Common use of Postpone Closing Clause in Contracts

Postpone Closing. If any Party postpones Closing, this Agreement shall apply as if the postponed Closing were the original Closing, provided however that if Closing has not occurred by February 15, 2011, either Party may terminate this Agreement by written notice to the other Party unless the failure of Closing to occur by such date is the result of a breach by the former Party of its obligations hereunder.

Postpone Closing. If any Party postpones Closing, this Agreement shall apply as if the postponed Closing were the original Closing, provided however that if Closing has not occurred by February 15April 30, 20112006, either Party may terminate this Agreement by written notice to the other Party unless the failure of the Closing to occur by such date is the result of a breach by the former Party of its obligations hereunder.