Failure to Agree. (a) If the Parties are unable to agree either (i) as between themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (ii) with the Special Committee on the material terms of a Transaction which the Special Committee agrees to recommend to the public shareholders of the Target, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (I) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (II) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 10 contracts
Sources: Consortium Agreement, Consortium Agreement (Right Advance Management Ltd.), Consortium Agreement (Idg-Accel China Growth Fund Ii L P)
Failure to Agree. (a) If the Parties are unable to agree either (ia) as between themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, ; or (iib) with the Special Committee on the material terms of a Transaction which the Special Committee agrees to recommend to the public shareholders of the Target, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (Ii) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (IIii) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 2 contracts
Sources: Consortium Agreement (Cheung Siu Fai), Consortium Agreement (Qi Guosheng)
Failure to Agree. (a) If the Parties are unable to agree either (ia) as between themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (iib) with the Special Committee on the material terms of a Transaction transaction which the Special Committee agrees to recommend to the public shareholders of the Target, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (Ii) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (IIii) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 2 contracts
Sources: Consortium Agreement (Wang Zhili), Consortium Agreement (Wang Zhili)
Failure to Agree. (a) If the Parties are unable to agree either (ia) as between themselves the Sponsor Parties, on the one hand, and the Founder Parties, on the other hand, upon the material terms of the Transaction or the Debt Financing for the TransactionDefinitive Documents, or (iib) with the Special Committee on the material terms of a Transaction which the Special Committee agrees to recommend to the public shareholders of the Target, or (b) a Party is not satisfied with the results of its due diligence investigation, then, then subject to Section 5.3(a), (Ii) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties Parties; and (IIii) this Agreement shall terminate with respect to such withdrawing Partyparty.
Appears in 2 contracts
Sources: Consortium Agreement (Tang Jian), Consortium Agreement (Huang Jianjun)
Failure to Agree. At any time prior to execution and delivery of a Merger Agreement, if (a) If the Parties are unable to agree either (i) as between themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (ii) with the Special Committee on the material terms of a Transaction which the Special Committee agrees to recommend to the public shareholders of the TargetCompany, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (I) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (II) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 2 contracts
Sources: Consortium Agreement (Ma Baoli), Consortium Agreement (WANG Yi)
Failure to Agree. At any time prior to execution and delivery of a Merger Agreement, if (a) If the Parties are unable to agree either (i) as between themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (ii) with the Special Committee Target Board on the material terms of a Transaction which the Special Committee Target Board agrees to recommend to the public shareholders of the Target, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (I) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (II) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 1 contract
Sources: Consortium Agreement (SILVER TRILLION INVESTMENTS LTD)
Failure to Agree. If (a) If the Parties are unable to agree either (i) as between among themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (ii) with the Special Committee on the material terms of a the Transaction which the Special Committee agrees to recommend to the public shareholders of the TargetCompany, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to the Sponsor’s consent and Section 5.3(a6.3(a), (I) a any Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (II) this Agreement shall immediately terminate with respect to such withdrawing Party.
Appears in 1 contract
Sources: Consortium Agreement (New Frontier Public Holding Ltd.)
Failure to Agree. (a) If the Parties are unable to agree either (i) as between among themselves upon the material terms of the Transaction or the Debt Financing for the Transaction, or (ii) with the Special Committee Company on the material terms of a the Transaction which the Special Committee Board agrees to recommend to the public shareholders of the TargetCompany, or (b) a Party is not satisfied with the results of its due diligence investigation, then, subject to Section 5.3(a), (I) a Party may cease its participation in the Transaction by delivery of a written notice to the other Parties and (II) this Agreement shall terminate with respect to such withdrawing Party.
Appears in 1 contract
Sources: Consortium Agreement (Shao Baiqing)