Common use of Termination for Failure to Close Clause in Contracts

Termination for Failure to Close. Either Buyer or Seller, by notice in the manner hereinafter provided, may terminate this Agreement if the Closing has not occurred on or before May 31, 2000; provided that no party in default hereunder shall have the right to terminate this Agreement pursuant to this Section 12.3.

Appears in 3 contracts

Samples: Purchase Agreement (Waste Industries Inc), Purchase Agreement (Waste Industries Inc), Purchase Agreement (Waste Industries Inc)

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Termination for Failure to Close. Either Buyer or Seller, by notice in the manner hereinafter providedprovided in Section 17.6, may terminate this Agreement if the Closing has not occurred on or before May 31June 30, 20002008; provided provided, however, that no party in default hereunder under this Agreement shall have the right to terminate this Agreement pursuant to this Section 12.314.3.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (Market & Research Corp.)

Termination for Failure to Close. Either Buyer This Agreement may be terminated by the Purchaser, the Company or Seller, by notice in the manner hereinafter provided, may terminate this Agreement Stockholders if the Closing has shall not have occurred on or before May 31by April 25, 2000; 1998, provided that no party in default hereunder shall have that, the right to terminate this Agreement pursuant to this Section 12.3section shall not be available to any party whose failure to fulfill any of its obligations hereunder has been the cause of or resulted in the failure to consummate the transactions contemplated hereby by the foregoing date.

Appears in 1 contract

Samples: Stock Purchase Agreement (I Storm Inc)

Termination for Failure to Close. Either Buyer This Agreement may be terminated by the Purchaser, the Company or Seller, by notice in the manner hereinafter provided, may terminate this Agreement Stockholder if the Closing has shall not have occurred on or before May 31by April __, 2000; 2011, provided that no party in default hereunder shall have that, the right to terminate this Agreement pursuant to this Section 12.3section shall not be available to any party whose failure to fulfill any of its obligations hereunder has been the cause of or resulted in the failure to consummate the transactions contemplated hereby by the foregoing date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ariel Way Inc)

Termination for Failure to Close. Either Buyer This Agreement may be terminated by the Purchaser, the Company or Seller, by notice in the manner hereinafter provided, may terminate this Agreement Stockholder if the Closing has shall not have occurred on or before May 31by November 30, 2000; 2012, provided that no party in default hereunder shall have that, the right to terminate this Agreement pursuant to this Section 12.3section shall not be available to any party whose failure to fulfill any of its obligations hereunder has been the cause of or resulted in the failure to consummate the transactions contemplated hereby by the foregoing date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Elsinore Services Inc)

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Termination for Failure to Close. Either Buyer or SellerSellers, by notice in the manner hereinafter providedprovided in Section 23(g), may terminate this Agreement if the Closing has not occurred on or before May 31February 27, 20002004; provided provided, however, that no party Party in default hereunder under this Agreement shall have the right to terminate this Agreement pursuant to this Section 12.320.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (T-3 Energy Services Inc)

Termination for Failure to Close. Either Buyer This Agreement may be terminated by the Purchaser or Seller, by notice in the manner hereinafter provided, may terminate this Agreement Seller if the Closing has shall not have occurred on or before May 31by February 15, 2000; 1996, provided that no party in default hereunder shall have that, the right to terminate this Agreement pursuant to this Section 12.3section shall not be available to any party whose failure to fulfill any of its obligations hereunder has been the cause of or resulted in the failure to consummate the transactions contemplated hereby by the foregoing date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Medcross Inc)

Termination for Failure to Close. Either Subject to the terms and conditions contained in this Agreement, either Buyer or Sellerthe Companies or the Shareholders, by notice in the manner hereinafter providedprovided in Section 15.6, may terminate this Agreement if the Closing has not occurred on or before May 31November 30, 20002007; provided provided, however, that no party in default hereunder under this Agreement or who is not able to fulfill any condition to closing of the other party shall have the right to terminate this Agreement pursuant to this Section 12.3.

Appears in 1 contract

Samples: Acquisition Agreement (ProLink Holdings Corp.)

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