Common use of Defaults Permitting Termination Clause in Contracts

Defaults Permitting Termination. If prior to the Closing ▇▇▇▇▇ or the Company materially default in the due and timely performance of any of its or his warranties, covenants, or agreements under this Agreement, a nondefaulting party may give notice of termination of this Agreement, in the manner provided in Section 15.1. This notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective on the later of five (5) days after the giving of such notice or the Closing, unless the specified default or defaults have been cured on or before the effective date for termination.

Defaults Permitting Termination. If prior to the Closing ▇▇▇▇▇ either Buyers or the Company Selling Parties materially default in the due and timely performance of any of its or his their warranties, covenants, or agreements under this Agreement, a the nondefaulting party or parties may on the Closing Date give notice of termination of this Agreement, in the manner provided in Section 15.111.11. This The notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective on the later of five Two (52) calendar days after the giving of such notice or the ClosingClosing Date, unless the specified default or defaults have been cured on or before the this effective date for termination.

Defaults Permitting Termination. If prior to the Closing ▇▇▇▇▇ either Buyer or the Company Selling Parties materially default in the due and timely performance of any of its or his warranties, covenants, their warranties or agreements under this Agreementagreement, a the nondefaulting party or parties may on the closing date give notice of termination of this Agreementagreement, in the manner provided in Section 15.1Article XV. This The notice shall will specify with particularity the default or defaults on which the notice is based. The termination shall will be effective on the later of five (5) business days after the giving of such notice or the Closingclosing date, unless the specified default or defaults have been cured on or before the this effective date for termination.

Defaults Permitting Termination. If prior to the Closing ▇▇▇▇▇ either Buyer or the Company Selling Parties materially default in the due and timely performance of any of its or his their warranties, covenants, or agreements under this Agreement, a nondefaulting the non-defaulting party or parties may on the Closing Date give notice of termination of this Agreement, in the manner provided in Section 15.112.11. This The notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective on the later of five three (53) days after the giving of such notice or the ClosingClosing Date, unless the specified default or defaults have been cured on or before the this effective date for termination.