Common use of Waiver or Termination by the Purchaser Clause in Contracts

Waiver or Termination by the Purchaser. The conditions contained in Section 5.1 are inserted for the exclusive benefit of the Purchaser and may be waived in whole or in part by the Purchaser at any time without prejudice to any of its rights of termination in the event of non-performance of any other condition in whole or in part. If any of the conditions contained in Section 5.1 are not fulfilled or complied with by the time provided for, the Purchaser may, at or prior to the Closing Time, terminate this Agreement by notice in writing after such time required to the Vendors. In such event the Purchaser shall be released from all obligations in this Agreement (except as set out in Section 5.5) and, unless the condition or conditions that have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Vendors or MFI, then the Vendors shall also be released from all obligations in this Agreement (except as set out in Section 5.5).

Appears in 5 contracts

Samples: Share Purchase Agreement (Aralez Pharmaceuticals Inc.), Share Purchase Agreement (Aralez Pharmaceuticals Inc.), Share Purchase Agreement (Aralez Pharmaceuticals Inc.)

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Waiver or Termination by the Purchaser. The conditions contained in Section 5.1 are inserted for the exclusive benefit of the Purchaser and may be waived in whole or in part by the Purchaser at any time without prejudice to any of its rights of termination in the event of non-performance of any other condition in whole or in part. If any of the conditions contained in Section 5.1 are not fulfilled or complied with by the time provided for, the Purchaser may, at or prior to the Closing Time, terminate this Agreement by notice in writing after such time required to the VendorsVendor. In such event the Purchaser shall be released from all obligations in this Agreement (except as set out in Section 5.5) and, unless the condition or conditions that which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Vendors Vendor or MFIthe Corporation, then the Vendors Vendor shall also be released from all obligations in this Agreement (except as set out in Article 8 or Section 5.5)10.2.

Appears in 3 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement

Waiver or Termination by the Purchaser. The conditions contained in Section 5.1 are inserted for the exclusive benefit of the Purchaser and may be waived in whole or in part by the Purchaser at any time without prejudice to any of its rights of termination in the event of non-performance of any other condition in whole or in part. If any of the conditions contained in Section 5.1 are not fulfilled or complied with by the time provided for, the Purchaser may, at or prior to the Closing Time, terminate this Agreement by notice in writing after such time required to the VendorsVendor and the Shareholder. In such event the Purchaser shall be released from all obligations in this Agreement (except as set out in Section 5.55.6) and, unless the condition or conditions that which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Vendors Vendor or MFIthe Shareholder, then the Vendors Vendor and the Shareholders shall also be released from all obligations in this Agreement (except as set out in Section 5.55.6).

Appears in 1 contract

Samples: Asset Purchase Agreement (Teamupsport Inc.)

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Waiver or Termination by the Purchaser. The conditions contained in Section 5.1 are inserted for the exclusive benefit of the Purchaser and may be waived in whole or in part by the Purchaser at any time without prejudice to any of its rights of termination in the event of non-performance of any other condition in whole or in part. If any of the conditions contained in Section 5.1 are not fulfilled or complied with by the time provided for, the Purchaser may, at or prior to the Closing Time, terminate this Agreement by notice in writing after such time required to the VendorsVendor and the Shareholder. In such event the Purchaser shall be released from all obligations in this Agreement (except as set out in Section 5.55.6) and, unless the condition or conditions that which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Vendors Vendor, the Shareholder or MFIthe Corporation, then the Vendors Vendor and the Shareholder shall also be released from all obligations in this Agreement (except as set out in Section 5.55.6).

Appears in 1 contract

Samples: Share Purchase Agreement (Sanborn Resources, Ltd.)

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