Common use of Conditions to Closing Termination Clause in Contracts

Conditions to Closing Termination. The respective obligations of the Seller and the Buyer to consummate the Transaction shall be subject to the fulfillment at or prior to the Closing of each of the conditions set forth below. No party hereto may rely on the failure of any condition set forth in this Section 3 if such party’s failure to comply with any provision of this Agreement was a proximate cause of such failure of condition.

Appears in 2 contracts

Sources: Share Purchase Agreement (Universal American Corp.), Share Purchase Agreement (Capital Z Partners LTD)