Common use of Termination and Effect Clause in Contracts

Termination and Effect. (a) In the event the Issuer is unable, after using its best efforts, to satisfy the conditions herein to the completion of the Closing (unless waived by the Purchaser) by the time such completion is required, then this Agreement shall terminate, and neither the Issuer nor the Purchaser shall have any further obligation or liability to, or any rights against, the other. (b) If the Closing shall have occurred, in the event the Issuer is unable, after using its best efforts, to satisfy the conditions herein to the completion of each Settlement (unless waived by the Purchaser) by the time such completion is required, or is otherwise unable, after using its best efforts, to satisfy the conditions to the obligation of the Purchaser to purchase, accept delivery of and pay for the Bonds as set forth in this Agreement (unless waived by the Purchaser) by the time such completion is required, then this Agreement shall terminate, and neither the Issuer nor the Purchaser shall have any further obligation or liability to, or any rights against, the other except as otherwise provided in this Agreement. (c) In the event the Purchaser fails to purchase, accept delivery of and pay for the Bonds as provided herein for a reason permitted hereunder, then this Agreement shall terminate, and neither the Purchaser nor the Issuer shall have any further obligation or liability to, or rights against, the other except as otherwise provided in this Agreement. (d) In the event the Purchaser terminates this Agreement as permitted in Section 3.4 hereof, then this Agreement shall terminate, and neither the Purchaser nor the Issuer shall have any further obligation or liability to, or rights against, the other. (e) Notwithstanding the foregoing, the provisions of Section 6.2 hereof and Articles IV and V hereof shall survive any termination of this Agreement

Termination and Effect. (a) In the event the Issuer is unable, after using its best efforts, to satisfy the conditions herein to the completion of the Closing (unless waived by the PurchaserBank) by the time such completion is required, then this Agreement shall terminate, and neither the Issuer nor the Purchaser Bank shall have any further obligation or liability to, or any rights against, the other. (b) If the Closing shall have occurred, in the event the Issuer is unable, after using its best efforts, to satisfy the conditions herein to the completion of each Settlement (unless waived by the PurchaserBank) by the time such completion is required, required or is otherwise unable, after using its best efforts, to satisfy the conditions to the obligation of the Purchaser Bank to purchase, accept delivery of and pay for the Bonds Note as set forth in this Agreement (unless waived by the PurchaserBank) by the time such completion is required, then this Agreement shall terminate, and neither the Issuer nor the Purchaser Bank shall have any further obligation or liability to, or any rights against, the other except as otherwise provided in this Agreement. (c) In the event the Purchaser Bank fails to purchase, accept delivery of and pay for the Bonds Note as provided herein for a reason permitted hereunder, then this Agreement shall terminate, and neither the Purchaser Bank nor the Issuer shall have any further obligation or liability to, or rights against, the other except as otherwise provided in this Agreement. (d) In the event the Purchaser Bank terminates this Agreement as permitted in Section 3.4 hereof, then this Agreement shall terminate, and neither the Purchaser nor the Issuer shall have any further obligation or liability to, or rights against, the other.Section (e) Notwithstanding the foregoing, the provisions of Section 6.2 hereof and Articles IV and V hereof shall survive any termination of this Agreement.