Common use of Procedure for Failure to Satisfy Conditions Clause in Contracts

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, any of the conditions precedent set forth in Section 5.1 have not been satisfied, Purchaser shall notify Seller in writing indicating Purchaser's election to waive such condition precedent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Neenah Foundry Co)

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Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's the Sellers' reasonable judgment, any of the conditions precedent set forth in Section 5.1 7.1 have not been satisfied, Purchaser the Sellers shall notify Seller Purchaser in writing indicating Purchaser's Sellers' election to to: (a) waive such condition conditions precedent; or (b) terminate this Agreement pursuant to Section 11.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Plato Learning Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in PurchaserSeller's reasonable judgment, any of the conditions precedent set forth in Section 5.1 8.1 have not been satisfied, Purchaser Seller shall notify Seller Purchaser in writing indicating Purchaserthe Company's election to to: (a) waive such condition conditions precedent; or (b) terminate this Agreement pursuant to Section 11.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jpe Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, any of the conditions precedent set forth in Section 5.1 6.1 have not been satisfied, Purchaser shall notify Seller the Sellers in writing indicating Purchaser's its election to (a) waive such condition precedentprecedent or (b) terminate this Agreement pursuant to Section 11.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Plato Learning Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in PurchaserSeller's reasonable judgment, any of the conditions precedent set forth in Section 5.1 6.1 have not been satisfied, Purchaser Seller shall notify Seller Purchaser in writing indicating PurchaserSeller's election to waive such condition conditions precedent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Neenah Foundry Co)

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Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, any of the conditions precedent set forth in Section 5.1 6.1 have not been satisfied, Purchaser shall notify Seller in writing indicating Purchaser's its election to (a) waive such condition precedentprecedent or (b) terminate this Agreement pursuant to Section 11.1.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jpe Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, any of the conditions precedent set forth in Section 5.1 6.1 have not been satisfied, Purchaser ----------- shall notify Seller the Representative in writing indicating Purchaser's its election to (a) waive such condition precedent.precedent or (b) terminate this Agreement pursuant to Section ------- 11.1. ----

Appears in 1 contract

Samples: Stock Purchase Agreement (Medichem Life Sciences Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's Sellers' reasonable judgment, any of the conditions precedent set forth in Section 5.1 7.1 have not been satisfiedsatisfied as of the intended Closing Date, Purchaser Sellers shall notify Seller Purchaser in writing indicating Purchaser's Sellers' election to (a) waive such condition precedentconditions precedent or (b) terminate this Agreement pursuant to Section 12.1.

Appears in 1 contract

Samples: Purchase Agreement (Crowley Maritime Corp)

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