Common use of Purchaser’s Failure to Close Clause in Contracts

Purchaser’s Failure to Close. In the event that Purchaser fails or refuses to close the transaction contemplated herein for any reason other than occurrence of such events enumerated herein which allow Purchaser to terminate this Restated Agreement, Seller shall be entitled to terminate this Restated Agreement by written notice to Purchaser, whereupon this Restated Agreement and the Warrant shall thereupon become null and void and of no further force and effect.

Purchaser’s Failure to Close. In the event that Purchaser fails or refuses to close the transaction contemplated herein for any reason other than occurrence of such events enumerated herein which allow Purchaser to terminate this Restated Agreement, Seller shall be entitled to terminate this Restated Agreement by written notice to Purchaser, whereupon this Restated Agreement and the Warrant shall thereupon become null and void and of no further force and effect.