Common use of Drop Dead Date Clause in Contracts

Drop Dead Date. By Buyer, or by Parents and Sellers acting -------------- jointly, if the Closing shall not have occurred by January 31, 2002; provided, -------- however, such date shall be extended by the number of days, if any, necessary to ------- respond to a second request for information under the HSR Act; provided, that, -------- ---- that the failure to close prior to such date is not the result of a material Breach of this Agreement by the terminating party.

Appears in 1 contract

Sources: Asset Purchase Agreement (Ifco Systems Nv)

Drop Dead Date. By Buyer, or by Parents and Sellers acting -------------- jointly, if the Closing shall not have occurred by January 31March 2, 2002; provided, -------- however, such date shall be extended by the number of days, if any, necessary to ------- respond to a second request for information under the HSR Act; provided, that-------- further, -------- ---- that the failure to close prior to such date is not the result of a ------- material Breach of this Agreement by the terminating party."

Appears in 1 contract

Sources: Asset Purchase Agreement (Ifco Systems Nv)