rescind this Agreement Sample Clauses
The 'rescind this Agreement' clause allows one or both parties to formally cancel or undo the contract, effectively returning both parties to their positions prior to entering into the agreement. In practice, this clause may be triggered if certain conditions are not met, such as a breach of contract or the failure to obtain necessary approvals. Its core function is to provide a clear mechanism for unwinding the contractual relationship, thereby protecting parties from being bound by an agreement that is no longer viable or has been fundamentally compromised.
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rescind this Agreement. The Buyer may (unless the Buyer and the Sellers agree otherwise) defer Completion under clause 8.8 only once, but otherwise this clause 8 applies to a Completion deferred under that clause as it applies to a Completion that has not been deferred.
rescind this Agreement. If in any respect the provisions of sub-clause 4.1.4 are not complied with on the date for Completion set by Clause 4.1, the Vendors may:- 4.
rescind this Agreement. If this Agreement is rescinded pursuant to this clause 8.6, it shall become null and void (save for clauses 5.6, 6 (in relation to to whom the Deposit belongs) and 23 which shall remain in force) and no Party shall be entitled to make a claim against any other party in connection with this Agreement save for any claim which arises in respect of clauses 5.6, 6 (in relation to to whom the Deposit belongs) and 23.
rescind this Agreement. The Purchaser shall use best endeavours to procure the release of the Guarantees within 30 days of the Completion Date PROVIDED THAT the obligation of the Purchaser under this Clause 6.3 shall not oblige the Purchaser or any third party to incur a liability in excess of (Pounds)200,000.
rescind this Agreement. If in any respect the provisions of sub-clause 4.1.5 are not complied with on the date for Completion set by Clause 4.1, the Vendors may:- 4.3.1 defer Completion to a date not more than 28 days after the date set out above (and so that the provisions of this sub-clause shall apply to Completion as so deferred); or 4.
rescind this Agreement. 5. WARRANTIES
5.1 The Vendors hereby warrant and represent to the Purchaser in the terms of the Warranties.
5.2 In particular and without prejudice to the generality of sub-clause 5.1 the Vendors hereby warrant and represent to the Purchaser that the recitals to this Agreement and the Warranties are at the date hereof and will at Completion be true and accurate in all respects.
5.3 Any references in the Fifth Schedule, the Sixth Schedule or elsewhere in this Agreement to any statutory provision, regulation or accounting principles applying in England and Wales shall be deemed to include references to any equivalent provision, regulation or accounting principles in any Relevant Country and any references to any governmental or administrative authority or agency shall include references to any equivalent governmental or administrative authority or agency in any Relevant Country.
5.4 The Purchaser shall not be entitled to claim that any fact renders any of the Warranties untrue or misleading or caused them to be breached if it has been fairly and accurately disclosed in all material respects to the Purchaser in the Disclosure Letter.
5.5 The Vendors hereby covenant and undertake to the Purchaser that, if after the date hereof it shall be found that any matter the subject of a Warranty was not as warranted then, notwithstanding any further right of the Purchaser hereunder in respect of such breach of Warranty, if the effect thereof is that:- 5.
5.1 the value of any asset belonging to the Company is less than its value would have been had there been no breach of Warranty; or 5.
5.2 any asset represented as belonging to the Company does not so belong; or 5.
5.3 the Company has incurred or is under any liability or contingent liability which it would not have incurred or been under had there been no breach of Warranty; then the Vendors shall on demand account to the Purchaser pursuant to the provisions of the Eighth Schedule for an amount equal to the amount by which the value of the net assets of the Company are less than they would have been had there been no such breach of Warranty and any such settlement made by the Vendors shall be taken into account in assessing the damages of the Purchaser in connection with, arising out of or resulting from any such breach of Warranty.
5.6 No claim by the Purchaser under the provisions of this Clause 5 shall be prejudiced nor shall the amount of any such claim be reduced in consequence of any information relating to the C...
rescind this Agreement. In the event that the Affected Party elects to appeal against the rejection, the Affected Party shall submit or procure the submission of the appeal to the relevant Public Authorities within thirty (30) days from the date the Affected Party receives notice of the rejection or such other period as the Parties may mutually agree in writing.