Termination Damages. (a) If all conditions precedent to the obligations of Grantee set forth in Article 9 have been met and the transactions contemplated by this Agreement are not consummated on or before the Closing Date because of the negligent or willful failure of Grantee to perform any of its obligations hereunder in any material respect, or the material breach of any representation or warranty herein by Grantee, then in such event, Grantor shall have the option to terminate this Agreement, in which case Grantor may pursue all available legal and equitable remedies.
Appears in 5 contracts
Samples: Contribution Agreement (New Source Energy Partners L.P.), Contribution Agreement, Contribution Agreement (New Source Energy Partners L.P.)
