Common use of Termination for Delay Clause in Contracts

Termination for Delay. Unless earlier terminated in accordance with Section 10.1 or 10.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers if the Closing does not occur by June 30, 1999, provided, however, that the right to terminate this Agreement under this Section 10.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lecroy Corp), Stock Purchase Agreement (Lecroy Corp)

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Termination for Delay. Unless earlier terminated in accordance with Section 10.1 or 10.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers if the Initial Closing does not occur by June 30December 15, 19991998, provided, however, that the right to terminate this Agreement under this Section 10.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Initial Closing to occur on or before such date.

Appears in 1 contract

Samples: Stock Purchase Agreement (CVC Inc)

Termination for Delay. Unless earlier terminated in accordance --------------------- with Section 10.1 6.1 or 10.26.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers if the Closing does not occur by June 30August 18, 1999, ; provided, however, that the right to -------- ------- terminate this Agreement under this Section 10.3 6.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Information Management Associates Inc)

Termination for Delay. Unless earlier terminated in accordance with --------------------- Section 10.1 or 10.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers Investors if the Closing does not occur by June 30October 31, 19991997, provided, however, that the right to -------- ------- terminate this Agreement under this Section 10.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Opnet Technologies Inc)

Termination for Delay. Unless earlier terminated in accordance with Section 10.1 6.1 or 10.26.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers if the Closing does not occur by June 30January 15, 1999, ; provided, however, that the right to terminate this Agreement under this Section 10.3 6.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Egroups Inc)

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Termination for Delay. Unless earlier terminated in accordance with Section 10.1 12.1 or 10.212.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers Purchaser if the Closing does not occur by June 30December 6, 1999, provided1996, however, that the right to terminate this Agreement under this Section 10.3 12.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Powercerv Corp)

Termination for Delay. Unless earlier terminated in accordance --------------------- with Section 10.1 or Section 10.2, this Agreement may be terminated and the transactions contemplated hereby may be abandoned by the Company or the Purchasers Purchaser if the Closing does not occur by June 30August 18, 1999, provided, however, that the right to -------- ------- terminate this Agreement under this Section 10.3 shall not be available to any party whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Asymetrix Learning Systems Inc)

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