Common use of Failure to Close Clause in Contracts

Failure to Close. If the Closing does not occur on or before the scheduled closing date as set forth in Section 2.1 hereof, either party may terminate this Agreement by giving written notice to the other party. Thereafter, neither party shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreement.

Failure to Close. If the Closing does not occur on or ---------------- before the scheduled closing date as set forth in Section 2.1 hereofhereunder, either party may terminate this Agreement by giving written notice to the other party. Thereafter, neither party shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreement.

Failure to Close. If any of the Closing does Closings do not occur on or ---------------- before the their scheduled closing date dates as set forth in Section 2.1 hereofhereunder, either party may terminate this Agreement by giving written notice to the other party. Thereafter, neither party shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreement.

Failure to Close. If the Closing does not occur on or before the scheduled closing date as set forth in Section 2.1 hereof, either Either party may terminate this Agreement by giving written notice to the other if the Closing shall not have occurred on or before February 28, 1997 for any reason other than a wilful breach of a covenant, representation or warranty by either party. ThereafterIn the event of a termination under this Section, neither party all obligations of the parties to one another hereunder shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreementcease without liability.

Failure to Close. If This Agreement may be terminated by any party not then in default hereunder if for any reason the Closing does has not occur occurred on or before the scheduled closing date as set forth in Section 2.1 hereof, either party may terminate this Agreement by giving written notice prior to the other party. Thereafter, neither party shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this AgreementOutside Closing Date.

Failure to Close. If any of the Closing does Closings do not occur on or before the their scheduled closing date dates as set forth in Section 2.1 hereofhereunder, either party may terminate this Agreement by giving written notice to the other party. Thereafter, neither party shall have any further obligations to the other hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreement.

Failure to Close. If This Agreement may be terminated at the Closing does option of either party upon notice to the other if the Closing, has not occur on or before the scheduled closing date as set forth in Section 2.1 hereofoccurred by October 31, either 1997; PROVIDED, HOWEVER, that neither party may terminate this Agreement by giving written notice if such party is in default hereunder. In the event of termination pursuant to this Section, the other party. Thereafter, neither party parties shall have be released and discharged from any further obligations to the other obligation hereunder, other than any obligations and liabilities arising prior to such termination and those obligations that by their terms survive the termination of this Agreement.