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 Vendor, the Vendor may, acting reasonably, terminate this Agreement by notice in writing to the Purchaser. In such event, the 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

AutoNDA by SimpleDocs

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 VendorVendors, the Vendor Vendors may, acting reasonably, terminate this Agreement by notice in writing to the Purchaser. In such event, the Vendor 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

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 VendorPurchaser, the Vendor Purchaser may, acting reasonably, terminate this Agreement by notice in writing to the PurchaserVendor. In such event, event the Vendor 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

AutoNDA by SimpleDocs

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 VendorPurchaser, the Vendor Purchaser may, acting reasonably, terminate this Agreement by notice in writing to the PurchaserVendors and the Claim Holder. In such event, event the Vendor 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

Time is Money Join Law Insider Premium to draft better contracts faster.