Common use of Termination or Abandonment Clause in Contracts

Termination or Abandonment. This Agreement may be terminated and the Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in the event of the failure of any condition in favor of such entity as to which the consummation of the Merger is subject. In the event of termination of this Agreement, the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, their respective Boards of Directors or any other party to this Agreement.

Termination or Abandonment. This Agreement of Merger may be terminated and the Merger may be hereby provided for abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by the mutual consent of the failure respective boards of any condition in favor directors of such entity as to which Buyer, Merger Sub and the consummation of the Merger is subjectCompany. In the event of termination of this AgreementAgreement as herein provided, neither Buyer, Merger Sub nor the same shall become wholly void and Company or their respective boards of no effect, and there directors or shareholders shall be no further liability liable to the other or obligation hereunder on the part of any of the Constituent Corporations, their respective Boards of Directors its directors or any other party to this Agreementshareholders.

Termination or Abandonment. This Agreement may be terminated and the Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by mutual written consent of the failure Boards of any condition in favor Directors of such entity as to which the consummation each of the Merger is subjectCompany and Company Sub. In the event of termination of this AgreementAgreement as herein provided, neither the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, Company nor Company Sub nor their respective Boards of Directors or any shareholders shall be liable to the other party to this Agreementor its directors or shareholders.

Termination or Abandonment. This Agreement Plan may be terminated and the Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by the mutual written consent of the failure respective Boards of any condition in favor of such entity as to which the consummation Directors of the Merger is subjectConstituent Corporations. In the event of termination of this AgreementPlan as herein provided, the same shall become wholly void Industries and of no effect, Composites and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, their respective Boards of Directors and shareholders shall not be liable to each other or any other party to this Agreementthe directors or shareholders of each other.

Termination or Abandonment. This Agreement may be terminated and the Merger may abandoned at any time prior to the Effective Time by the mutual consent of the respective boards of directors of Disappearing Corporation and LBI. If this Agreement is terminated as provided in this Section, neither Disappearing Corporation nor LBI nor their respective boards of directors or shareholders shall be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice liable to the other parties hereto, at any time in the event of the failure of any condition in favor or its directors or shareholders by reason of such entity as to which the consummation of the Merger is subject. In the event of termination of this Agreement, the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, their respective Boards of Directors or any other party to this Agreementtermination.

Termination or Abandonment. This Agreement may be terminated and the Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by the mutual written consent of the failure respective Boards of any condition in favor of such entity as to which the consummation Directors of the Merger is subjectConstituent Corporations. In the event of termination of this AgreementAgreement as herein provided, neither the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, Company nor Merger Sub nor their respective Boards of Directors or any shareholders shall be liable to the other party to this Agreementor its directors or shareholders except as provided in the Plan of Merger.

Termination or Abandonment. This Agreement may be terminated and the -------------------------- Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by the mutual written consent of the failure respective Boards of any condition in favor of such entity as to which the consummation Directors of the Merger is subjectConstituent Corporations. In the event of termination of this AgreementAgreement as herein provided, neither the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, Company nor Merger Sub nor their respective Boards of Directors or any shareholders shall be liable to the other party to this Agreementor its directors or shareholders except as provided in the Plan of Merger.

Termination or Abandonment. This Agreement may be terminated and the -------------------------- Merger may be abandoned by mutual agreement or by either the Company or Rexhan, acting by its Board of Directors, by written notice to the other parties hereto, at any time in prior to the event Effective Time by mutual written consent of the failure Boards of any condition in favor Directors of such entity as to which the consummation each of the Merger is subjectCompany and Company Sub. In the event of termination of this AgreementAgreement as herein provided, neither the same shall become wholly void and of no effect, and there shall be no further liability or obligation hereunder on the part of any of the Constituent Corporations, Company nor Company Sub nor their respective Boards of Directors or any shareholders shall be liable to the other party to this Agreementor its directors or shareholders.