Common use of Waiver of Conditions of Closing Clause in Contracts

Waiver of Conditions of Closing. If any of the conditions set forth in Section 4.1 has not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the Transactions and, if any of the conditions in Section 4.2 has not been satisfied, the Vendor may elect in writing to waive the condition and proceed with the completion of the Transactions. Any such waiver and election by the Purchaser or the Vendor, as the case may be, will only serve as a waiver of the specific closing condition and the other Party will have no liability with respect to the specific waived condition.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Lexaria Bioscience Corp.), Share Purchase Agreement (EPIRUS Biopharmaceuticals, Inc.), Asset Purchase Agreement

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Waiver of Conditions of Closing. If any of the conditions set forth in Section 4.1 has 6.1 have not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the Transactions transactions contemplated by this Agreement and, if any of the conditions set forth in Section 4.2 has 6.2 have not been satisfied, the Vendor may elect in writing to waive the condition and proceed with the completion of the Transactionstransactions contemplated by this Agreement. Any such waiver and election by the Purchaser or the Vendor, as the case may be, will only serve as a waiver of the that specific closing condition and the other Party which has not been able to satisfy the waived condition will have no liability with respect to the specific that specifically waived condition.

Appears in 2 contracts

Samples: Share Purchase Agreement (SolarBank Corp), Share Purchase Agreement (SolarBank Corp)

Waiver of Conditions of Closing. If any of the conditions set forth in Section 4.1 has not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the Transactions and, if any of the conditions in Section 4.2 has not been satisfied, the Vendor Vendors’ Representative may elect in writing to waive the condition and proceed with the completion of the Transactions. Any such waiver and election by the Purchaser or the VendorVendors’ Representative, as the case may be, will only serve as a waiver of the specific closing condition and the other Party or Parties, as the case may be, will have no liability with respect to the specific waived condition.

Appears in 1 contract

Samples: Share Purchase Agreement

Waiver of Conditions of Closing. If any of the conditions set forth in Section 4.1 has not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the Transactions and, if any of the conditions in Section 4.2 has not been satisfied, the Vendor may elect in writing to waive the condition and proceed with the completion of the Transactions. Any such waiver and election by the Purchaser or the Vendor, as the case may be, will only serve as a waiver of the specific closing condition and the other Party or Parties, as the case may be, will have no liability with respect to the specific waived condition.

Appears in 1 contract

Samples: Share and Unit Purchase Agreement (Kinder Morgan Canada LTD)

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Waiver of Conditions of Closing. If any of the conditions set forth in Section 4.1 has not been satisfied, the Purchaser may elect in writing to waive the condition and proceed with the completion of the Transactions and, if any of the conditions in Section 4.2 has not been satisfied, the Vendor may elect in writing to waive the condition and proceed with the completion of the Transactions. Any such waiver and election by the Purchaser or the Vendor, as the case may be, will only serve as a waiver of the specific closing condition and the other Party or Parties, as the case may be, will have no liability with respect to the specific waived condition.

Appears in 1 contract

Samples: Share Purchase Agreement

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