terminating party by the terminating party: (i) at any time after September 30May 31, 20202021, if the Merger shall not have been consummated on or prior to such date and such failure to consummate the Merger is not caused by a breach of this Agreement by the terminating party; (ii) if there has been a material breach of any representation, warranty, covenant or agreement on the part of the non-terminating party set forth in this Agreement, which breach is not curable or, if curable, has not been cured within thirty five (305) days following receipt by the non-terminating party of notice of such breach from the terminating party; or (iii) if any court of competent jurisdiction or other competent Governmental Entity shall have issued an Order or Law making illegal or otherwise restricting, preventing or prohibiting the Merger and such Order or Law shall have become final and non-appealable.

Appears in 1 contract

Samples: Merger Agreement (COMSovereign Holding Corp.)

Expiration of Time. By either Skyline VNC or CHC upon notification to the non-terminating party by the terminating party: (i) at any time after September 30June 15, 2020, if the First Merger shall not have been consummated on or prior to such date and such failure to consummate the First Merger is not caused by a breach of this Agreement by the terminating party; (ii) if there has been a material breach of any representation, warranty, covenant or agreement on the part of the non-terminating party set forth in this Agreement, which breach is not curable or, if curable, has not been cured within thirty (30) days following receipt by the non-terminating party of notice of such breach from the terminating party; or (iii) if any court of competent jurisdiction or other competent Governmental Entity shall have issued an Order or Law making illegal or otherwise restricting, preventing or prohibiting the Merger and such Order or Law shall have become final and non-appealable.

Appears in 1 contract

Samples: Merger Agreement (ComSovereign Holding Corp.)

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Expiration of Time. By either Skyline SKS or CHC upon notification to the non-terminating party by the terminating party: (i) at any time after September April 30, 20202021, if the Merger Share Purchase shall not have been consummated on or prior to such date and such failure to consummate the Merger Share Purchase is not caused by a breach of this Agreement by the terminating party; (ii) if there has been a material breach of any representation, warranty, covenant or agreement on the part of the non-terminating party set forth in this Agreement, which breach is not curable or, if curable, has not been cured within thirty (30) days following receipt by the non-terminating party of notice of such breach from the terminating party; or (iii) if any court of competent jurisdiction or other competent Governmental Entity shall have issued an Order or Law making illegal or otherwise restricting, preventing or prohibiting the Merger Share Purchase and such Order or Law shall have become final and non-appealable.

Appears in 1 contract

Samples: Share Purchase Agreement (ComSovereign Holding Corp.)

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