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 a party by (a) the mutual consent of the parties, (b) by Purchaser, if any condition to his obligations provided in this Agreement has not been met at the time such condition is to be met and has not been waived by him and (c) by the 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 him.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Fitmedia Inc.), Stock Purchase Agreement (Fitmedia Inc.), Stock Purchase Agreement (K-Care Nutritional Products Inc.)

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