Common use of Termination for Failure of Conditions Clause in Contracts

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) shall not have been satisfied (or waived by Seller in accordance with the requirements of Section 19.8) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.

Termination for Failure of Conditions. (a) Subject to Section 2.5(d), each Party shall have the right to terminate this Agreement without liability to either Party arising out of such termination upon notice to the other if any of the conditions set forth in Section 2.3(a) or Section 2.3(b) shall not have been satisfied (or waived by Seller in accordance with the requirements of Section 19.8applicable Party) as of the date specified therein. Such termination right shall remain available until such condition is satisfied or waived.