Common use of Right of Parties to Terminate Clause in Contracts

Right of Parties to Terminate. This Agreement may be terminated and the transactions contemplated hereby may be abandoned, at any time prior to the Closing: (a) by mutual written consent of the Parties; or (b) by a Party by written notice to the other Party, if the Closing has not occurred on or prior to the close of business, Eastern Time, January 31, 2019 (the “Initial End Date”) without any mutual agreement to extend the Initial End Date on one or more occasion through and including February 15, 2019 (the “End Date”), in that case no Party may terminate this Agreement according to this Section 7.1(b) prior to such extended date. The right of a Party to terminate this Agreement pursuant to this Section 7.1 shall not be available to the Party whose failure to fulfil or cause to be fulfilled, in any manner, any obligation under this Agreement has contributed to the failure of the Closing to have occurred by the Initial End Date (or, if the Parties extend the Initial End Date pursuant to this Section 7.1(b), by such Initial End Date or End Date), whether such failure was caused by such Party’s intentional failure, by its omission or failure to act or otherwise through any fault of such Party.

Appears in 2 contracts

Samples: Share Purchase Agreement (HK Xu Ding Co., LTD), Share Purchase Agreement (Deng Long)

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Right of Parties to Terminate. This Agreement may be terminated and the transactions contemplated hereby may be abandoned, at any time prior to the Closing: (a) by mutual written consent of the Parties; or (b) by a Party either the Purchasers or any of the Sellers by written notice to the other PartyParties, if the Closing has not occurred on or prior to the close of business, Eastern Time, January 31November 21, 2019 2017 (the “Initial End Date”) without any mutual agreement to extend the Initial End Date on one or more occasion through and including February 15November 21, 2019 2017 (the “End Date”), in that case no Party may terminate this Agreement according to this Section 7.1(b8.1(b) prior to such extended date. The right of a Party to terminate this Agreement pursuant to this Section 7.1 8.1 shall not be available to the Party whose failure to fulfil or cause to be fulfilled, in any manner, any obligation under this Agreement has contributed to the failure of the Closing to have occurred by the Initial End Date (or, if the Parties extend the Initial End Date pursuant to this Section 7.1(b8.1(b), by such Initial End Date or End Date), whether such failure was caused by such Party’s intentional failure, by its omission or failure to act or otherwise through any fault of such Party.

Appears in 1 contract

Samples: Share Purchase Agreement (Delta Technology Holdings LTD)

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Right of Parties to Terminate. This Agreement may be terminated and the transactions contemplated hereby may be abandoned, at any time prior to the Closing: (a) by mutual written consent of the Parties; or (b) by a Party by written notice to the other Party, if the Closing has not occurred on or prior to the close of business, Eastern Time, January May 31, 2019 2018 (the “Initial End Date”) without any mutual agreement to extend the Initial End Date on one or more occasion through and including February 15June 30, 2019 2018 (the “End Date”), in that case no Party may terminate this Agreement according to this Section 7.1(b) prior to such extended date. The right of a Party to terminate this Agreement pursuant to this Section 7.1 shall not be available to the Party whose failure to fulfil or cause to be fulfilled, in any manner, any obligation under this Agreement has contributed to the failure of the Closing to have occurred by the Initial End Date (orDate(or, if the Parties extend the Initial End Date pursuant to this Section 7.1(b), by such Initial End Date or End Date), whether Date),whether such failure was caused by such Party’s intentional failure, by its omission or failure to act or otherwise through any fault of such Party.

Appears in 1 contract

Samples: Share Purchase Agreement (Han Xianfu)

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