Closing Contingency. The Closing shall take place at the offices of CALI, or at such other time and place as the Parties mutually agree upon, but in no event later than October 17, 2005 (the “Closing”). The Parties agree that in the event the Exchange Agreement does not close for any reason then this Agreement shall be null and void and without any liability whatsoever to either Party and without Notice to any Party and shall simply terminate by the passage of time.
Appears in 1 contract
Sources: Termination & Release Agreement (Cali Holdings Inc)
Closing Contingency. The Closing shall take place at the offices of CALI, or at such other time and place as the Parties mutually agree upon, but in no event later than October 17, 2005 (the “"Closing”"). The Parties agree that in the event the Exchange Agreement does not close for any reason then this Agreement shall be null and void and without any liability whatsoever to either Party and without Notice to any Party and shall simply terminate by the passage of time.
Appears in 1 contract
Sources: Exchange Agreement (Sovereign Exploration Associates International, Inc.)