Common use of Waiver or Termination by Vendors Clause in Contracts

Waiver or Termination by Vendors. The conditions contained in Section 5.3 hereof are inserted for the exclusive benefit of the Vendors and may be waived in whole or in part by the Vendors at any time. The Purchaser acknowledges that the waiver by the Vendors of any condition or any part of any condition shall constitute a waiver only of such condition or such part of such condition, as the case may be, and shall not constitute a waiver of any covenant, agreement, representation or warranty made by the Purchaser herein that corresponds or is related to such condition or such xxx of such condition, as the case may be. If any of the conditions contained in Section 5.3 hereof are not fulfilled or complied with as herein provided, the Vendors may, at or prior to the Closing Time at their option, rescind this Agreement by notice in writing to the Purchaser and in such event the Vendors shall each be released from all obligations hereunder and, unless the condition or conditions which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Purchaser, then the Purchaser shall also be released from all obligations hereunder.

Appears in 1 contract

Samples: Controlling Interest Purchase Agreement (Cen Biotech Inc)

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Waiver or Termination by Vendors. The conditions contained in Section 5.3 hereof SECTION 6.3 are inserted for the exclusive benefit of the Vendors and may be waived in whole or in part by the Vendors at any time. The Purchaser acknowledges that the waiver by the Vendors of any condition or any part of any condition shall constitute a waiver only of such condition or such part of such condition, as the case may be, and shall not constitute a waiver of any covenant, agreement, representation or warranty made by the Purchaser herein that corresponds or is related to such condition or such xxx part of such condition, as the case may be. If any of the conditions contained in Section 5.3 hereof are SECTION 6.3 is not fulfilled or complied with as herein provided, the Vendors may, at or prior to the Closing Time may at their option, rescind terminate the Vendors' obligations under this Agreement by notice in writing to the Purchaser and in such event the Vendors shall each be released from all obligations hereunder and, unless the condition or conditions which that have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Purchaser, then the Purchaser shall also be released from all obligations hereunder, provided that SECTIONS 1.4 AND 9.5 shall survive any such termination.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Uranium Power Corp)

Waiver or Termination by Vendors. The conditions contained in Section section 5.3 hereof are inserted for the exclusive benefit of the Vendors and may be waived in whole or in part by the Vendors at any time. The Purchaser acknowledges that the waiver by the Vendors of any condition or any part of any condition shall will constitute a waiver only of such condition or such part of such condition, as the case may be, and shall will not constitute a waiver of any covenant, agreement, representation or warranty made by the Purchaser herein that corresponds or is related to such condition or such xxx part of such condition, as the case may be. If any of the conditions contained in Section section 5.3 hereof are not fulfilled or complied with as herein provided, the Vendors may, at or prior to the Closing Time at their option, rescind this Agreement by notice in writing to the Purchaser and in such event the Vendors shall will each be released from all obligations hereunder and, unless the condition or conditions which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Purchaser, then the Purchaser shall will also be released from all obligations hereunder.

Appears in 1 contract

Samples: Share Purchase Agreement (Harman International Industries Inc /De/)

Waiver or Termination by Vendors. The conditions contained in Section 5.3 6.3 hereof are inserted for the exclusive benefit of the Vendors Vendors, each of them, and may be waived in whole or in part by the Vendors at any time. The Purchaser acknowledges that the waiver by the Vendors of any condition or any part of any condition condition, as the case may be, shall constitute a waiver only of such condition or such part of such condition, as the case may be, and shall not constitute a waiver of any covenant, agreement, representation or warranty made by the Purchaser herein that corresponds or is related to such condition or such xxx part of such condition, as the case may be. If any of the conditions contained in Section 5.3 6.3 hereof are not fulfilled or complied with as herein provided, the Vendors may, at or prior to the Closing Time at their option, rescind this Agreement by notice in writing to the Purchaser and in such event the Vendors Vendors, each of them, shall each be released from all obligations hereunder and, unless the condition or conditions which have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Purchaser, and provided that the Purchaser is not in breach of their representations, warranties or covenants under this Agreement, then the Purchaser shall also be released from all obligations hereunder.

Appears in 1 contract

Samples: Share Purchase Agreement (Compass Minerals International Inc)

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Waiver or Termination by Vendors. The conditions contained in Section 5.3 hereof 6.3 are inserted for the exclusive benefit of the Vendors and may be waived in whole or in part by the Vendors at any time. The Purchaser acknowledges that the waiver by the Vendors of any condition or any part of any condition shall constitute a waiver only of such condition or such part of such condition, as the case may be, and shall not constitute a waiver of any covenant, agreement, representation or warranty made by the Purchaser herein that corresponds or is related to such condition or such xxx part of such condition, as the case may be. If any of the conditions contained in Section 5.3 hereof are 6.3 is not fulfilled or complied with as herein provided, the Vendors may, at or prior to the Closing Time may at their option, rescind terminate the Vendors' obligations under this Agreement by notice in writing to the Purchaser and in such event the Vendors shall each be released from all obligations hereunder and, unless the condition or conditions which that have not been fulfilled are reasonably capable of being fulfilled or caused to be fulfilled by the Purchaser, then the Purchaser shall also be released from all obligations hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Canwest Petroleum Corp)

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