Termination Clause Example with 5 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. The obligations of the Placement Agent and the Purchasers hereunder and under the Subscription Agreements may be terminated by the Placement Agent, in its absolute discretion by notice given to the Company prior to delivery of and payment for the Units if, prior to that time, any of the events described in Section 6(c) have occurred or if the Purchasers shall decline to purchase the Units for any reason permitted under this Agreement or the Subscription Agreements. The Company hereby acknowledge...s that in the event that this Agreement is terminated by the Placement Agent pursuant to the terms hereof, the Subscription Agreements shall automatically terminate without any further action on the part of the parties thereto. View More
Found in XOMA Corp contract

Variations of a "Termination" Clause from Business Contracts

Termination. The obligations of the Placement Agent and the Purchasers Agents hereunder and under the Subscription Agreements may be terminated by the Placement Agent, Representative, in its absolute discretion by notice given to the Company prior to delivery of and payment for the Units Securities if, prior to that time, any of the events described in Section 6(c) Sections 6(l), 6(m), or 6(n) have occurred or if the Purchasers shall decline to purchase the Units for any reason permitted under this Agreement... or the Subscription Agreements. The Company hereby acknowledges that Securities Purchase Agreement. 26 9. REIMBURSEMENT OF PLACEMENT AGENTS' EXPENSES. Notwithstanding anything to the contrary in the event that this Agreement, if (a) this Agreement shall have been terminated pursuant to Section 8, (b) the Company shall fail to tender the Units for delivery to the Purchasers for any reason not permitted under this Agreement, (c) the Purchasers shall decline to purchase the Units for any reason permitted under this Agreement or (d) the sale of the Units is terminated by not consummated because any condition to the obligations of the Placement Agent pursuant to Agents set forth herein is not satisfied or because of the terms hereof, the Subscription Agreements shall automatically terminate without any further action refusal, inability or failure on the part of the parties thereto. Company to perform any agreement herein or to satisfy any condition or to comply with the provisions hereof, then, in addition to the payment of out-of-pocket expenses in accordance with Section 5, the Company shall reimburse the Placement Agents for the fees and expenses of the Placement Agents' counsel and for such other accountable out-of-pocket expenses as shall have been reasonably incurred by them in connection with this Agreement and the proposed purchase of the Shares, and upon demand the Company shall pay the full amount thereof to the Representative on behalf of the Placement Agents. View More
Found in CYTORI THERAPEUTICS, INC. contract
Termination. The obligations of the Placement Agent and the Purchasers hereunder and under the Subscription Agreements may be terminated by the Placement Agent, in its absolute discretion Agent by notice given to and received by the Company prior to delivery of and payment for the Units Shares if, prior to that time, any of the events described in Section 6(c) 7(i) shall have occurred or if the Purchasers shall decline to purchase the Units Shares for any reason permitted under this Agreement or the Subscrip...tion Agreements. The Company hereby acknowledges that in the event that this Agreement is terminated by the Placement Agent pursuant to the terms hereof, the Subscription Agreements shall automatically terminate without any further action on the part of the parties thereto. Agreement. View More
Found in Avenue Financial Holdings, Inc. contract
Termination. The obligations of the Placement Agent and the Purchasers hereunder and under the Subscription Agreements may be terminated by the Placement Agent, in its absolute discretion by notice given to the Company prior to delivery of and payment for the Units Notes if, prior to that time, any of the events described in Section 6(c) 7 have occurred or if the Purchasers shall decline to purchase the Units Notes for any reason permitted under this Agreement or the Subscription Agreements. The Company here...by acknowledges that in the event that this Agreement is terminated by the Placement Agent pursuant to the terms hereof, the Subscription Agreements shall automatically terminate without any further action on the part of the parties thereto. View More
Found in CADIZ INC contract
Termination. The obligations of the Placement Agent Agents and the Purchasers hereunder and under the Subscription Agreements may be terminated by the Placement Agent, Representative, in its absolute discretion by notice given to the Company prior to delivery of and payment for the Units Stock if, prior to that time, any of the events described in Section 6(c) Sections 7(i) and 7(k) have occurred or if the Purchasers shall decline to purchase the Units Stock for any reason permitted under this Agreement or t...he Subscription Agreements. The Company hereby acknowledges that in the event that this Agreement is terminated by the Placement Agent Representative pursuant to the terms hereof, the Subscription Agreements shall automatically terminate without any further action on the part of the parties thereto. 27 10. REIMBURSEMENT OF PLACEMENT AGENTS' EXPENSES. Notwithstanding anything to the contrary in this Agreement, if (a) this Agreement shall have been terminated pursuant to Sections 9, (b) the Company shall fail to tender the Stock for delivery to the Purchasers for any reason not permitted under this Agreement or the Subscription Agreements, (c) the Purchasers shall decline to purchase the Stock for any reason permitted under this Agreement or the Subscription Agreements or (d) the sale of the Stock is not consummated because any condition to the obligations of the Placement Agents or the Purchasers set forth herein is not satisfied or because of the refusal, inability or failure on the part of the Company to perform any agreement herein or to satisfy any condition or to comply with the provisions hereof, then in addition to the payment of amounts in accordance with Section 6, the Company shall reimburse the Placement Agents for the fees and expenses of Placement Agents' counsel and for such other out-of-pocket expenses as shall have been reasonably incurred by it in connection with this Agreement and the proposed purchase of the Stock, including, without limitation, travel and lodging expenses of the Placement Agents, and upon demand the Company shall pay the full amount thereof to the Representative; provided that in no event shall the Company be obligated to reimburse the Underwriters pursuant to clauses (a), (c) or (d) in an amount in excess of $25,000 in the aggregate. View More
Found in Cascadian Therapeutics, Inc. contract
Termination. The obligations of the Placement Agent and the Purchasers hereunder and under the Subscription Agreements Agreements, respectively, may be terminated by the Placement Agent, in its absolute discretion by notice given to the Company prior to delivery of and payment for the Units Shares if, prior to that time, any of the events described in Section 6(c) Sections 7(i), 7(j), and 7(k) have occurred or if all of the Purchasers shall decline to purchase the Units Shares for any reason permitted under ...this Agreement or the Subscription Agreements. The Company hereby acknowledges that in the event that this Agreement is terminated by the Placement Agent pursuant to the terms hereof, the Subscription Agreements shall automatically terminate without any further action on the part of the parties thereto. View More
Found in BG Staffing, Inc. contract