Common use of Seller’s Termination Right Clause in Contracts

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection (b)(i) above upon the occurrence of any of the following events: (I) Buyer provides written notice to Seller rejecting the exercise of the Option, (II) the Option expires without being exercised, (III) Buyer fails to seek Option Approval within thirty days of the Exercise Date, or (IV) Buyer fails to obtain Option Approval within one hundred eighty days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller.

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection (b)(i) above upon the occurrence of any of the following events: (I) Buyer provides written notice to Seller rejecting the exercise of the Option, (II) the Option expires without being exercised, (III) Buyer fails to seek Option Approval within thirty 30 days of the Exercise Date, or (IV) Buyer fails to obtain Option Approval within one hundred eighty 180 days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty 30 days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller.”

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection (b)(i) above upon the occurrence of any of the following events: (I) Buyer provides written notice to Seller rejecting the exercise of the Option, (II) the Option expires without being exercised, (III) Buyer fails to seek Option Approval within thirty 30 days of the Exercise Date, or (IV) Buyer fails to obtain Option Approval within one hundred eighty 180 days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty 30 days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller.

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection (b)(i) above upon the occurrence of any of the following events: (I) Buyer provides written notice to Seller rejecting the exercise of the Option, (II) the Option expires without being exercised, (III) Buyer fails to seek Option Approval within thirty 30 days of the Exercise Date, or (IV) Buyer fails to obtain Option Approval within one hundred eighty 180 days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty 30 days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller."

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection subSection (b)(ia) above upon the occurrence of any of the following events: (IA) Buyer provides written notice to Seller rejecting the exercise of the Option, (IIB) the Option expires without being exercised, (IIIC) Buyer fails to seek Option Approval within thirty (30) days of the Exercise Date, or (IVD) Buyer fails to obtain Option Approval within one hundred eighty 180 days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty (30) days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller.

Seller’s Termination Right. Seller may terminate the Transaction in accordance with subsection (b)(i) above upon the occurrence of any of the following events: (I) Buyer provides written notice to Seller rejecting the exercise of the Option, (II) the Option expires without being exercised, (III) Buyer fails to seek Option Approval within thirty (30) days of the Exercise Date, or (IV) Buyer fails to obtain Option Approval within one hundred eighty (180) days of Buyer’s receipt of the Revocation Notice. If Seller then terminates the Transaction, such termination shall be effective thirty (30) days from the date on which Seller notifies Buyer of such termination. Both Parties shall continue to perform under this Transaction until the effectiveness of any such termination by Seller.