Common use of Right of Parties to Terminate Clause in Contracts

Right of Parties to Terminate. 18.1.1 This Agreement may be terminated by the Buyer if: (a) Any of the licenses, permits, or consents described in Sections 11.2 and 11.3 have been denied, not permitted to go into effect, or obtained on terms not reasonably satisfactory to the Buyer and all reasonable final appeals have been exhausted; or (b) The Seller breaches any of its obligations under this Agreement in any material respect. 18.1.2 This Agreement may be terminated by the Seller if: (a) Any of the consents described in Section 11.3 have not been obtained on terms satisfactory to the Seller; or (b) The Buyer breaches any of its obligations under this Agreement in any material respect. 18.1.3 This Agreement may be terminated by either the Seller or the Buyer, by written notice to the other party, if the Closing fails to occur on or before November 30, 2009; however, the right to terminate this Agreement under this Section 18.1.3 will not be available to any party whose failure to fulfill or perform any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date.

Right of Parties to Terminate. 18.1.1 21.1.1 This Agreement may be terminated by the Buyer at any time prior to Closing if: (a) Any of the licenses, permits, or consents described in Sections 11.2 13.2 and 11.3 13.3 have been denied, not permitted to go into effect, or obtained on terms not reasonably satisfactory to the Buyer and all reasonable final appeals have been exhausted; or (b) The Seller breaches any of its obligations under this Agreement in any material respect. 18.1.2 21.1.2 This Agreement may be terminated by the Seller at any time prior to Closing if: (a) Any of the consents described in Section 11.3 13.3 have not been obtained on terms satisfactory to the Seller; or (b) The Buyer breaches any of its obligations under this Agreement in any material respect. 18.1.3 21.1.3 This Agreement may be terminated by either the Seller or the Buyer, by written notice to the other party, if the Closing fails to occur on or before November 30April 6, 2009; however, the right to terminate this Agreement under this Section 18.1.3 21.1.3 will not be available to any party whose failure to fulfill or perform any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date. 21.1.4 This Agreement may be terminated and rescinded as provided in Section 5.2 and Section 5.3 if certain post-closing conditions are not timely satisfied.