Common use of Termination by Seller Clause in Contracts

Termination by Seller. Seller may, without liability to Seller, terminate this Agreement by notice to Buyer (i) at any time prior to the Closing if material default shall be made by Buyer in the observance or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, (ii) on the Closing Date if any of the conditions in Section 7.1 or Section 7.3 are not previously satisfied, or (iii) on the Drop Dead Date, if the Closing has not yet been consummated.

Appears in 4 contracts

Samples: Asset Purchase Agreement (iCoreConnect Inc.), Asset Purchase Agreement (iCoreConnect Inc.), Asset Purchase Agreement (iCoreConnect Inc.)

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Termination by Seller. Seller may, without liability to SellerPurchaser, terminate this Agreement by notice to Buyer Purchaser (i) at any time prior to the Closing if material default shall be made by Buyer Purchaser in the observance or in the due and timely performance of any of the terms hereof to be performed by Buyer Purchaser that cannot be cured at or prior to the Closing, or (ii) on at the Closing Date if any of the conditions in Section 7.1 or Section 7.3 are not previously satisfied, or (iii) on precedent to the Drop Dead Date, if performance of Seller's obligations at the Closing has shall not yet have been consummatedfulfilled.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Drug Co), Asset Purchase Agreement (Gp Strategies Corp)

Termination by Seller. Seller may, without liability to Seller, may terminate this Agreement by giving written notice to Buyer (i) at any time prior to the Closing if a condition to the performance by Seller as more particularly enumerated in Article VI hereunder shall not be fulfilled on or before the date specified for the fulfillment thereof or if a material default under or a material breach of this Agreement shall occur or be made by Buyer in and shall remain uncured at the observance or in the due and timely performance of any time of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, (ii) on the Closing Date if any of the conditions in Section 7.1 or Section 7.3 are not previously satisfied, or (iii) on the Drop Dead Date, if the Closing has not yet been consummatednotice.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Unilife Corp)

Termination by Seller. This Agreement may be terminated by Seller may, without liability to Seller, terminate this Agreement by notice to Buyer (i) at any time prior to the Closing if material default shall be made by Buyer in the observance event that any one or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, (ii) on the Closing Date if any more of the conditions set forth in Section 7.1 or Section 7.3 7.2 (Conditions to Obligations of Seller) are not previously satisfied, satisfied on or (iii) on before the Drop Dead Closing Date, unless Seller waives any such condition upon such terms, if the Closing has not yet been consummatedany, that Seller deems appropriate.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Monterey Pasta Co)

Termination by Seller. Seller may, without liability to SellerBuyer, terminate this Agreement by notice to Buyer (i) at any time prior to the Closing if material default shall be made by Buyer in the observance or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, ; or (ii) on at the Closing Date if any of the conditions in Section 7.1 or Section 7.3 are not previously satisfied, or (iii) on precedent to the Drop Dead Date, if performance of Seller's obligations at the Closing has shall not yet have been consummatedfulfilled.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dover Saddlery Inc)

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Termination by Seller. Seller may, . without liability to Seller, terminate this Agreement by notice to Buyer (i) at any time prior to the Closing if material default shall be made by Buyer in the observance or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, Closing (ii) on the Closing Date if any of the conditions in Section 7.1 or Section 7.3 are not previously satisfied, or (iii) on the Drop Dead Date, if the Closing has not yet been consummated.

Appears in 1 contract

Samples: Asset Purchase Agreement (iCoreConnect Inc.)

Termination by Seller. This Agreement may be terminated by Seller may, without liability to Seller, terminate this Agreement by written notice to Buyer (i) at any time prior to the Closing if material default shall be made by Buyer in the observance event that any one or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, (ii) on the Closing Date if any more of the conditions set forth in Section 7.1 or Section 7.3 7.2 ("Conditions to Obligations of Seller") are not previously satisfied, satisfied on or (iii) on before the Drop Dead Closing Date, unless Seller waives any such condition upon such terms, if the Closing has not yet been consummatedany, that Seller deems appropriate.

Appears in 1 contract

Samples: Agreement for Purchase (SiVault Systems, Inc.)

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