Termination Clause Example with 19 Variations from Business Contracts

This page contains Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer to any other party; provided, however, (i) the right to terminate this Agreement under this Section 8 shall not be available to such Buyer if the failure of the transactions contem...plated by this Agreement to have been consummated by such date is the result of such Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in EDISON NATION, INC. contract

Variations of a "Termination" Clause from Business Contracts

Termination. In the event that the Closing shall not have occurred with respect to a Buyer the Investor within five (5) days of the date hereof, then such Buyer the Investor shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer the Investor to any other party; provided, however, (i) the right to terminate this Agreement under this Section 8 6 shall not be available to such Buyer ...the Investor if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's the Investor's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. Agreement. Nothing contained in this Section 8 6 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Precipio, Inc. contract
Termination. In the event that the First Closing shall not have occurred with respect to a Buyer Purchaser within five (5) three (3) business days of after the date First Closing Date contemplated in Section 1(b) hereof, then either the Company or such Buyer Purchaser, by written notice, shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer any party to any other party; provided,... however, (i) the right to terminate this Agreement under this Section 8 7 shall not be available to such Buyer any party if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's party's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants Securities shall be applicable only to such Buyer Purchaser providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. notice. Nothing contained in this Section 8 7 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Summit Wireless Technologies, Inc. contract
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) ten (10) days of after the date hereof, then such Buyer the Investor shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer the Investor to any other party; provided, however, (i) the right to terminate its obligations under this Agreement under pursuant to this Section 8 sha...ll not be available to such Buyer the Investor if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's the Investor's breach of this Agreement Agreement; and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided provided, further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer the Investor for the expenses 35 described in Section 4(g) above. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Dolphin Entertainment, Inc. contract
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) ten (10) days of after the date hereof, then such Buyer the Investor shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer the Investor to any other party; provided, however, (i) the right to terminate its obligations under this Agreement under pursuant to this Section 8 sha...ll not be available to such Buyer the Investor if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's the Investor's breach of this Agreement Agreement; and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided provided, further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer the Investor for the expenses described in Section 4(g) above. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in 2 Contracts from Dolphin Entertainment, Inc.
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after for a breach by the close Company of business on such date the terms and provisions of this Agreement without liability of such Buyer to any other party; provided, however, (i) the right to terminate this Agreement under this Section 8 7 shall not... be available to such Buyer if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants New Warrant shall be applicable only to such if Buyer providing provides such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. notice. Nothing contained in this Section 8 7 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. Agreement. View More
Found in Cerecor Inc. contract
Termination. (a) In the event that the First Closing shall not have occurred with respect to a Buyer within five (5) days of on or prior to March 22, 2023 (such date, as may be extended as provided herein, the date hereof, "Termination Date"), then such Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time until 11:59 pm on or after the close of business on such date that is five days following the Termination Date without liability of such Buyer to a...ny other party; party (the "Termination Window"); provided that if such Buyer does not terminate this Agreement within the Termination Window, the Termination Date shall be deemed automatically extended for subsequent thirty-day periods, in each case, (i) 22 beginning at the end of the then-applicable Termination Window and (ii) subject to a subsequent Termination Window at the end of such extended Termination Date; provided, however, (i) the right to terminate this Agreement under this Section 8 shall not be available to such Buyer if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants Convertible Debentures shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described herein. (b) The Company shall have the right to terminate this Agreement at any time prior to the occurrence of the First Closing for any reason in its sole discretion, by paying to the Buyers (pro-rata based on the percentage of the total Subscription Amount of Convertible Debentures to be issued hereunder that is committed by such Buyer as set forth on Schedule I) an aggregate amount in cash equal to $1,600,000. (c) This Agreement will terminate automatically, with no further action required by the parties, upon the termination of the Business Combination Agreement. For the avoidance of doubt, the $1,600,000 payable by the Company pursuant to Section 4(g) above. 8(b) above will not be payable if this Agreement terminates automatically in accordance with this Section 8(c). (d) Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in NIOCORP DEVELOPMENTS LTD contract
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such the Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such the Buyer to any other party; the Company; provided, however, (i) the right to terminate this Agreement under this Section 8 shall not be available to such the Buyer if the failure o...f the transactions contemplated by this Agreement to have been consummated by such date is the result of such the Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. Agreement. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Cyclacel Pharmaceuticals, Inc. contract
Termination. In the event that the First Closing shall not have occurred with respect to a Buyer within five (5) ten (10) days of the date hereof, then such Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer to any other party; provided, however, (i) the right to terminate this Agreement under this Section 8 shall not be available to such Buyer if the failure of the tran...sactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants Convertible Debentures shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. notice. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Founder SPAC contract
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such the Buyer shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such the Buyer to any other party; the Company; provided, however, (i) the right to terminate this Agreement under this Section 8 shall not be available to such the Buyer if the failure o...f the transactions contemplated by this Agreement to have been consummated by such date is the result of such the Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, Agreement, provided further that no such termination shall affect any obligation of the Company under this 44 Agreement to reimburse such the Buyer for the expenses described in Section 4(g) above. Nothing contained in this Section 8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in Trovagene, Inc. contract
Termination. In the event that the Closing shall not have occurred with respect to a Buyer within five (5) days of the date hereof, then such each Buyer (with the Consent of the Lead Buyer) shall have the right to terminate its obligations under this Agreement with respect to itself at any time on or after the close of business on such date without liability of such Buyer to any other party; the Company; provided, however, (i) the right to terminate this Agreement under this Section 8 ‎8 shall not be availab...le to such a Buyer if the failure of the transactions contemplated by this Agreement to have been consummated by such date is the result of such Buyer's breach of this Agreement and (ii) the abandonment of the sale and purchase of the Notes and the Warrants shall be applicable only to such Buyer providing such written notice, provided further that no such termination shall affect any obligation of the Company under this Agreement to reimburse such Buyer for the expenses described in Section 4(g) above. Agreement. Nothing contained in this Section 8 ‎8 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. View More
Found in VistaGen Therapeutics, Inc. contract
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