Purchaser Termination Right Sample Clauses
Purchaser Termination Right. It is understood that Purchaser is entering into this Agreement based on government regulations that allow for RINs to be generated and assigned to the Biodiesel. Purchaser shall have the right, upon thirty (30) days prior written notice, to terminate this Agreement without further liability in the event Purchaser reasonably determines that, whether due to regulatory changes, rulings or otherwise, such RINs can no longer be generated and assigned to the Biodiesel.
Purchaser Termination Right. In the event the Estimated Liquidity is less than Benchmark Liquidity (as defined below), Colony shall not be required to consummate the Transaction and shall have the right to terminate the Investment Agreement.
Purchaser Termination Right. If, prior to Closing, the Related PSA is terminated for any reason, then within ten (10) days of the termination of the Related PSA, Purchaser, in its sole and absolute discretion, may elect to:
(i) terminate this Agreement and receive a full refund of the Deposits and, thereupon, Purchaser shall be released of all further obligations under this Agreement (except for any obligations which expressly survive the termination of this Agreement); or
(ii) proceed to Closing under this Agreement with the $2,500,000 increase in the Purchase Price as required by Section 6.1(b)(iii) below, but all time periods shall be extended for up to an additional twelve (12) months (e.g, the Closing Date, the Approval Period, the Inspection Period and the Commencement Deadline shall each be extended by twelve (12) months).