Termination of Purchase Agreement. Any termination of Seller’s obligation to sell Receivables to the Borrower under the Purchase Agreement and, upon any such termination, the Outstanding Balance of all Receivables originated by Seller as of the last day of the month then most recently ended.
Termination of Purchase Agreement. This Agreement shall terminate automatically, without any action by either party, upon any termination of the Purchase Agreement.
Termination of Purchase Agreement. The Borrower will not terminate the Purchase Agreement without the prior written consent of each of the Lenders, except with respect to the occurrence of a termination arising pursuant to Section 6.2 of the Purchase Agreement.
Termination of Purchase Agreement. Prior to the payment in full of the purchase price and completion of the work commitments, the Purchaser may terminate the Purchase Agreement by notice to the Vendor. If the Purchase Agreement is terminated by the Purchaser or the Vendor, prior to the payment of Purchase Price in full and the completion of the work commitments the obligations of the Purchaser stop at the balance of the Purchase Price then outstanding and complete the work commitments shall end and the purchaser shall:
Termination of Purchase Agreement. (a) This Purchase Agreement may be terminated and the purchase and sale of the Shares abandoned at any time prior to the Closing:
(i) by mutual consent of Premier and the Seller in writing;
(ii) by either Premier or the Seller if the Closing shall not have occurred prior to February 27, 1998 (other than due to the failure of the party seeking to terminate this Purchase Agreement to perform its obligations under this Purchase Agreement required to be performed at or prior to such date);
(iii) by Premier or Seller, if any Governmental Authority within the United States or any country or other jurisdiction in which Premier, directly or indirectly, has material assets or operations shall have issued an order, decree or taken any other action permanently enjoining, restraining or otherwise prohibiting the Transactions, and such order, decree, ruling or other action shall have become final and nonappealable; or
(iv) by Premier, if after the date of this Purchase Agreement the Company issues (A) any shares of Company Common Stock (other than upon the conversion, exercise or exchange of securities outstanding on the date of this Purchase Agreement that are convertible into or exercisable or exchangeable for shares of Company Common Stock) or (B) any securities convertible into or exercisable or exchangeable for shares of Company Common Stock which result in the percentage of Company Common Stock beneficially held by the Seller, together with the percentage of Company Common Stock beneficially held by Premier falling below 50.1% of the ownership of all Company Common Stock (assuming the conversion, exercise or exchange of all securities referred to in clause (B)).
(b) In the event of termination of this Purchase Agreement by either Premier or the Seller as provided in Section 7.1(a), this Purchase Agreement shall forthwith become void and have no effect, without any liability or obligation on the part of Premier or the Seller, other than this Article VII. Nothing contained in this Section shall relieve any party for any willful breach of the representations, warranties, covenants or agreements set forth in this Purchase Agreement.
Termination of Purchase Agreement. Unless otherwise agreed upon by the parties in writing, this Agreement will terminate upon the termination of the Purchase Agreement.
Termination of Purchase Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained herein, in the event that the Purchase Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.
Termination of Purchase Agreement. If the Purchase Agreement is terminated without consummating the transactions contemplated therein, any amounts received by the LLC as a result of such termination (including by reason of the return of the Purchase Agreement Deposit) shall be distributed to the Members pro rata to their respective Capital Contributions.
Termination of Purchase Agreement. Effective upon the Effective Date, the Purchase Agreement is hereby terminated in its entirety and shall be of no further force or effect, and no party thereto shall have any rights or remedies or liabilities or obligations of any kind thereunder.
Termination of Purchase Agreement. Upon the execution of this Agreement by each of the parties hereto and in accordance with subsection (a) of Section 7.1 of the Purchase Agreement, the parties hereto agree that the Purchase Agreement is terminated, null and void and of no future force or effect.
