142 Upset Date Clause Examples for Any Agreement
The Upset Date clause establishes a specific deadline by which certain actions or conditions must be fulfilled in a contract, often relating to the completion of a transaction or the satisfaction of key obligations. In practice, this clause sets a final date for closing a deal, submitting required documents, or meeting regulatory approvals, after which the agreement may be terminated or renegotiated if the conditions are not met. Its core function is to provide certainty and a clear timeline for all parties, preventing indefinite delays and ensuring that contractual processes move forward efficiently.
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Upset Date.ÌýIf the Closing shall not have occurred by April 1, 1998.
Upset Date.ÌýIf the Closing shall not have occurred on or before December 31, 1997.
Upset Date.ÌýIf the Closing shall not have occurred on or prior to the Upset Date as extended as provided in Section 8.1(a)(3) or Section 8.1(a)(4), unless the failure of the Closing to occur was principally caused by any Buyer's or Charter's failure to act in good faith or a breach of or failure to perform any of its representations, warranties, covenants or other obligations in accordance with the terms of this Agreement.
Upset Date.ÌýIn the event that the Closing shall not have occurred on or prior to January 31, 2007 then, unless otherwise agreed to in writing by the parties hereto, this Agreement shall terminate on or following such date (as such date may be postponed pursuant hereto), upon written notice given by one party to the other, unless the absence of such occurrence shall be due to the failure or refusal of the party seeking to terminate this Agreement of the type described in Section 10.2.
Upset Date.ÌýBy either Buyer or the Selling Shareholders if the Closing has not occurred (other than through the fault of the party seeking to terminate this Agreement) on or before October 15, 1998, or such later date as the parties may agree upon.
Upset Date.ÌýIf the Closing shall not have occurred on or prior to the Upset Date, unless the failure of the Closing to occur was principally caused by Buyer's failure to act in good faith or a breach of its obligations in accordance with the terms of this Agreement.
Upset Date.ÌýIf the Closing shall not have occurred on or prior to November 14, 1998; provided, however, that Sellers shall not be entitled to terminate this Agreement pursuant to this Section 10.1(c) if (a) the Closing shall not have occurred on or prior to November 14, 1998, as a result of the intentional breach of this Agreement by Sellers or (b) the Closing has been postponed beyond November 14, 1998 pursuant to Section 9.1(a)(2), but only for such period as is required to cure the condition warranting such postponement.
Upset Date.ÌýIf the Closing shall not have occurred within eighteen (18) months of the date of this Agreement.
Upset Date.ÌýIf the Closing shall not have occurred on or prior to the Upset Date, unless the failure of the Closing to occur was principally caused by any Charter Party's failure to act in good faith or a breach of or failure to perform any of its representations, warranties, covenants or other obligations in accordance with the terms of this Agreement.
Upset Date.ÌýIf the Closing shall not have occurred by February 19, 2000.