Termination by the Investors. The Agreement shall continue in full force and effect until terminated, at the option of any of the Investors (“Terminating Investor”), prior to the Closing Date, in the event of any of the following: 7.1.1. failure by the Company and/or the Founders to ensure that the Closing occurs within the period set forth in Clause 3.4 above; or 7.1.2. material breach or default by the Company and/or the Founders in the performance of any of its/ their obligations under the Agreement; or 7.1.3. any termination of this Agreement by another Investor; or 7.1.4. occurrence of a Material Adverse Effect prior to the Closing Date.
Appears in 2 contracts
Samples: Subscription Agreement, Subscription Agreement
Termination by the Investors. The Agreement shall continue in full force and effect until terminated, at the option of any of the Investors (“Terminating Investor”), prior to the Closing Date, in the event of any of the following:
7.1.1. failure by the Company and/or the Founders to ensure that the Closing occurs within the period set forth in Clause 3.4 above; or
7.1.2. material breach or default by the Company and/or the Founders in the performance of any of its/ their obligations under the Agreement; or
7.1.3. any termination of this Agreement by with respect to another Investor; or
7.1.4. occurrence of a Material Adverse Effect prior to the Closing Date.
Appears in 2 contracts
Samples: Subscription Agreement, Subscription Agreement
Termination by the Investors. The Agreement shall continue in full force and effect until terminated, at the option of any of the Investors Investors, in respect of such terminating Investor only (“Terminating Investor”), prior to the Closing Date, in the event of any of the following:
7.1.1. failure by the Company and/or the Founders to ensure that the Closing occurs within the period set forth in Clause 3.4 3.3 above; or
7.1.2. material breach or default by the Company and/or the Founders in the performance of any of its/ their obligations under the Agreement; or
7.1.3. any termination of this Agreement with respect to or by another Investor; or
7.1.4. occurrence of a Material Adverse Effect prior to the Closing Date.
Appears in 1 contract
Samples: Subscription Agreement
Termination by the Investors. The Agreement shall continue in full force and effect until terminated, at the option of any of the Investors Investors, in respect of such terminating Investor only (“Terminating Investor”), prior to the Closing Date, in the event of any of the following:
7.1.1. failure by the Company and/or the Founders to ensure that the Closing occurs within the period set forth in Clause 3.4 3.3 above; or
7.1.2. material breach or default by the Company and/or the Founders in the performance of any of its/ their obligations under the Agreement; or;
7.1.3. any termination of this Agreement with respect to or by another InvestorInvestor in accordance with Clause 7.1 herein; or
7.1.4. occurrence of a Material Adverse Effect prior to the Closing Date.
Appears in 1 contract
Samples: Subscription Agreement