Failure by Vendor. MMCAP Infuse reserves the right to immediately terminate the Agreement if the Vendor is not in compliance with the insurance requirements and retains all rights to pursue any legal remedies against the Vendor. All insurance policies must be open to inspection by Minnesota, and copies of policies must be submitted to MMCAP Infuse upon written request.
Failure by Vendor. If, at the Time of Closing, the Vendor fails to complete the Transaction, the Purchaser shall have the right, without prejudice to any other rights which he may have, upon payment of the portion of the purchase price payable to the Vendor at the Time of Closing to the credit of the Vendor in the main branch of Corporation’s bankers in the City of Winnipeg to execute and deliver, on behalf of and in the name of the Vendor, such deeds, transfers, share certificates, resignations, directions and other documents and instruments as may be necessary or desirable to complete the purchase and sale and the Vendor hereby irrevocably appoints the Purchaser or such individual as the Purchaser may designate, his attorney in that behalf in accordance with the Powers of Attorney Act (Manitoba), and in accordance with the said Act, the Vendor declares that this power of attorney may be exercised during any subsequent legal incapacity on his part.
