Common use of Termination by Sellers Clause in Contracts

Termination by Sellers. The Sellers may terminate this Agreement with respect to the Buyer (as between the Buyer and each Seller) if the Buyer has failed to consummate the transactions contemplated hereby upon satisfaction of the conditions set forth in Sections 5.1 and 5.2, without any further liability on the part of the Seller, on or after the End Date; provided that no Seller is in material breach of its obligations hereunder.

Appears in 2 contracts

Samples: Debt Purchase Agreement, Debt Purchase Agreement (Verizon Communications Inc)

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Termination by Sellers. The Sellers may terminate this Agreement with respect to the Buyer (as between the Buyer and each Seller) if the Buyer has failed to consummate the transactions contemplated hereby upon satisfaction of the conditions set forth in Sections 5.1 and 5.2, without any further liability on the part of the SellerSellers, on or after the End Date; provided that no Seller is in material breach of its obligations hereunder.

Appears in 2 contracts

Samples: Debt Purchase Agreement, Debt Purchase Agreement (Verizon Communications Inc)

Termination by Sellers. The Sellers may may, without liability to Buyer, terminate this Agreement with respect by notice to Buyer (1) at any time prior to the Closing if default shall be made by Buyer in the observance or in the due and timely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, or (as between ii) at the Buyer and each Seller) Closing if the Buyer has failed to consummate the transactions contemplated hereby upon satisfaction any of the conditions set forth in Sections 5.1 and 5.2precedent to the performance of Sellers' obligations at the Closing shall not have been fulfilled, without any further liability including but not limited to the obligations imposed on the part of the Seller, on or after the End Date; provided that no Seller is in material breach of its obligations hereunderBuyer pursuant to Section 2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Alentus Corp)

Termination by Sellers. The Sellers may may, without liability to Buyer, terminate this Agreement with respect by notice to Sellers (i) at any time prior to the Buyer (as between Closing if a default shall be made by any of the Buyer in the observance or in the due and each Sellertimely performance of any of the terms hereof to be performed by Buyer that cannot be cured at or prior to the Closing, or (i) at the Closing if the Buyer has failed to consummate the transactions contemplated hereby upon satisfaction any of the conditions set forth in Sections 5.1 and 5.2, without any further liability on precedent to the part performance of Sellers' obligations at the Seller, on or after the End Date; provided that no Seller is in material breach of its obligations hereunderClosing shall not have been fulfilled.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Ibs Interactive Inc)

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Termination by Sellers. The Sellers may terminate this Agreement with respect prior to the Buyer Closing if (as between the Buyer and each Sellera) Purchasers materially breach any covenant or obligation it has under this Agreement or (b) if the Buyer has failed to consummate the transactions contemplated hereby upon satisfaction any representation or warranty of the conditions set forth Purchasers in Sections 5.1 and 5.2, without any further liability on the part of the Seller, on or after the End Date; provided that no Seller is in material breach of its obligations hereunderArticle 6 becomes untrue.

Appears in 1 contract

Samples: Technology Purchase Agreement (Enviro Voraxial Technology Inc)

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