Common use of Abandonment of Agreement Clause in Contracts

Abandonment of Agreement. This Agreement may be terminated and the transaction hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company and Buyer or (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 4 contracts

Samples: Stock Exchange Agreement (Duct Utility Construction & Technologies Inc), Stock Exchange Agreement (Procare Industries LTD), Stock Exchange Agreement (Insiderstreet Com Inc)

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Abandonment of Agreement. This Agreement may be terminated and the transaction transactions hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company and Buyer or (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 3 contracts

Samples: Stock Exchange Agreement (Cavalcade of Sports Network Inc), Stock Exchange Agreement (Vidkid Distribution Inc), Stock Exchange Agreement (Watchout Inc)

Abandonment of Agreement. This Agreement may be terminated termi nated and the transaction hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company and Buyer or (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Procare Industries LTD), Stock Exchange Agreement (Procare Industries LTD)

Abandonment of Agreement. This Agreement may be terminated and the transaction transactions hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company Buyer and Buyer Seller or (b) the Board of Directors of the Company Seller if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 1 contract

Samples: Stock Exchange Agreement (Xstream Beverage Group Inc)

Abandonment of Agreement. This Agreement may be terminated and the transaction hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each the Company by (a) the mutual consent of the Board of Directors of Company and Buyer or Buyer, (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, ( c ) by the Shareholders and the Board of Directors of the Company, if any condition to the obligations of the Shareholders and the Company provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (d) if the Closing has not occurred on or before December 15, 2002 unless extended by the mutual consent of the parties.

Appears in 1 contract

Samples: Stock Purchase Agreement (Xstream Beverage Group Inc)

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Abandonment of Agreement. This Agreement may be terminated and the transaction hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company and Buyer or (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (cC)) by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 1 contract

Samples: Stock Exchange Agreement (Xstream Beverage Group Inc)

Abandonment of Agreement. This Agreement may be terminated and the transaction hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company Shareholders by (a) the mutual consent of the Board of Directors of Company and Buyer or parties, (b) the Board of Directors of the Company by Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or it and (c) by the Board of Directors of BuyerShareholders, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 1 contract

Samples: Stock Purchase Agreement (Heritage Companies Inc)

Abandonment of Agreement. This Agreement may be terminated and the transaction transactions hereby contemplated abandoned at any time prior to the Closing Date, whether before or after the approval and adoption hereof by the shareholders of each Company by (a) the mutual consent of the Board of Directors of Company and Buyer or (b) the Board of Directors of the Company if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it, or (c) [ILLEGIBLE] by the Board of Directors of Buyer, if any condition to its obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by it.

Appears in 1 contract

Samples: Stock Exchange Agreement (Trimfast Group Inc)

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