Defaults Permitting Termination. If either Buyer or Seller materially default in the due and timely performance of any of their warranties, covenants, or agreements under this Agreement and such default is not cured within ten (10) business days, the non-defaulting party or parties may, on or before the Closing Date, give notice of termination of this Agreement, in the manner provided in Article XVI. This notice shall specify with particularity the default or defaults on which the notice is based. The termination shall be effective five (5) days after the giving of notice unless the specified default or defaults have been cured on or before this effective date for termination.
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Sources: Purchase and Sale of Assets (Health Sciences Group Inc), Purchase and Sale of Assets (Health Sciences Group Inc)