Common use of Withdrawal and Termination Clause in Contracts

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Famous Daves of America Inc), Standby Purchase Agreement (Accelerate Diagnostics, Inc), Form of Standby Purchase Agreement (Famous Daves of America Inc)

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Withdrawal and Termination. At any time prior to the Closing DateClosing, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the each Standby Purchaser’s paymentpayment of the Purchase Price, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 2 contracts

Samples: Standby Purchase Agreement (Swenson Nicholas John), Standby Purchase Agreement (Pro Dex Inc)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return each of the Standby Purchaser’s paymentInvestors’ payments, or portion thereof, if any, to the Standby Purchaserrespective Investor, without interest or other income, promptly thereafter.

Appears in 2 contracts

Samples: Commitment Letter (Biolase, Inc), Commitment Letter (Biolase, Inc)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s Purchasers’ payment, or portion thereof, if any, to the Standby PurchaserPurchasers, without interest or other income, promptly thereafter.

Appears in 2 contracts

Samples: Standby Purchase Agreement (Schuler Jack W), Standby Purchase Agreement (Accelerate Diagnostics, Inc)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (First National Corp /Va/)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return each of the Standby Purchaser’s payment, or portion thereof, if any, to rights and obligations under this Agreement shall terminate and the Company shall promptly return any payment previously made by such Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (RumbleOn, Inc.)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Form of Standby Purchase Agreement (Sussex Bancorp)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Equity Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Equity Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (Barc Investments LLC)

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Withdrawal and Termination. At any time prior to before the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company in which case it will return the Standby Purchaser’s payment, or portion thereof, if any, give notice in writing to the Standby PurchaserPurchasers, without interest or other income, promptly thereafterwho shall have no further obligations hereunder.

Appears in 1 contract

Samples: Standby Purchase Agreement (Sevcon, Inc.)

Withdrawal and Termination. At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or Offering, the Standby Offering, Purchaser’s rights and obligations under this Agreement will terminate and the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (DISH Network CORP)

Withdrawal and Termination. (i) At any time prior to the Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In This Agreement may be terminated by the Company in the event that the Company withdraws or terminates determines in its sole discretion that it is not in the best interests of the Company and its stockholders to proceed with the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (Black Ridge Oil & Gas, Inc.)

Withdrawal and Termination. At any time prior to the Rights Offering Closing Date, the Company may in its sole discretion withdraw or terminate the Rights Offering or the Standby Offering. In the event that the Company withdraws or terminates the Rights Offering or the Standby Offering, the Company will return the Standby Purchaser’s payment, or portion thereof, if any, to the Standby Purchaser, without interest or other income, promptly thereafter.

Appears in 1 contract

Samples: Standby Purchase Agreement (Interpace Biosciences, Inc.)

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