Common use of Non-satisfaction Clause in Contracts

Non-satisfaction. If any Condition Precedent is not satisfied or waived on or before the Relevant Date or such later period of time as the Purchaser and the Vendor may agree in writing, then, save as otherwise expressly provided, this Agreement shall terminate and no party shall have any claim against the other party under it. The provisions of Clauses 1, 10.1, 10.3, 11.1, 11.2, 11.3, 11.4, 11.8, 11.9, 11.10 and 11.13 shall survive any termination of this Agreement and the rights and liabilities of the parties which have accrued before termination or in relation to these Clauses shall survive termination.

Appears in 2 contracts

Samples: Share Purchase Agreement (Macquarie Infrastructure CO Trust), Share Purchase Agreement (Macquarie Infrastructure Assets LLC)

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Non-satisfaction. If any Condition Precedent is not satisfied or waived on or before the Relevant Date or such later period of time as the Purchaser and the Vendor may agree in writing, then, save as otherwise expressly provided, this Agreement shall terminate and no party shall have any claim against the other party under it. The provisions of Clauses 1, 10.1, 10.3, 11.1, 11.2, 11.3, 11.4, 11.8, 11.9, 11.10 11.10, 11.11 and 11.13 11.15 shall survive any termination of this Agreement and the rights and liabilities of the parties which have accrued before termination or in relation to these Clauses shall survive termination.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Macquarie Infrastructure CO LLC), Sale and Purchase Agreement (Macquarie Infrastructure CO LLC)

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