Common use of Failure of Conditions Precedent to Obligations of Buyer Clause in Contracts

Failure of Conditions Precedent to Obligations of Buyer. In case of ======================================================= the failure of any of the conditions precedent described in Section 9.2 hereof, and if Seller, after having received written notice of such failure from Buyer and having had a reasonable opportunity (i.e. fifteen (15) days) has failed to cure same, Buyer shall have the right to terminate this Agreement without liability. In addition, if the failure to such condition precedent constitutes a material default by Seller, Buyer shall have the right, as its option, to exercise any or all of its rights or remedies for default provided in Section 17 hereof. Buyer shall not be deemed to have waived any failure by Seller to fulfill any of the conditions precedent described in Section 9.2 if Buyer does not have actual knowledge of such failure a the time of Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Radio One Inc), Asset Purchase Agreement (Radio One Inc)

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Failure of Conditions Precedent to Obligations of Buyer. In case of ======================================================= the failure of any of the conditions precedent described in Section 9.2 hereof, and if Seller, after having received written notice application of such failure from Buyer and having had a reasonable opportunity (i.e. fifteen (15) days) the provisions of Section 16.2 hereof, has failed to cure same, Buyer shall have the right to terminate this Agreement without liability. In addition, if the failure to of such condition precedent constitutes a material default by Seller, Buyer shall have the right, as at its option, to exercise any or all of its rights or remedies for default provided in Section 17 16 hereof. Buyer shall not be deemed to have waived any failure by Seller to fulfill any of the conditions precedent described in Section 9.2 if Buyer does not have actual knowledge of such failure a at the time of Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Legacy Communications Corp), Asset Purchase Agreement (Legacy Communications Corp)

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Failure of Conditions Precedent to Obligations of Buyer. In case of ======================================================= the failure of any of the conditions precedent described in Section 9.2 hereof, and if Seller, after having received written notice of such failure from Buyer and having had a reasonable opportunity (i.e. fifteen (15) days) calendar days has failed to cure same, Buyer shall have the right to terminate this Agreement without liability. In addition, if the failure to of such condition precedent constitutes a material default by Seller, Buyer shall have the right, as at its option, to exercise any or all of its rights or remedies for default provided in Section 17 16 hereof. Buyer shall not be deemed to have waived any failure by Seller to fulfill any of the conditions precedent described in Section 9.2 if Buyer does not have actual knowledge of such failure a at the time of Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Legacy Communications Corp)

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