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 6.1 have not been satisfied as of the intended Closing Date, Purchaser shall notify Seller in writing indicating its election to (a) waive such conditions precedent or (b) terminate this Agreement pursuant to Section 12.1. ASSET PURCHASE AGREEMENT (YBL) EXECUTION VERSION

Appears in 1 contract

Samples: Asset Purchase Agreement (Crowley Maritime Corp)

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Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, that any of the conditions precedent set forth above in Section 6.1 7.1 have not been satisfied as of the intended Closing Datesatisfied, Seller shall either (a) notify Purchaser shall notify Seller in writing indicating its election to (a) waive such conditions precedent or (b) terminate this Agreement pursuant to Section 12.111.1 or (b) close the transactions contemplated by this Agreement, thereby waiving such condition precedent. ASSET PURCHASE AGREEMENT (YBL) EXECUTION VERSIONIn lieu of the foregoing, Purchaser and Seller may agree to consummate the transactions contemplated by this Agreement on such additional terms as are agreed to by Purchaser and Seller in writing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phase Iii Medical Inc/De)

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, that any of the conditions precedent set forth above in Section 6.1 7.1 have not been satisfied as of the intended Closing Datesatisfied, Purchaser Seller shall notify Seller Purchaser in writing indicating its election to (a) waive such conditions precedent or condition precedent, (b) terminate this Agreement pursuant to Section 12.111.1 or (c) close the transactions contemplated by this Agreement, reserving their rights and remedies, without waiving such condition precedent. ASSET PURCHASE AGREEMENT (YBL) EXECUTION VERSIONIn lieu of the foregoing, Purchaser and Seller may agree to consummate the transactions contemplated by this Agreement on such additional terms as are agreed to by Purchaser and Seller in writing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Barr Laboratories Inc)

Procedure for Failure to Satisfy Conditions. In the event that, in Purchaser's reasonable judgment, that any of the conditions precedent set forth above in Section 6.1 have not been satisfied as of the intended Closing Datesatisfied, Purchaser shall either (a) notify Seller in writing indicating its election to (a) waive such conditions precedent or (b) terminate this Agreement pursuant to Section 12.111.1, or (b) close the transactions contemplated by this Agreement, thereby waiving such conditions precedent. ASSET PURCHASE AGREEMENT (YBL) EXECUTION VERSIONIn lieu of the foregoing, Purchaser and Seller may agree to consummate the transactions contemplated by this Agreement on such additional terms as are agreed to by Purchaser and Seller in writing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phase Iii Medical Inc/De)

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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 6.1 have not been satisfied as of the intended Closing Date, Purchaser shall notify Seller Sellers in writing indicating its election to (a) waive such conditions precedent or (b) terminate this Agreement pursuant to Section 12.1. ASSET PURCHASE AGREEMENT (YBLYFC/SOG) EXECUTION VERSION

Appears in 1 contract

Samples: Purchase Agreement (Crowley Maritime Corp)

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