Common use of Conditions Precedent not met Clause in Contracts

Conditions Precedent not met. In the event that any of the requirements under Sections 3.1 through 3.5 have not been satisfied by December 29, 2000, then either party may terminate this Agreement and the Loan Documents by providing written notice of termination. Upon delivery of written notice, this Agreement and the Loan Documents shall automatically terminate and become null and void. In such event, each party shall bear their own costs and expenses and have no further obligation whatsover to the other party.

Conditions Precedent not met. In the event that any of the requirements under Sections 3.1 through 3.5 have not been satisfied by December 29January 12, 20002001, then either party may terminate this Agreement and the Loan Documents by providing written notice of termination. Upon delivery of written notice, this Agreement and the Loan Documents shall automatically terminate and become null and void. In such event, each party shall bear their own costs and expenses and have no further obligation whatsover whatsoever to the other party.