Common use of Adverse Legal Determination Clause in Contracts

Adverse Legal Determination. (i) If, as of the Delivery Date, Seller is unable to Deliver Product due solely to an Adverse Legal Determination, or Buyer is unable to receive Product due solely to an Adverse Legal Determination, then Seller’s Delivery obligations, and Buyer’s obligations to purchase and receive, with respect to each Affected Transaction shall be postponed until the Longstop Date; provided that Buyer, at its sole option, has the right, but not the obligation, to purchase and receive such Product prior to the Longstop Date.

Appears in 4 contracts

Samples: Offset Credit Purchase Agreement, Offset Credit Purchase Agreement, Offset Credit Purchase Agreement

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