Termination Clause Example from Business Contracts

This example Termination clause appears in 8 contracts from 5 companies

Termination. This Agreement may be terminated at any time prior to the FPS Closing: (a) by mutual written consent of the Company and the Purchaser; or (b) automatically (i) if the IPO is not consummated on or prior to twelve months from the date of this Agreement; or (ii) if the Business Combination is not consummated within 24 months from the IPO Closing, or such later date as may be approved by the Company's shareholders in accordance with the Charter. In the event of any termination of this Agreement purs...uant to this Section 7, the FPS Purchase Price (and interest thereon, if any), if previously paid, and all Purchaser's funds paid in connection herewith shall be promptly returned to the Purchaser in accordance with written instructions provided by the Purchaser to the Company, and thereafter this Agreement shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or the Company and their respective directors, officers, employees, partners, managers, members, or shareholders and all rights and obligations of each party shall cease; provided, however, that nothing contained in this Section 7 shall relieve either party from liabilities or damages arising out of any fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained in this Agreement. Section 4(a) shall survive termination of this Agreement. View More
Found in CC Neuberger Principal Holdings II contract
CC Neuberger Principal Holdings II Contracts

Form of Forward Purchase Agreement (Filed With SEC on July 24, 2020)

Forward Purchase Agreement, dated August 4, 2020, between the Company and Neuberger Berman Opportunistic Capital Solutions Master Fund LP (Filed With SEC on August 4, 2020)

CC Neuberger Principal Holdings I Contracts

Forward Purchase Agreement between CCNB1 and NBOKS (Filed With SEC on November 9, 2020)

CC Neuberger Principal Holdings III Contracts

Form of Forward Purchase Agreement (Filed With SEC on January 26, 2021)

Forward Purchase Agreement between the Company and Neuberger Berman Opportunistic Capital Solutions Master Fund LP (Filed With SEC on February 5, 2021)

SKYDECK ACQUISITION CORP. Contracts

Form of Forward Purchase Agreement between the Registrant and the Sponsor (Filed With SEC on April 9, 2021)

Forward Purchase Agreement, dated as of May 18, 2021, between the Company and the Sponsor (Filed With SEC on May 24, 2021)

Venice Brands Acquisition Corp. I Contracts

Form of Forward Purchase Agreement (Filed With SEC on June 2, 2021)