Common use of Withdrawal Right Clause in Contracts

Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) the Transaction Documents, whenever any Buyer exercises a right, election, demand or option under a Transaction Document and any BC Entity does not timely perform its related obligations within the periods therein provided, then such Buyer may rescind or withdraw, in its sole discretion from time to time upon written notice to such applicable BC Entity, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

Appears in 10 contracts

Sources: Securities Purchase Agreement (Channel Therapeutics Corp), Securities Purchase Agreement (Fold Holdings, Inc.), Securities Purchase Agreement (Class Over Inc. / DE)