Due Diligence Determinations. Buyer shall have forty-five (45) days from the Effective Date within which to conduct its due diligence. Thereafter, Buyer shall have fifteen (15) Business Days within which to terminate this Agreement in its sole discretion by delivering notice of its termination as provided in Section 11.02; otherwise, Buyer and Seller shall proceed to Closing as set forth in Article IX. Upon a termination of this Agreement under Section 3.02, Seller and Buyer shall have no liability and no further obligation to each other under this Agreement.
Appears in 2 contracts
Sources: Utility Asset Purchase Agreement, Utility Asset Purchase Agreement