Common use of Termination by the Shareholders Clause in Contracts

Termination by the Shareholders. The Shareholders may terminate this Agreement by giving written notice to the Buyer at any time prior to the Closing Date in the event of a material change in the financial position of the Buyer, or if the Buyer has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, if the Shareholders have notified the Buyer of the breach and the breach has continued without cure until ten (10) calendar days after the notice of such breach;

Appears in 3 contracts

Samples: Stock Purchase and Sale Agreement (Omni Energy Services Corp), Stock Purchase and Sale Agreement (Omni Energy Services Corp), Stock Purchase and Sale Agreement (Omni Energy Services Corp)

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Termination by the Shareholders. The Shareholders may terminate this Agreement by giving written notice to the Buyer at any time prior to the Closing Date in the event of a material change in the financial position of the Buyer, or if the Buyer has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, if the Shareholders have notified the Buyer of the breach and the breach has continued without cure until ten (10) calendar days after the notice of such breach;

Appears in 2 contracts

Samples: Non Employee Shareholders Stock Purchase and Sale Agreement (Omni Energy Services Corp), Employee Shareholders Stock Purchase and Sale Agreement (Omni Energy Services Corp)

Termination by the Shareholders. The Shareholders may terminate this Agreement by giving written notice to the Buyer at any time prior to the Closing Date in if a condition to the event performance of the Shareholders hereunder shall not be fulfilled on or before the date specified for the fulfillment thereof or if a material change in the financial position default under or a material breach of this Agreement shall be made by the Buyer, or if the Buyer has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, if the Shareholders have notified the Buyer of the breach and the breach has continued without cure until ten (10) calendar days after the notice of such breach;.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Aero Services International Inc), Stock Purchase Agreement (Aero Services International Inc)

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Termination by the Shareholders. The Shareholders may may, without liability to the Buyer, terminate this Agreement by giving written notice to the Buyer at any time prior to the Closing Date if default shall be made by the Buyer in the event of a material change observance or in the financial position due and timely performance of any of the Buyer, terms hereof to be performed by Buyer that cannot be cured at or if prior to the Buyer has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, if the Shareholders have notified the Buyer of the breach and the breach has continued without cure until ten (10) calendar days after the notice of such breach;Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (A1 Internet Com Inc)

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