Common use of Termination Damages Clause in Contracts

Termination Damages. (a) If all conditions precedent to the obligations of Purchaser set forth in Article 11 have been met and the transactions contemplated by this Agreement are not consummated on or before the Closing Date because of the negligent or willful failure of Purchaser to perform any of its obligations hereunder in any material respect, or the material breach of any representation or warranty herein by Purchaser, then in such event, Sellers shall have the option to terminate this Agreement, in which case Sellers may pursue all available legal and equitable remedies.

Termination Damages. (a) If all conditions precedent to the obligations of Purchaser set forth in Article 11 have been met and the transactions contemplated by this Agreement are not 45 consummated on or before the Closing Date because of the negligent or willful failure of Purchaser to perform any of its obligations hereunder in any material respect, or the material breach of any representation or warranty herein by Purchaser, then in such event, Sellers shall have the option to terminate this Agreement, in which case Sellers may pursue all available legal and equitable remedies.

Termination Damages. (a) If all conditions precedent to the obligations of Purchaser Buyer set forth in Article 11 9 have been met and the transactions contemplated by this Agreement are not consummated on or before the Closing Date because of the negligent or willful failure of Purchaser Buyer to perform any of its obligations hereunder in any material respect, or the material breach of any representation or warranty herein by PurchaserBuyer, then in such event, Sellers Seller shall have the option to terminate this Agreement, in which case Sellers Seller may pursue all available legal and equitable remedies.