Common use of Termination for Delay in Closing Clause in Contracts

Termination for Delay in Closing. This Agreement may be terminated at any time by either Party, if the Closing has not occurred within [***] after the Effective Date. In case either Party seeks to terminate this Agreement pursuant to this Section 14.2.2, such Party shall provide [***] written notice to the other Party, such notice not to be dated prior to the [***] after the Effective Date.

Appears in 2 contracts

Samples: Asset Purchase and License Agreement, Asset Purchase and License Agreement (Mabvax Therapeutics Holdings, Inc.)

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Termination for Delay in Closing. This Agreement may be terminated at any time by either Party, if the Closing has not occurred within [***] days after the Effective Date. In case either Party seeks to terminate this Agreement pursuant to this Section 14.2.2, such Party shall provide [***] days written notice to the other Party, such notice not to be dated prior to the [***] day after the Effective Date.

Appears in 2 contracts

Samples: Asset Purchase and License Agreement (Mabvax Therapeutics Holdings, Inc.), Asset Purchase and License Agreement (Mabvax Therapeutics Holdings, Inc.)

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