Common use of Non-Satisfaction of Conditions Clause in Contracts

Non-Satisfaction of Conditions. If any of the conditions set forth in Section 5.1 are not fulfilled or waived to the reasonable satisfaction of the Vendors, the Vendors may, acting reasonably, terminate this Agreement by notice in writing to the Purchaser. In such event, the Vendors will be released from all obligations under this Agreement and the Purchaser will also be so released unless it was reasonably capable of causing such condition or conditions to be fulfilled or they have breached any of their representations, warranties, covenants or agreements in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Non-Satisfaction of Conditions. If any of the conditions set forth in Section 5.1 5.3 are not fulfilled or waived to the reasonable satisfaction of the VendorsPurchaser, the Vendors Purchaser may, acting reasonably, terminate this Agreement by notice in writing to the PurchaserVendors and the Claim Holder. In such event, event the Vendors Purchaser will be released from all obligations under this Agreement and the Purchaser Vendors will also be so released unless it was reasonably capable of causing such condition or conditions to be fulfilled or they have it has breached any of their its representations, warranties, covenants or agreements in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

Non-Satisfaction of Conditions. If any of the conditions set forth in Section 5.1 5.3 are not fulfilled or waived to the reasonable satisfaction of the VendorsPurchaser, the Vendors Purchaser may, acting reasonably, terminate this Agreement by notice in writing to the PurchaserVendor. In such event, event the Vendors Purchaser will be released from all obligations under this Agreement and the Purchaser Vendor will also be so released unless it was reasonably capable of causing such condition or conditions to be fulfilled or they have it has breached any of their its representations, warranties, covenants or agreements in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Non-Satisfaction of Conditions. If any of the conditions set forth in Section 5.1 are not fulfilled or waived to the reasonable satisfaction of the VendorsVendor, the Vendors Vendor may, acting reasonably, terminate this Agreement by notice in writing to the Purchaser. In such event, the Vendors Vendor will be released from all obligations under this Agreement and the Purchaser will also be so released unless it was reasonably capable of causing such condition or conditions to be fulfilled or they have breached any of their representations, warranties, covenants or agreements in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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