Common use of Frustration of Conditions Clause in Contracts

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 9 contracts

Samples: Voting Agreement (Newhouse Broadcasting Corp), Agreement and Plan of Merger (Cintas Corp), Agreement and Plan of Merger (Front Yard Residential Corp)

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Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1Sections 6.1, Section 7.2 6.2 or Section 7.36.3, as the case may be, to be satisfied if such failure was caused by such partyParty’s material breach of any provision of this Agreement.

Appears in 9 contracts

Samples: Agreement and Plan of Merger (Ayala Pharmaceuticals, Inc.), Agreement and Plan of Merger (Advaxis, Inc.), Agreement and Plan of Merger (SomaLogic, Inc.)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, rely on the failure of any condition set forth in Section 7.16.01, Section 7.2 6.02 or Section 7.36.03, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of failure to act in good faith or to use its reasonable best efforts to consummate the Merger and the other transactions contemplated by this Agreement, as required by and subject to Section 5.06.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (FOHG Holdings, LLC), Agreement and Plan of Merger (Frederick's of Hollywood Group Inc /Ny/), Agreement and Plan of Merger (Cole Kenneth Productions Inc)

Frustration of Conditions. None of the Company, Parent or Merger nor Acquisition Sub may rely, either as a basis for not consummating the Merger or the other transactions Transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.17.01, Section 7.2 7.02 or Section 7.37.03, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Brookfield Property Partners L.P.), Agreement and Plan of Merger (GGP Inc.), Agreement and Plan of Merger (Brookfield Asset Management Inc.)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions Transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.17.01, Section 7.2 7.02 or Section 7.37.03, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cyclo Therapeutics, Inc.), Agreement and Plan of Merger (Cyclo Therapeutics, Inc.), Agreement and Plan of Merger (Applied Molecular Transport Inc.)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions contemplated by this Agreement or for terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Agiliti, Inc. \De), Agreement and Plan of Merger (Covetrus, Inc.), Agreement and Plan of Merger (Vonage Holdings Corp)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, rely on the failure of any condition set forth in Section 7.17.1 or, with respect to Parent or Merger Sub, in Section 7.2 or 7.2, or, with respect to the Company, in Section 7.3, as the case may be, to be satisfied if such failure was caused by such partyParty’s material breach of any provision of failure to act in good faith or use such efforts to consummate the transactions contemplated by this Agreement, as required by and subject to Section 6.3.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Teleflex Inc), Agreement and Plan of Merger (Vascular Solutions Inc)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section Sections 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Yatra Online, Inc.), Merger Agreement (Ebix Inc)

Frustration of Conditions. None of the Company, Parent or Merger Acquisition Sub may rely, either as a basis for not consummating the Exchange or the Merger or the other transactions Transactions or terminating this Agreement and abandoning the Exchange or the Merger, on the failure of any condition set forth in Section 7.17.01, Section 7.2 7.02 or Section 7.37.03, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rouse Properties, Inc.), Agreement and Plan of Merger (Brookfield Asset Management Inc.)

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Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s 's material breach of any provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Counterpath Corp)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1Sections ‎7.1, Section 7.2 ‎7.2 or Section 7.3‎7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this AgreementAgreement or, in the case of Parent or Merger Sub, on the failure of Parent or any of its Affiliates to satisfy any of the conditions set forth in the Commitment Letter (or any definitive agreements related thereto).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nutri System Inc /De/)

Frustration of Conditions. None of the Company, Parent or Merger Sub may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section Sections 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this AgreementAgreement or, in the case of Parent or Merger Sub, on the failure of Parent or any of its Affiliates to satisfy any of the conditions set forth in the Commitment Letter (or any definitive agreements related thereto).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tivity Health, Inc.)

Frustration of Conditions. None of the Company, Parent or Merger Sub Purchaser may rely, either as a basis for not consummating the Merger or the other transactions or terminating this Agreement and abandoning the Merger, on the failure of any condition set forth in Section 7.1, Section 7.2 or Section 7.3Schedule I, as the case may be, to be satisfied if such failure was caused by such partyParty’s material breach of any provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Satsuma Pharmaceuticals, Inc.)

Frustration of Conditions. None of the Company, Parent Parent, Merger Sub I or Merger Sub II may rely, either as a basis for not consummating the Merger Mergers or the other transactions or terminating this Agreement and abandoning the MergerMergers, on the failure of any condition set forth in Section 7.1, Section 7.2 or Section 7.3, as the case may be, to be satisfied if such failure was caused by such party’s material breach of any provision of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Univar Inc.)

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