Examples of Purchaser Termination Event in a sentence
Following the occurrence of a Seller Termination Event or Purchaser Termination Event, the Terminating Party may, by written notice to the other party, waive such Termination Event.
If the Closing does not occur on or before the Outside Closing Date (as defined in Section 16) for any reason other than a Permissible Purchaser Termination Event, the Escrow Company shall immediately release the Deposit to Seller on the Outside Closing Date without any further instruction or confirmation by Seller or Purchaser.
If a Change of Control or Purchaser Termination Event occurs and Xxxx.xxx exercises its Repurchase Option with respect to the Repurchase Amount, the purchase price for each share of Stock will be $3.91 per share (i.e,.the purchase price paid per share of Stock by Purchaser pursuant to this Purchase Agreement).
The costs of appointing a third-party to perform the Administrative and Collection Functions and any costs, fees or expenses related to such party’s performance of the Administrative and Collection Functions, to the extent that such replacement does not occur following a Purchaser Termination Event or a Triggering Event of the type described in clauses (c) or (d) above, shall be paid by the Purchaser, and otherwise shall be paid by the Seller.
A Purchaser Termination Event means the consummation of any Alternative Transaction including a sale of all or a substantial portion of the Purchased Assets by a Competing Bid from a party other than the Purchaser, or the confirmation of any Chapter 11 Plan, within 180 days of the execution of this Agreement.