Common use of Breach by Buyer Clause in Contracts

Breach by Buyer. By Seller in the event of a material breach of this Agreement by Buyer such that if the Closing Date were the date of determination of such breach, the condition in Section 7.1 would not be satisfied; provided that if such Buyer’s breach is capable of being cured prior to all other applicable conditions to Closing being met and Buyer is diligently seeking to cure such breach, such termination by Seller shall be effective only when such other conditions are met and Seller’s breach has not been cured;

Appears in 3 contracts

Samples: Asset Purchase Agreement (Lbi Media Holdings Inc), Asset Purchase Agreement (Lbi Media Holdings Inc), Asset Purchase Agreement (Lbi Media Holdings Inc)

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Breach by Buyer. By Seller (i) in the event of a material breach of this Agreement by Buyer such that if the Closing Date were the date of determination of such breach, the condition in Section 7.1 would not be satisfied; provided that if such Buyer’s breach is capable of being cured prior to all other applicable conditions to Closing being met and Buyer is diligently seeking to cure such breach, such termination by Seller shall be effective only when such other conditions are met and Seller’s breach has not been cured;; or (ii) in the event of termination of the TBA due to the breach thereof or default thereunder by Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lbi Media Holdings Inc)

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