Common use of Termination; Extension of Closing Date Clause in Contracts

Termination; Extension of Closing Date. This Agreement may be terminated: A. By the non-defaulting party, if the other party hereto shall fail to perform or comply in a timely manner with its obligations under this Agreement, and such failure remains uncured on the tenth business day following receipt of written notice of termination from the non-defaulting party. B. By mutual written consent of the parties hereto. C. By Seller or Purchaser, if the Closing has not occurred as of August 31, 2010, unless the parties agree in writing to further extend the Closing; provided a defaulting party may not exercise a right of termination or extension under this paragraph if its material breach remains uncured.

Termination; Extension of Closing Date. This Agreement may be terminated: A. By the non-defaulting party, if the other party hereto shall fail to perform or comply in a timely manner with its obligations under this Agreement, and such failure remains uncured on the tenth business day following receipt of written notice of termination from the non-defaulting party. B. By mutual written consent of the parties hereto. C. By Seller or Purchaser, if the Closing has not occurred as of August 31November 30, 20102009, unless the parties agree in writing to further extend the Closing; provided a defaulting party may not exercise a right of termination or extension under this paragraph if its material breach remains uncured.

Termination; Extension of Closing Date. This Agreement may be terminated: A. By the non-defaulting party, if the other party hereto shall fail to perform or comply in a timely manner with its obligations under this Agreement, and such failure remains uncured on the tenth business day following receipt of written notice of termination from the non-defaulting party. B. By mutual written consent of the parties hereto. C. By Seller or Purchaser, if the Closing has not occurred as of August 31September 30, 20102012, unless the parties agree in writing to further extend the Closing; provided a defaulting party may not exercise a right of termination or extension under this paragraph if its material breach remains uncured.