Terminating Party definition
Examples of Terminating Party in a sentence
After delivering a Termination Notice, provided the Breaching Party is proceeding diligently to cure such matter and such matter is capable of being cured prior to the Outside Date, the Terminating Party may not exercise such termination right until the earlier of (a) the Outside Date, and (b) the date that is twenty (20) Business Days following receipt of such Termination Notice by the Breaching Party, if such matter has not been cured by such date.
If the Terminating Party delivers a Termination Notice prior to the date of the Target Meeting, unless the Parties mutually agree otherwise, the Target shall postpone or adjourn the Target Meeting to the earlier of (a) ten (10) Business Days prior to the Outside Date, and (b) the date that is ten (10) Business Days following receipt of such Termination Notice by the Breaching Party.