Failure of Closing Conditions. No Party may rely on the failure of any condition set forth in Section 8.1 or Section 8.3, as applicable, to be satisfied, and such condition shall be deemed to be satisfied with respect to such Party if such failure was caused by such Party’s failure, to act in good faith or fulfill any of its obligations contained in this Agreement.
Appears in 7 contracts
Samples: Backstop Conversion Commitment Agreement (Global Geophysical Services Inc), Backstop Conversion Commitment Agreement, Backstop Conversion Commitment Agreement (Global Geophysical Services Inc)
Failure of Closing Conditions. No Party may rely on the failure of any condition set forth in Section 8.1 6.1 or Section 8.36.2, as applicable, to be satisfied, and such condition shall be deemed to be satisfied with respect to such Party if such failure was caused by such Party’s failure, failure to act in good faith or fulfill any material breach of its obligations contained in this Agreement.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Roust Trading Ltd.), Securities Purchase Agreement (Roust Trading Ltd.), Securities Purchase Agreement (Central European Distribution Corp)
Failure of Closing Conditions. No Party may rely on the failure of any condition set forth in Section Section 8.1 or Section Section 8.3, as applicable, to be satisfied, and such condition shall be deemed to be satisfied with respect to such Party if such failure was caused by such Party’s failure, to act in good faith or fulfill any of its obligations contained in this Agreement.
Appears in 1 contract
Samples: Conversion Commitment Agreement (Global Geophysical Services Inc)
