Common use of Waiver by Vendor Clause in Contracts

Waiver by Vendor. The conditions precedent referred to in paragraph 6.3 are inserted for the exclusive benefit of the Vendor and may be waived in whole or in part by the Vendor at any time prior to Closing by delivering to the Purchaser written notice to that effect. If any of the said conditions are not complied with or performed to the Vendor's reasonable satisfaction on or before the Closing Date or compliance is not waived in writing by the Vendor, then the Vendor shall be relieved of his obligations to consummate the Closing.

Appears in 3 contracts

Samples: Share Purchase Agreement (Scout Exploration, Inc), Share Purchase Agreement (Scout Exploration, Inc), Share Purchase Agreement (Scout Exploration, Inc)

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Waiver by Vendor. The conditions precedent referred to set out in paragraph 6.3 the preceding section are inserted for the exclusive benefit of the Vendor and any such condition may be waived in whole or in part by the Vendor at any time or prior to the Closing by delivering to the Purchaser a written notice waiver to that effecteffect signed by the Vendor. If any of In the said event that the conditions precedent set out in the preceding section are not complied with or performed to the Vendor's reasonable satisfaction satisfied on or before the Closing Date or compliance is not waived in writing by the Vendor, then the Vendor shall be relieved released from all obligations under this Agreement. Nature of his obligations to consummate the Closing.Conditions Precedent

Appears in 1 contract

Samples: Share Exchange Agreement (Wowtown Com Inc)

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