Termination During Contingency Period Sample Clauses

Termination During Contingency Period. Buyer may, at any time during the Contingency Period, for any reason or no reason, (i) terminate this Agreement by delivering to Seller its written notice of termination prior to the expiration of the Contingency Period, or (ii) waive its right to terminate this Agreement by, prior to the expiration of the Contingency Period, (a) waiving its termination right in writing and delivering such waiver to Seller, (b) timely delivering the Additional Deposit to the Title Company, and (c) delivering to Seller either (x) a pro forma of the Environmental Insurance Policy or (y) its written waiver of the condition precedent set forth in Section 4(c)(xii). In the event Buyer (1) fails to provide a written waiver of its right to terminate in accordance with the foregoing no later than 5 p.m. Pacific time on the last day of the Contingency Period, (2) fails to deposit the Additional Deposit with the Title Company no later than 5 p.m. Pacific time on the last day of the Contingency Period, or (3) fails to either deliver the pro forma of the Environmental Insurance Policy to Seller or deliver its election in writing to waive the condition precedent set forth in Section 4(c)(xii), by 5 p.m. Pacific time on the last day of the Contingency Period, then this Agreement shall automatically terminate. In the event of any automatic termination or other termination by Buyer pursuant to this Section 4(b), (x) the Initial Deposit and all other funds deposited in escrow by Buyer and all interest accrued on such funds (less Buyer's share of any escrow and title cancellation fees) shall be returned immediately to Buyer, (y) all documents deposited in escrow by Buyer or Seller shall be returned to the depositing party, and (z) Buyer shall promptly deliver to Seller, at no cost to Seller, and without representation or warranty, the originals or copies of all tests, reports and inspections of the Property, which do not restrict such delivery to a third party, made and conducted by Buyer or for Buyer's benefit which are in the possession or control of Buyer and promptly return to Seller copies of all materials delivered by Seller or WHTS to Buyer and shall destroy all copies and abstracts thereof, and except for this Section and the provisions of this Agreement that expressly survive the termination of this Agreement, this Agreement shall be null and void and of no further force and effect, and neither Seller nor Buyer shall have any further rights or obligations hereunder.
Sample 1
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Termination During Contingency Period. If Donee chooses not to accept conveyance of the Property, for any reason or no reason, within its sole and unfettered discretion, and provides written notice to Donor prior to the expiration of the Contingency Period, then this Agreement shall terminate.
Sample 1

Related to Termination During Contingency Period

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Purchase Contract Payments (including any deferred or accrued and unpaid Purchase Contract Payments), if the Company shall have such obligation, and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Covered Termination During a Change in Control Period If Executive experiences a Covered Termination during a Change in Control Period, and if Executive delivers to the Company a Release of Claims that becomes effective and irrevocable within sixty (60) days, or such shorter period of time specified by the Company, following such Covered Termination, then in addition to any accrued but unpaid salary, bonus, vacation and expense reimbursement payable in accordance with applicable law, the Company shall provide Executive with the following:

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Facility Termination Date Any outstanding Loans and all other unpaid Obligations (other than contingent indemnity obligations) shall be paid in full by the Borrower on the Facility Termination Date. Notwithstanding the termination of this Agreement on the Facility Termination Date, until all of the Obligations (other than contingent indemnity obligations) shall have been fully paid and satisfied and all financing arrangements among the Borrower and the Lenders hereunder and under the other Loan Documents shall have been terminated, all of the rights and remedies under this Agreement and the other Loan Documents shall survive.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Allocations During the Revolving Period During the Revolving Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders or the Holder of the Seller Interest and pay or deposit from the Collection Account the following amounts as set forth below:

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Termination Date The Executive’s “Termination Date” shall be:

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