Common use of Lapse of Time Clause in Contracts

Lapse of Time. by Buyer by written notice to Sellers’ Representative, on the one hand, or by Sellers’ Representative by written notice to Buyer, on the other hand, at any time after 5:00 p.m., New York City time, at any time after the date that is 180 days after the date of this Agreement if the Closing has not occurred by then (unless due to a material breach of this Agreement by Buyer, if Buyer is seeking to terminate, or by Company or a Selling Party, if the Seller’s Representative is seeking to terminate), unless this date is extended by the mutual written consent of Buyer and Sellers’ Representative;

Lapse of Time. by Buyer by written notice to the Sellers’ Representative, on the one hand, or by the Sellers’ Representative by written notice to Buyer, on the other hand, at any time after 5:00 p.m., New York City time, at any time after the date that is 180 150 days after the date of this Agreement if the Closing has not occurred by then (unless due to a material breach of this Agreement by Buyer, if Buyer is seeking to terminate, or by Company a Member, Company, VAM Sub or a Selling Party, if the Seller’s Sellers’ Representative is seeking to terminate), unless this date is extended by the mutual written consent of Buyer and the Sellers’ Representative;