Common use of Termination by Any of the Parties Clause in Contracts

Termination by Any of the Parties. This Agreement may be terminated (upon written notice from the terminating Party to the other Parties) and the transactions contemplated hereby may be abandoned by action of any Party, if (i) the Closing shall not have been consummated by March 23, 2001 (provided that the right to terminate this Agreement under this clause shall not be available to any Party whose failure to fulfill 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) or (ii) any Governmental Entity shall have issued a Law or Order permanently restraining, enjoining or otherwise prohibiting the transactions contemplated hereby and such Law or Order shall have become final and nonappealable.