Consideration for the Remaining Credits Option Sample Clauses

Consideration for the Remaining Credits Option. For any Credits that the Buyer decides NOT to purchase by September 30, 2021, the Buyer shall, at least seven (7) Business Days prior to September 30, 2021, to deposit 2.0% of the Purchase Price for all remaining Credits (the “Deposit”) as consideration for the Remaining Credits Option. The Deposit, upon deposit into escrow, shall be non-refundable and shall be released from escrow to the Seller as soon as commercially possible; provided, however, that if Seller breaches its obligations under this Agreement to sell any of the remaining Credits that Xxxxx has elected to purchase pursuant to the Remaining Credits Option under the terms and conditions hereof, Seller shall promptly refund the Deposit to Buyer on demand. If and when the Buyer purchases all remaining Credits, the Deposit will be applied to the Purchase Price of the total remaining Credits. The Remaining Credits Option shall terminate if the Deposit is not timely deposited into Escrow.
Sample 1
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Related to Consideration for the Remaining Credits Option

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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