Termination Clause Example from Business Contracts

Termination. In the event that the Closing shall not have occurred with respect to a Buyer on or before five (5) business days following the date hereof due to the Company's or such Buyer's failure to satisfy the conditions set forth in Sections 5 and 6 above (and the nonbreaching party's failure to waive such unsatisfied condition(s)), the nonbreaching party shall have the option to terminate this Agreement with respect to such breaching party at the close of business on such date by delivering a written no...tice to that effect to each other party to this Agreement and without liability of any party to any other party. None of the Parties may rely, as a basis for terminating this Agreement or not consummating the transactions contemplated hereby, on the failure of any condition set forth in Section 5 or Section 6, as the case may be, to be satisfied, if such failure was caused by such party's failure to perform any of its obligations under this Agreement. View More