Removal of Contingencies Sample Clauses

Removal of Contingencies. All contingencies expire and are considered waived within 30 days of mutual acceptance unless otherwise agreed in writing.
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Removal of Contingencies. The Parties shall have until sixty (60) days after the Effective Date (“Due Diligence Period”) to satisfy or waive each entities' respective Contingencies. The Parties may only satisfy or waive such Contingencies by issuing written notice thereof to the other pursuant to Section 15 herein. If all Contingencies are not removed within the Due Diligence Period, then Closing shall be delayed until the contingencies can be satisfied or waived, provided however, that if either legislative body fails to approve this Agreement within one hundred eight (180) days after the Effective Date then either party may terminate this Agreement, in which case neither party shall have any further rights or obligations under this Agreement.
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Removal of Contingencies. By the end of the time periods specified in Paragraph 5 of this Agreement, Buyer shall remove, in writing, the applicable contingencies or cancel this Agreement.
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Removal of Contingencies. King County shall have a period of 30 days from the date all parties have signed this Agreement to remove all contingencies. King County may remove such contingencies by sending written notice thereof to Seller pursuant to Paragraph 7 herein. If the contingencies are not removed within this period, this Agreement shall be null and void.
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Removal of Contingencies. The US Property Agreement is contingent upon, among other things, (i) the US Purchaser obtaining the external bank loan to finance part of the Acquisition Consideration as mentioned above; (ii) a written appraisal of the US Property by a licensed or certified appraiser at no less than the Acquisition Consideration; (iii) the US Purchaser’s acceptance of the condition of, and any other matter affecting the US Property; (iv) the US Purchaser’s ability to obtain an applicable title policy and on the US Purchaser’s review of a current title report and satisfying the US Purchaser regarding the current status title; and (v) the US Purchaser’s review of the relevant reports, disclosures and other relevant information required to be provided by the US Vendor. Within the specified timeframes under the US Property Agreement, being 17 days after the signing of the US Property Agreement, or 5 days after the receipt of the relevant documents (where applicable and whichever is later), the US Purchaser should either remove the applicable contingencies in accordance with the terms of the US Property Agreement or cancel the US Property Agreement. The US Purchaser has no obligation to remove a contractual contingency unless the US Vendor has provided all required documents, reports, disclosures and information pertaining to that contingency. The US Purchaser’s cancellation rights If by the time specified in the US Property Agreement, (i) the US Vendor does not deliver to the US Purchaser a notice either removing the applicable contingency or cancelling the US Property Agreement, or has not delivered any stipulated documents or performed any contractual obligations imposed on it under the US Property Agreement, or (ii) the US Purchaser does not remove all the contingencies, then the US Purchaser may, after first delivering to the US Vendor a notice to seller to perform in the prescribed form, cancel the US Property Agreement. In such event, the US Vendor shall authorize the return of the Initial US Deposit to the US Purchaser, except for fees and costs to be borne by the US Purchaser under the US Property Agreement.
Sample 1
Removal of Contingencies. Purchaser shall remove contingencies in writing, delivered to Seller or Seller's agent by 5:00 P.M. on appropriate date, or the purchase contract shall be considered null and void and the initial deposit shall be returned to the Purchaser.
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Removal of Contingencies. Within twenty (20) days of execution of this Agreement, Buyer must either terminate this Agreement or provide written notification to the Sellers that all contingencies to the purchase of shares contemplated herein have been removed, other than those specified in Article VI hereto and, further, that Buyer is satisfied with its due diligence investigation of SMTEK as of that date and is unaware of any fact or circumstance constituting a breach of any representation or warrant by Sellers which would prevent the closing. Failure of Buyer to provide the written notification of the removal of all contingencies required by this Section 2.01 shall result automatically, and without further action by the parties, in the termination of this Agreement.
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Related to Removal of Contingencies

  • Removal of Board Members Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that:

  • Removal of Directors Unless otherwise restricted by law, any Director or the entire Board of Directors may be removed or expelled, with or without cause, at any time by the Member, and, subject to Section 10, any vacancy caused by any such removal or expulsion may be filled by action of the Member.

  • Notice of Disqualification Events The Company will notify the Purchasers in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered Person, in each case of which it is aware.

  • Removal of Collateral Grantor shall keep the Collateral (or to the extent the Collateral consists of intangible property such as accounts, the records concerning the Collateral) at Grantor's address shown above, or at such other locations as are acceptable to Lender. Except in the ordinary course of its business, including the sales of inventory, Grantor shall not remove the Collateral from its existing locations without the prior written consent of Lender. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would require application for certificates of title for the vehicles outside the State of California, without the prior written consent of Lender.

  • Removal of a General Partner (a) Upon the occurrence of an Event of Bankruptcy as to, or the dissolution of, a General Partner, such General Partner shall be deemed to be removed automatically; provided, however, that if a General Partner is on the date of such occurrence a partnership, the withdrawal, death or dissolution of, Event of Bankruptcy as to, or removal of, a partner in, such partnership shall be deemed not to be a dissolution of the General Partner if the business of such General Partner is continued by the remaining partner or partners. The Limited Partners may not remove the General Partner, with or without cause.

  • Removal of Restrictions Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan shall be released from escrow as soon as practicable after the last day of the Period of Restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse, and remove any restrictions. After the restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Section 7.4 removed from his or her Share certificate, and the Shares shall be freely transferable by the Participant.

  • Removal of Alterations If Tenant fails to remove by the expiration or earlier termination of this Lease all of its personal property, or any Alterations identified by Landlord for removal, Landlord may, at its option, treat such failure as a hold-over pursuant to Subparagraph 11(b) above, and/or Landlord may (without liability to Tenant for loss thereof) treat such personal property and/or Alterations as abandoned and, at Tenant's sole cost and expense, and in addition to Landlord's other rights and remedies under this Lease, at law or in equity: (a) remove and store such items; and/or (b) upon ten (10) days prior notice to Tenant, sell, discard or otherwise dispose of all or any such items at private or public sale for such price as Landlord may obtain or by other commercially reasonable means. Tenant shall be liable for all costs of disposition of Tenant's abandoned property and Landlord shall have no liability to Tenant with respect to any such abandoned property. Landlord agrees to apply the proceeds of any sale of any such property to any amounts due to Landlord under this Lease from Tenant (including Landlord's attorneys' fees and other costs incurred in the removal, storage and/or sale of such items), with any remainder to be paid to Tenant.

  • Election and Removal of Directors Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

  • Removal of Managers At any special meeting of the Members, duly called as provided in this LLC Agreement, any manager or managers may, by the affirmative vote of the holders of a majority of all the Percentage Ownership entitled to vote for the election of managers, be removed from office, either with or without cause. At such meeting a successor or successors may be elected by a majority of the votes cast.

  • Removal of Accounts (a) Subject to the conditions set forth below, the Transferor may, but shall not be obligated to, designate Receivables from Accounts for deletion and removal ("Removed Accounts") from the Trust. On or before the fifth Business Day (the "Removal Notice Date") prior to the date on which the designated Removed Accounts will be reassigned by the Trustee to the Transferor (the "Removal Date"), the Transferor shall give the Trustee and the Servicer written notice that the Receivables from such Removed Accounts are to be reassigned to the Transferor.

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