Common use of Rescission Events Clause in Contracts

Rescission Events. (a) The Seller unilaterally may rescind this Agreement and the transactions described herein setting the Rescission Date: - At any time between March 31, 2013 and April 15, 2013 if Acquisition has not raised One Million Dollars ($1,000,000) for Voidicle technology by March 31, 2013, out of which ($40,000) will go to Voidicle legal fees; or - At any time between March 31, 2014 and April 15, 2014 if Acquisition has not raised an aggregate of Four Million Dollars ($4,000,000) for Voidicle technology by March 31, 2014; or - At any time between March 31, 2015 and April 15, 2015 if Acquisition has not raised an aggregate of Six Million Dollars ($6,000,000) for Voidicle technology by March 31, 2015.

Appears in 4 contracts

Samples: Licensing Agreement, Technology Purchase Agreement (Accelera Innovations, Inc.), Technology Purchase Agreement (Accelera Innovations, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.