Common use of Termination by Expiration Clause in Contracts

Termination by Expiration. If the transactions contemplated by this Agreement have not been consummated prior to August 31, 2000, any party hereto may elect to terminate this Agreement by giving written notice to the other party hereto; provided that this right to terminate shall not be available to any party hereto whose failure to perform an obligation under the Agreement has been the cause of, or has resulted in, the failure of the transactions contemplated herein to be consummated by August 31, 2000.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Lone Wolf Energy Inc)

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Termination by Expiration. If the transactions contemplated by this Agreement have not been consummated prior to August December 31, 2000. 1998, any party Party hereto may elect to terminate this Agreement by giving written notice to the other party Party hereto; provided that this right to terminate shall not be available to any party Party hereto whose failure to perform an obligation under the Agreement has been the cause of, or has resulted in, the failure of the transactions contemplated herein to be consummated by August December 31, 20001998.

Appears in 1 contract

Samples: Stock Purchase Agreement (Local Financial Corp /Nv)

Termination by Expiration. If the transactions contemplated by this Agreement have not been consummated prior to August December 31, 20001999, any party Party hereto may elect to terminate this Agreement by giving written notice to the other party Party hereto; provided that this right to terminate shall not be available to any party Party hereto whose failure to perform an obligation under the Agreement has been the cause of, or has resulted in, the failure of the transactions contemplated herein to be consummated by August December 31, 20001999.

Appears in 1 contract

Samples: Stock Purchase Agreement (Guthrie Savings Inc)

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Termination by Expiration. If the transactions contemplated by this Agreement have not been consummated prior to August July 31, 20001998, any party hereto may elect to terminate this Agreement by giving written notice to the other party hereto; provided that this right to terminate shall not be available to any party hereto whose failure to perform an obligation under the Agreement has been the cause of, or has resulted in, the failure of the transactions contemplated herein to be consummated by August July 31, 20001998.

Appears in 1 contract

Samples: Merger Agreement (Local Financial Corp /Nv)

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