Non-Compliance Constitutes Default. Non-compliance with the provisions of this Article 10 by an Affiliate of a Party will constitute a default under this Agreement by such Party unless such Party can satisfy the other Party that the Affiliate was acting independently and at arm's length, without information from or direction by the affiliated Party and that such affiliated Party could not reasonably have enforced compliance with the terms hereof by its Affiliate in the circumstances.
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Samples: Option Agreement (Soltera Mining Corp.), Option Agreement (Tournigan Gold Corp), Option Agreement (Tournigan Gold Corp)
Non-Compliance Constitutes Default. Non-compliance with the provisions of this Article 10 12 by an Affiliate of a Party will constitute a default under this Agreement by such Party unless such Party can satisfy the other Party that the Affiliate was acting independently and at arm's ’s length, without information from from, or direction by by, the affiliated Party and that such affiliated Party could not reasonably have enforced compliance with the terms hereof by its Affiliate in the circumstances.
Appears in 1 contract
Samples: Option Agreement
Non-Compliance Constitutes Default. Non-compliance with the provisions of this Article 10 13 by an Affiliate of a Party will constitute a default under this Agreement by such Party unless such Party can satisfy the other Party that the Affiliate was acting independently and at arm's ’s length, without information from from, or direction by by, the affiliated Party and that such affiliated Party could not reasonably have enforced compliance with the terms hereof by its Affiliate in the circumstances.
Appears in 1 contract
Samples: Property Option Agreement
Non-Compliance Constitutes Default. Non-compliance with the provisions of this Article 10 by an Affiliate of a Party or its Affiliate will constitute a material default under this Agreement by such Party unless such Party can satisfy the other Party that the Affiliate was acting independently and at arm's length, without information from or direction by the affiliated Party and that such affiliated Party could not reasonably have enforced compliance with the terms hereof by its Affiliate in the circumstancesParty.
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Non-Compliance Constitutes Default. Non-compliance with the provisions of this Article 10 article by any acquiring party which is an Affiliate of a Party will constitute a default under this Agreement by such Party unless such Party can satisfy the other Party that the its Affiliate was acting independently and at arm's length, without information from or direction by the affiliated Party and that such affiliated the Party could not reasonably have enforced compliance with the terms hereof by its Affiliate in the circumstances.
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