Termination for Failure to Close. If the Closing does not occur on or before the date provided in Section 3.01, any party, if that party is not then in default in the observance or in the due or timely performance of any covenants and conditions under this Agreement, may at any time terminate this Agreement by giving written notice to the other parties; provided, that the parties may extend the Closing date in writing.
Appears in 11 contracts
Samples: Stock Exchange Agreement (INTEGRATED FREIGHT Corp), Stock Exchange Agreement (INTEGRATED FREIGHT Corp), Stock Exchange Agreement (INTEGRATED FREIGHT Corp)
Termination for Failure to Close. If the Closing does not occur on by September 30, 1998, either Buyer or before the date provided in Section 3.01, any partySellers, if that the party is not then in default in the observance or in the due or timely performance of any covenants and conditions under this Agreement, may at any time terminate this Agreement by giving written notice to the other parties; provided, that the parties may extend the Closing date in writingother. Section 9.03.
Appears in 1 contract
Samples: Agreement for Purchase and Sale of Stock and Agreement (Chronicle Communications Inc)
