Termination by Either Purchaser or the Company. This Agreement may be terminated and the Merger may be abandoned by action of the Board of Directors of either Purchaser or the Company if: (a) Purchaser, or any Purchaser Company, shall have terminated the Offer without purchasing any Shares pursuant thereto; provided, however, that in the case of termination of this Agreement by Purchaser, such termination of the Offer is not in violation of the terms of the Offer; or (b) without fault of the terminating party, the Merger shall not have been consummated by December 31, 1996, whether or not such date is before or after the approval by holders of Shares.
Appears in 3 contracts
Samples: Merger Agreement (Hallwood Group Inc), Merger Agreement (Hallwood Energy Corp), Merger Agreement (Hallwood Group Inc)
