Common use of Termination of Obligations to Effect Closing; Effects Clause in Contracts

Termination of Obligations to Effect Closing; Effects. 8.1 The obligations of the Company, on the one hand, and the Purchaser, on the other hand, to effect the Closing shall terminate as follows: (a) upon the mutual written consent of the Company and Purchaser; (b) by the Company if any of the conditions set forth in Section 6 shall have become incapable of fulfillment, and shall not have been waived by the Company; or (c) by the Purchaser if any of the conditions set forth in Section 7 shall have become incapable of fulfillment, and shall not have been waived by the Purchaser. 8.2 Nothing in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (T2 Biosystems, Inc.)

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Termination of Obligations to Effect Closing; Effects. 8.1 6.1 The obligations of the Company, on the one hand, and the PurchaserPurchasers, on the other hand, to effect the Closing shall terminate as follows: (a) upon the mutual written consent of the Company and PurchaserPurchasers that agreed to purchase a majority of the Securities to be issued and sold pursuant to this Agreement; (b) by the Company if any of the conditions set forth in Section 6 5.1 shall have become incapable of fulfillment, and shall not have been waived by the Company; or (c) by the a Purchaser (with respect to itself only) if any of the conditions set forth in Section 7 5.2 shall have become incapable of fulfillment, and shall not have been waived by the Purchaser.; 8.2 6.2 Nothing in this Section 8 Article 6 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction DocumentsAgreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (ARCA Biopharma, Inc.), Securities Purchase Agreement (ARCA Biopharma, Inc.)

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Termination of Obligations to Effect Closing; Effects. 8.1 The obligations of the Company, on the one hand, and the Purchaser, on the other hand, to effect the Closing shall terminate as follows: (a) upon the mutual written consent of the Company and the Purchaser; (b) by the Company if any of the conditions set forth in Section 6 shall have become incapable of fulfillment, and shall not have been waived by the Company; or (c) by the Purchaser if any of the conditions set forth in Section 7 shall have become incapable of fulfillment, and shall not have been waived by the Purchaser. 8.2 Nothing in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents.

Appears in 1 contract

Samples: Stock Purchase Agreement (Clearsign Combustion Corp)

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