Investor Breach. In the event Investor shall have breached (i) its obligation to effect a purchase of Company Common Stock pursuant to the Stock Purchase Agreement which breach is neither cured nor desired from within 30 days of receipt of written notice of such breach, or (ii) any of its obligations under this Agreement which breach is neither cured nor desisted from within 30 days of receipt of written notice of such breach and which would reasonably be expected to materially adversely affect the Company, the Company shall no longer be required to perform any of its obligations hereunder.
Appears in 3 contracts
Samples: Stockholders Agreement (Arv Assisted Living Inc), Stock Purchase Agreement (Arv Assisted Living Inc), Stockholders Agreement (Prometheus Assisted Living LLC)
Investor Breach. In the event Investor shall have breached (i) its obligation to effect a purchase of the Company Common Stock Notes pursuant to the Stock Purchase Agreement which breach is neither cured nor desired from within 30 days of receipt of written notice of such breach, or (ii) any of its obligations under this Agreement which breach is neither cured nor desisted from within 30 days of receipt of written notice of such breach and which would reasonably be expected to materially adversely affect the Company, the Company shall no longer be required to perform any of its obligations hereunder.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Prometheus Assisted Living LLC), Stock Purchase Agreement (Arv Assisted Living Inc), Stockholders Agreement (Prometheus Assisted Living LLC)
Investor Breach. In the event Investor shall have breached (i) its obligation to effect a purchase of Company Common Stock pursuant to the Stock Purchase Agreement which breach is neither cured nor desired desisted from within 30 days of receipt of written notice of such breach, or (ii) any of its obligations under this Agreement which breach is neither cured nor desisted from within 30 days of receipt of written notice of such breach and which would reasonably be expected to materially adversely affect the Company, the Company shall no longer be required to perform any of its obligations hereunder.
Appears in 3 contracts
Samples: Stockholders Agreement (Prometheus Southeast Retail LLC), Stock Purchase Agreement (Prometheus Southeast Retail LLC), Stockholders Agreement (Fac Realty Trust Inc)
