Buyer’s Election. Buyer must elect one of the following options and give written notice to Seller of such election within (i) fifteen (15) days after the insurance adjuster's written determination in the case of a Casualty, or (ii) thirty (30) days after Buyer's receipt of Seller's notice of Condemnation in the case of a Condemnation: (a) Purchase the Terminals in accordance with Article IV of this Agreement at an adjusted Purchase Price agreed upon by Buyer and Seller before Buyer makes this election; or (b) Terminate this Agreement.
Appears in 3 contracts
Samples: Terminals Sale and Purchase Agreement, Terminals Sale and Purchase Agreement (Global Partners Lp), Terminal Purchase and Sales Agreement (Buckeye Partners L P)
Buyer’s Election. Buyer must elect one of the following options and give written notice to Seller of such election within (i) fifteen (15) days after the insurance adjuster's written determination in the case of a Casualty, or (ii) thirty (30) days after Buyer's receipt of Seller's notice of Condemnation in the case of a Condemnation:
(a) Purchase the Terminals Terminal in accordance with Article IV of this Agreement Appendix at an adjusted Purchase Price purchase price agreed upon by Buyer and Seller before Buyer makes this election; or
(b) Terminate this Agreementthe Pipeline Purchase and Sale Agreement in accordance with the terms thereof.
Appears in 1 contract
Buyer’s Election. Buyer must elect one of the following options and give written notice to Seller of such election within (i) fifteen (15) days after the insurance adjuster's written determination in the case of a Casualty, or (ii) thirty (30) days after Buyer's receipt of Seller's notice of Condemnation in the case of a Condemnation:
(a) Purchase the Terminals Terminal in accordance with Article IV of this Agreement at an adjusted Purchase Price agreed upon by Buyer and Seller before Buyer makes this election; or
(b) Terminate this Agreement.
Appears in 1 contract
Samples: Terminal Purchase and Sales Agreement (Buckeye Partners L P)
Buyer’s Election. Buyer must elect one of the following options and give written notice to Seller of such election within (i) fifteen (15) days after the insurance adjuster's ’s written determination in the case of a Casualty, or (ii) thirty (30) days after Buyer's ’s receipt of Seller's ’s notice of Condemnation in the case of a Condemnation:
(a) Purchase the Terminals in accordance with Article IV of this Agreement at an adjusted Purchase Price agreed upon by Buyer and Seller before Buyer makes this election; or
(b) Terminate this Agreement.
Appears in 1 contract
Samples: Terminals Sale and Purchase Agreement (Global Partners Lp)
