Common use of TRANSFER VOID AB INITIO Clause in Contracts

TRANSFER VOID AB INITIO. In the event that the Closing does not occur, any purported transfer of the Transferred Assets and assumption of the Transferred Liabilities under the LLC Business Transfer Agreement shall be void ab initio and Newco shall acquire no rights in such Transferred Assets nor assume any obligations relating to such Transferred Liabilities. In the event that the Closing does not occur, Seller shall immediately return to Newco the note or the shares referred to at Section 6(a).

TRANSFER VOID AB INITIO. In the event that the Closing does not occur, any purported transfer of the Transferred Assets and assumption of the Transferred Liabilities under the LLC LTD Business Transfer Agreement shall be void ab initio and Newco shall acquire no rights in such Transferred Assets nor assume any obligations relating to such Transferred Liabilities. In the event that the Closing does not occur, Seller AT&T Japan Ltd. shall immediately return to Newco the note or the shares referred to at Section 6(a)Business Transfer Purchase Price.