Common use of Term And Time For Closing Clause in Contracts

Term And Time For Closing. Following execution of this ------------------------- Agreement, the Purchaser and Sellers shall be obligated to conclude the transaction strictly in accordance with its terms on the last business day of the month that the conditions of Closing set forth in Article VI and Article VII have been satisfied or waived. If the failure to conclude this transaction is due to the refusal and failure of Sellers to perform their obligations to close under this Agreement, Purchaser may seek to enforce this Agreement with an action of specific performance, in addition to, and not in limitation of, any other rights and remedies available to the Purchaser, under this Agreement, or at law or in equity, including, without limitation, an action to recover their actual damages resulting from the default of the Sellers. If the failure to conclude this transaction is due to the refusal and failure of Purchaser to perform its obligations to close under this Agreement, the Sellers, or any of them, may, in addition to and not in limitation of any other rights and remedies available to the Sellers, or any of them, under this Agreement, or at law or in equity, bring legal action to recover their actual damages resulting from the default of the Purchaser. This Agreement and the transactions contemplated hereby may be terminated at any time prior to the Closing Date:

Appears in 2 contracts

Samples: Agreement and Plan (Eastern Environmental Services Inc), Agreement and Plan (Eastern Environmental Services Inc)

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Term And Time For Closing. Following execution of this ------------------------- Agreement, the EESI, Purchaser and Sellers shall be obligated to conclude the transaction strictly in accordance with its terms on the last business day of the month that within fifteen (15) days after the conditions of Closing set forth in Article VI VII and Article VII VIII have been satisfied or waived, time being of the essence. If the failure to conclude this transaction is due to the refusal and failure of Sellers to perform their obligations to close under this Agreement, Purchaser or EESI may seek to enforce this Agreement with an action of specific performance, in addition to, and not in limitation of, any other rights and remedies available to the PurchaserPurchaser or EESI, under this Agreement, or at law or in equity, including, without limitation, limitation an action to recover their actual damages resulting from the default of the Sellers. If the failure to conclude this transaction is due to the refusal and failure of Purchaser or EESI to perform its their obligations to close under this Agreement, the Sellers, or any of them, may, in addition to and not in limitation of any other rights and remedies available to the Sellers, or any of them, under this Agreement, or at law or in equity, bring legal action to recover their actual damages resulting from the default of the PurchaserPurchaser or EESI. This Agreement and the transactions contemplated hereby may be terminated at any time prior to the Closing Date:

Appears in 1 contract

Samples: Reorganization Plan and Agreement (Eastern Environmental Services Inc)

Term And Time For Closing. Following execution of this ------------------------- Agreement, the Purchaser Purchasers and Sellers shall be obligated to conclude the transaction strictly in accordance with its terms on the last business day of the month that the conditions of Closing set forth in Article VI and Article VII have been satisfied or waived. If the failure to conclude this transaction is due to the refusal and failure of Sellers to perform their obligations to close under this Agreement, Purchaser Purchasers may seek to enforce this Agreement with an action of specific performance, in addition to, and not in limitation of, any other rights and remedies available to the PurchaserPurchasers, under this Agreement, or at law or in equity, including, without limitation, an action to recover their actual damages resulting from the default of the Sellers. If the failure to conclude this transaction is due to the refusal and failure of Purchaser Purchasers to perform its their obligations to close under this Agreement, the Sellers, or any of them, may, in addition to and not in limitation of any other rights and remedies available to the Sellers, or any of them, under this Agreement, or at law or in equity, bring legal action to recover their actual damages resulting from the default of the PurchaserPurchasers. This Agreement and the transactions contemplated hereby may be terminated at any time prior to the Closing Date:

Appears in 1 contract

Samples: Reorganization Agreement (Eastern Environmental Services Inc)

Term And Time For Closing. Following execution of this ------------------------- Agreement, the Purchaser Purchasers and Sellers shall be obligated to conclude the transaction strictly in accordance with its terms on the last business day of the month that the conditions of Closing set forth in Article VI and Article VII have been satisfied or waived. If the failure to conclude this transaction is due to the refusal and failure of Sellers to perform their obligations to close under this Agreement, Purchaser Purchasers may seek to enforce this Agreement with an action of specific performance, in addition to, and not in limitation of, any other rights rigths and remedies available to the PurchaserPurchasers, under this Agreement, or at law or in equity, including, without limitation, an action to recover their actual damages resulting from the default of the Sellers. If the failure to conclude this transaction is due to the refusal and failure of Purchaser Purchasers to perform its their obligations to close under this Agreement, the Sellers, or any either of them, may, in addition to and not in limitation of any other rights and remedies available to the Sellers, or any either of them, under this Agreement, or at law or in equity, bring legal action to recover their actual damages resulting from the default of the PurchaserPurchasers. This Agreement and the transactions contemplated hereby may be terminated at any time prior to the Closing Date:

Appears in 1 contract

Samples: Agreement and Plan (Eastern Environmental Services Inc)

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Term And Time For Closing. Following execution of this ------------------------- Agreement, the Purchaser and Sellers shall be obligated to conclude the transaction strictly in accordance with its terms on the last business day of the month that within ten (10) days after the conditions of Closing set forth in Article VI VII and Article VII VIII have been satisfied or waived, time being of the essence. If the failure to conclude this transaction is due to the refusal and failure of Sellers to perform their obligations to close under this Agreement, Purchaser may seek to enforce this Agreement with an action of specific performance, in addition to, and not in limitation of, any other rights and remedies available to the Purchaser, Purchaser under this Agreement, or at law or in equity, including, without limitation, limitation an action to recover their its actual damages resulting from the default of the Sellers. If the failure to conclude this transaction is due to the refusal and failure of Purchaser to perform its obligations to close under this Agreement, the Sellers, or any of them, may, in addition to and not in limitation of any other rights and remedies available to the Sellers, or any of them, under this Agreement, or at law or in equity, bring legal action to recover their actual damages resulting from the default of the Purchaser. This Agreement and the transactions contemplated hereby may be terminated at any time prior to the Closing Date:

Appears in 1 contract

Samples: Reorganization Plan and Agreement (Eastern Environmental Services Inc)

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