Examples of Drop Dead Date in a sentence
In the event that the Public Financing Conditions are not met or waived on or prior to June 1, 2021 (the "Drop Dead Date"), then either party hereto shall have the right to terminate this Agreement, but such failure shall not be an event of default hereunder.
If in the Authority's reasonable opinion, the Research has not effectively commenced by the Drop Dead Date or by such other date as the Parties may agree in writing, the Authority may withdraw the Award and/or any offer of funding and this Contract will terminate.
In the event that the transactions contemplated under this Agreement have not closed on or before the Drop Dead Date, any one or more of Blox, BCP or the BCP Shareholders may terminate this Agreement by notice in writing to the other parties to this Agreement and this Agreement shall be of no further force and effect.
This Agreement may be terminated at any time prior to the Closing by Buyer by written notice to Seller if neither Buyer nor CNOTP is then in material breach of any provision of this Agreement and there has been a material breach or failure to perform any covenant or agreement made by Seller pursuant to this Agreement that would give rise to the failure of any of the conditions specified in Articles X or XI and such breach, inaccuracy or failure cannot be cured by Seller by the Drop Dead Date.
If KDOT does not agree to renew the Option Agreement with the UG or with Developer by the Drop Dead Date, either party may terminate this Agreement as provided in subsection (e) below.