Termination for Non-Performance. This Agreement may be terminated by either party hereto if the other party fails or refuses to close the purchase and sale of the Aircraft in accordance with the terms and conditions of this Agreement on the Closing Date, so long as the terminating party is not otherwise in default with respect to any of its obligations pursuant to this Agreement.
Appears in 2 contracts
Sources: Aircraft Purchase Agreement, Aircraft Purchase Agreement (Pharmaceutical Product Development Inc)
Termination for Non-Performance. This Agreement agreement may be terminated by either party hereto if the other party fails or refuses to close the purchase and sale of the Aircraft aircraft in accordance with the the terms and conditions of this Agreement on closing date until the Closing Dateparty has ceased its activities, so long as the terminating party is otherwise not otherwise in by default with respect to any of its obligations pursuant to this under the Agreement.. 8.2
Appears in 1 contract
Sources: Aircraft Purchase Agreement