Termination
Termination on Notice. Either party may terminate this agreement for any reason on [TERMINATION NOTICE BUSINESS DAYS] Business Days’ notice to the other party.
Termination for Material Breach. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
there is a material breach, inaccuracy in, or failure to perform of any of the other party's representations, warranties, covenants, or obligations,
the breach, inaccuracy, or failure to perform continues for a period of [BREACH CONTINUATION DAYS] Business Days' after the injured party delivers notice to the breaching party reasonably detailing the breach, and
the injured party is not in breach of this agreement itself.
Termination for Failure of Conditions. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if either
any of the conditions precedent listed in [CONDITIONS ON OBLIGATIONS OF ALL PARTIES] have not been, or it becomes apparent that any such conditions will not be, fulfilled by the Outside Date, and either
such non-fulfillment was not due to the failure of the injured party to perform or comply with any of its representations, warranties, covenants, or conditions, or
any of the conditions specifically applicable to the other party have not have been, or it becomes apparent that any such conditions will not be, fulfilled by the outside date.
Termination for Insolvency. Either party may terminate this agreement with immediate effect on the other party's insolvency, bankruptcy, receivership, dissolution, or liquidation.
Termination for Law or Order. Either party may terminate this agreement with immediate effect if
there is or becomes any Law that makes effecting this agreement illegal or otherwise prohibited, or
any Governmental Authority issues an Order restraining or enjoining the transactions under this agreement.
Termination for Superior Proposal. [PARTY B] may terminate this agreement to enter into a definitive agreement relating to a Superior Proposal under section [NON-SOLICITATION AND ALTERNATIVE PROPOSALS], provided that [PARTY has paid the relevant termination fees listed in section [TERMINATION].
Termination for Failure to Become Effective. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
the Merger does not become effective by the Outside Date, and
such failure was not due to the failure of the party attempting to terminate to perform or comply with any of its representations, warranties, covenants, or conditions.
Termination for Lack of Shareholder Approval. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
the [PARTY B] Shareholder Approval is not obtained by the Outside Date, and
the failure to obtain the [PARTY B] Shareholder Approval was not due to the failure of the party attempting to terminate to perform or comply with any of its representations, warranties, covenants, or conditions.
Termination
Termination on Notice. Either party may terminate this agreement for any reason on [TERMINATION NOTICE BUSINESS DAYS] Business Days’ notice to the other party.
Termination for Material Breach. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
there is a material breach, inaccuracy in, or failure to perform of any of the other party's representations, warranties, covenants, or obligations,
the breach, inaccuracy, or failure to perform continues for a period of [BREACH CONTINUATION DAYS] Business Days' after the injured party delivers notice to the breaching party reasonably detailing the breach, and
the injured party is not in breach of this agreement itself.
Termination for Failure of Conditions. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if either
any of the conditions precedent listed in [CONDITIONS ON OBLIGATIONS OF ALL PARTIES] have not been, or it becomes apparent that any such conditions will not be, fulfilled by the Outside Date, and either
such non-fulfillment was not due to the failure of the injured party to perform or comply with any of its representations, warranties, covenants, or conditions, or
any of the conditions specifically applicable to the other party have not have been, or it becomes apparent that any such conditions will not be, fulfilled by the outside date.
Termination for Insolvency. Either party may terminate this agreement with immediate effect on the other party's insolvency, bankruptcy, receivership, dissolution, or liquidation.
Termination for Law or Order. Either party may terminate this agreement with immediate effect if
there is or becomes any Law that makes effecting this agreement illegal or otherwise prohibited, or
any Governmental Authority issues an Order restraining or enjoining the transactions under this agreement.
Termination for Superior Proposal. [PARTY B] may terminate this agreement to enter into a definitive agreement relating to a Superior Proposal under section [NON-SOLICITATION AND ALTERNATIVE PROPOSALS], provided that [PARTY has paid the relevant termination fees listed in section [TERMINATION].
Termination for Failure to Become Effective. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
the Merger does not become effective by the Outside Date, and
such failure was not due to the failure of the party attempting to terminate to perform or comply with any of its representations, warranties, covenants, or conditions.
Termination for Lack of Shareholder Approval. Either party may terminate this agreement with immediate effect by delivering notice of the termination to the other party, if
the [PARTY B] Shareholder Approval is not obtained by the Outside Date, and
the failure to obtain the [PARTY B] Shareholder Approval was not due to the failure of the party attempting to terminate to perform or comply with any of its representations, warranties, covenants, or conditions.