Common use of Closing Delay Clause in Contracts

Closing Delay. By either American or MainStreet, evidenced by written notice, if the Merger has not been consummated by July 1, 2015 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has caused the failure of the Merger to occur on or before such date;

Closing Delay. By either American or MainStreetHomeTown, evidenced by written notice, if the Merger has not been consummated by July 1September 30, 2015 2019 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has caused the failure of the Merger to occur on or before such date;

Closing Delay. By either American Buyer or MainStreetHolding Company and Bank Subsidiary, evidenced by written notice, if the Merger has not been consummated by July 1December 31, 2015 2016 or such later date as shall have been agreed to in writing by the parties, provided that the right to terminate under this Section 7.1(b) shall not be available to any party whose breach or failure to perform an obligation hereunder has caused the failure of the Merger to occur on or before such date;