Common use of Purchaser Breach Clause in Contracts

Purchaser Breach. Purchaser shall not have failed to perform in any material respect any obligation or to comply in any material respect with any agreement or covenant to be performed or complied with by it under this Agreement. The foregoing conditions are for the sole benefit of Sellers, may be waived on behalf of all Sellers by Sellers’ Representative, in whole or in part, at any time and from time to time in the sole discretion of Sellers’ Representative. The failure by Sellers’ Representative at any time to exercise any of the foregoing rights shall not be deemed a waiver of any such right and each such right shall be deemed an ongoing right which may be asserted at any time and from time to time.

Appears in 3 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Openwave Systems Inc), Stock Purchase Agreement (Openwave Systems Inc)

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Purchaser Breach. Purchaser shall not have failed to perform in any material respect any obligation or to comply in any material respect with any agreement or covenant to be performed or complied with by it under this Agreement where the failure to so perform is not adequately or properly remedied by indemnification under this Agreement. The foregoing conditions are condition is for the sole benefit of SellersShareholders, may be waived on behalf of all Sellers by Sellers’ RepresentativeShareholders, in whole or in part, at any time and from time to time in at the sole discretion of Sellers’ RepresentativeShareholders. The failure by Sellers’ Representative Shareholders at any time to exercise any of the foregoing rights shall not be deemed a waiver of any such right and each such right shall be deemed an ongoing right which may be asserted at any time and from time to time.

Appears in 1 contract

Samples: Stock Purchase Agreement (Stanley Works)

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Purchaser Breach. Purchaser shall not have failed to perform in any material respect any material obligation or to comply in any material respect with any agreement or covenant of Purchaser to be performed or complied with by it under this Agreement. The foregoing conditions are for the sole benefit of Sellersthe Shareholder, may be waived on behalf of all Sellers by Sellers’ Representativethe Shareholder, in whole or in part, at any time and from time to time in the sole discretion of Sellers’ Representativethe Shareholder. The failure by Sellers’ Representative the Shareholder at any time to exercise any of the foregoing rights shall not be deemed a waiver of any such right and each such right shall be deemed an ongoing right which may be asserted at any time and from time to time.

Appears in 1 contract

Samples: Stock Purchase Agreement (American United Global Inc)

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