Right of Parties to Terminate. (a) This Agreement may be terminated by the Buyer if: (i) Any of the licenses, permits, or consents described in Sections 13.2 and 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 (ii) The Seller breaches any of its obligations under this Agreement in any material respect. (b) This Agreement may be terminated by the Seller if: (i) Any of the consents described in Section 13.3 have not been obtained on terms satisfactory to the Seller; or (ii) The Buyer breaches any of its obligations under this Agreement in any material respect.
Appears in 2 contracts
Sources: Agreement for Sale and Purchase of Business Assets (Evio, Inc.), Agreement for Sale and Purchase of Business Assets (Signal Bay, Inc.)