Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Agreement or abandonment of the Merger or (ii) 11:59 p.m. eastern standard time on November 7, 2009 if the Merger has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the Merger.
Appears in 7 contracts
Samples: Stock Purchase Agreement (Victory Park Capital Advisors, LLC), Stock Purchase Agreement (Armour Residential REIT, Inc.), Stock Purchase Agreement (Armour Residential REIT, Inc.)
Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Acquisition Agreement or abandonment of the Merger Acquisition or (ii) 11:59 p.m. eastern standard time on November 7October 22, 2009 if the Merger Acquisition has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the MergerAcquisition.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Victory Park Capital Advisors, LLC), Stock Purchase Agreement (Victory Park Capital Advisors, LLC)
Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Acquisition Agreement or abandonment of the Merger Acquisition or (ii) 11:59 p.m. eastern standard time on November 721, 2009 if the Merger Acquisition has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the MergerAcquisition.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Victory Park Capital Advisors, LLC), Stock Purchase Agreement (Victory Park Capital Advisors, LLC)
Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Purchase Agreement or abandonment of the Merger Acquisition or (ii) 11:59 p.m. eastern standard daylight time on November 7August 1, 2009 if the Merger Acquisition has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the MergerAcquisition.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Victory Park Capital Advisors, LLC), Stock Purchase Agreement (Victory Park Capital Advisors, LLC)
Termination of Purchase Obligation. The obligation of Seller and Buyer Secure to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Purchase Agreement or abandonment of the Merger Acquisition or (ii) 11:59 p.m. eastern standard time on November 7October 29, 2009 if the Merger Acquisition has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, BuyerSecure’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer Secure shall be conditioned on the consummation of the MergerAcquisition.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Secure America Acquisition CORP), Stock Purchase Agreement (Victory Park Capital Advisors, LLC)
Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Agreement or abandonment of the Merger or (ii) 11:59 p.m. eastern standard time on November 714, 2009 if the Merger has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the Merger.
Appears in 1 contract
Samples: Stock Purchase Agreement (Prospect Acquisition Corp)
Termination of Purchase Obligation. The obligation of Seller and Buyer to sell and purchase, respectively, the Shares under this Agreement shall become null and void and of no force and effect upon the earlier of (i) the termination of the Merger Acquisition Agreement or abandonment of the Merger Acquisition or (ii) 11:59 p.m. eastern standard daylight time on November 7October 5, 2009 if the Merger Acquisition has not been consummated by such date. Notwithstanding any provision in this Agreement to the contrary, Buyer’s obligation to purchase the Shares from Seller and Seller’s obligation to sell the Shares to Buyer shall be conditioned on the consummation of the MergerAcquisition.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hicks Acquisition CO I Inc.)