TERMINATION & UNWINDING; DEFAULT Sample Clauses

TERMINATION & UNWINDING; DEFAULT. 4.1. Termination and Unwinding in the Event of Default or Failure to Close the Transaction and List the Pubco Common Stock on NASDAQ. In the event and to the extent that the Closing of the Company Merger and listing of the Pubco Common Stock on NASDAQ (or any equivalent exchange) does not occur on or before 31 December 2024 (the “Closing Period”) for any reason whatsoever and/or upon the occurrence of any Event of Default (as set forth below), this Agreement shall automatically terminate and the parties shall take all necessary actions to unwind the obligations and material effect hereof. In the event that this Agreement is terminated pursuant to Section 4.1, each Party shall take the following actions to unwind their obligations and restore the Parties to their respective positions as they were prior to the execution of this Agreement: