Common use of Delay of Closing Clause in Contracts

Delay of Closing. Seller or Purchaser may terminate this Agreement by giving the other party written notice thereof if the Closing has not occurred on or before the close of business on July 31, 2000; provided that neither party shall be entitled to terminate this Agreement pursuant to this Section 7.04 if such party's breach of this Agreement has prevented the Closing.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Nematron Corp), Stock Purchase Agreement (Nematron Corp)