Termination due to delay. This Agreement may be terminated by either the Company or Parent if the Closing is not consummated by the Termination Date (provided that the right to terminate this Agreement under this Section 7.2 will 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).
Appears in 2 contracts
Sources: Merger Agreement (Aftermarket Enterprises, Inc.), Merger Agreement (Penge Corp)