Buyer’s Rights. Do you know your rights when buying a property?
Buyer’s Rights. If the Seller breaches a condition of this Agreement and fails to remedy that breach within a reasonable time after receiving written notice from the Buyer, then the Buyer may terminate this Agreement by notice in writing to the Seller.
Buyer’s Rights a) The Buyer reserves the right to enter the Suppliers premises and inspect all or any part of the contracted work, including sub-contracted work.
b) The Buyer reserves the right to suspend the Contract, at no cost or liability to the Buyer, where the reason for doing so is beyond the reasonable control of the Buyer.
Buyer’s Rights. Subject to Section 5.5(b), Buyer shall be entitled to all such rights relating to any improvement or invention relating to Seller’s or any of Seller’s Affiliate’s proprietary technology, know-how or rights relating exclusively to the Products or the Manufacture thereof, and Seller shall assign, and cause its Affiliates to assign, in each case free of charge, such rights to Buyer and assist Buyer in securing any patent or other intellectual property right relating thereto at Buyer’s sole expense.
Buyer’s Rights. Subject to clause 12.2(b), if this Contract is terminated the Buyer:
a. will only be liable to pay Charges that were due for Goods delivered before the effective date of termination, and
b. may recover from the Supplier or set off against sums due to the Supplier, any Charges paid in advance for Goods that have not been provided.
Buyer’s Rights. Anything in this Article 8 to the contrary notwithstanding, (i) if there is a reasonable probability that a Claim may materially and adversely affect the Seller Indemnified Party other than as a result of money damages or other money payments, the Seller Indemnified Party shall have the right to defend, compromise or settle such Claim, and (ii) the Buyer shall not, without the written consent of the Seller Indemnified Party, settle or compromise any Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Seller Indemnified Party of a release from all Liability in respect of such Claim.
Buyer’s Rights. Buyer, at its option, shall have the right by notice to Seller, in addition to any other remedy available by law, in equity or pursuant to this Supply Agreement (including but not limited to the right to an injunction, specific performance and damages) to terminate Buyer's obligation to purchase Products from Seller, and any other future right of Seller pursuant to this Supply Agreement, if (i) Seller defaults in the performance of any material term, covenant, agreement or condition of this Supply Agreement, and if within sixty (60) days after notice from Buyer describing the specific activities constituting such default, Seller shall fail to cure the default, or is such default cannot be cured with the exercise of due diligence within a sixty (60) day period, shall fail thereafter to proceed to cure the same diligently and in good faith, and in any case, to cure such default within one hundred-twenty (120) days; or (ii) Seller is declared insolvent, bankrupt or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against Seller under any provision of the Federal Bankruptcy Act or any amendment thereto.
Buyer’s Rights. Every seller of a prepaid health club services contract shall:
Buyer’s Rights. Supplier shall notify Buyer within five (5) business days after learning of any actual or threatened Claims, suits, actions or legal proceedings that may in any way affect Xxxxx's interests under the Contract.
Buyer’s Rights. 10.1 Upon the termination under Article 12.1, Yiyuan shall return the Down Payment and any Accelerated Payments paid by each of the Buyers in accordance with Article 2.3(a) within ten (10) calendar days after the termination of this Agreement. In addition, upon the termination under Article 12(b), (c) or (e), the Buyers shall be jointly entitled to liquidated damages in an amount of RMB15,000,000. Sellers and the Company shall guarantee the obligations under this Section 10.1 and shall provide such security as may be requested by the Buyers at their sole discretion at any time, including but not limited to the pledge of the Company’s equity interest and/or assets, to the satisfaction of the Buyers
10.2 Without prejudice to any other right or remedy of the Buyers hereunder, if (i) the Sellers fail to complete their obligations under Article 5.5 to the satisfaction of the Buyers, or (ii) the incompletion of the fulfillment of Sellers’ obligations under Article 5.5 which causes material impact on the business and operation of the Joint Venture Company, or (iii) the failure to obtain all Specific Permits after the Closing in a timeframe acceptable to the Buyers (each, the “Triggering Event for Put Option”), the Buyers shall have the right but not the obligation to require Yiyuan to purchase all the equity interests of the Company held by the Buyers (the “Buyers’ Equity Interests”) at such time by delivering written notice to Yiyuan (the “Put Option”), whereupon:
(a) Yiyuan undertakes to proceed with the purchase under the Put Option upon the receipt of the exercise notice from the Buyers immediately and prepare the necessary documents and the required filings with the local authorities.
(b) The purchase price of Buyers’ Equity Interests shall be calculated based on the formula below: X= A plus B WHERE: Purchase Price under Put Option= X Aggregate Purchase Price=A All amounts paid to the Joint Venture Company under the Capital Increase Agreement= B
(c) The Buyers undertake to use their best effort to provide reasonable assistance to Yiyuan on the transfer of Buyers’ Equity Interests to Yiyuan, including but not limited to working with Yiyuan on the necessary filing documents and facilitating the approval process with the local authorities as possible.
(d) The Parties undertake to make appropriate filings or such other reporting with the Tax Authority in the PRC with respect to the transaction related to the exercise of the Put Option and to pay any Tax in the P...
