Purchasers’ Termination for Breach Clause Samples
Purchasers’ Termination for Breach. Upon the occurrence of a Seller Default, then, in addition to pursuing their remedies pursuant to Section 12.3, Purchasers may collectively terminate this Agreement effective immediately upon the expiration of the applicable cure period. Purchasers’ damages upon such a termination, or upon a rejection of this Agreement by a trustee in bankruptcy, will be equal to the purchase price for replacement coke for the balance of the Term, together with any commercially reasonable purchase and transportation costs incurred by Purchasers in connection therewith, plus Incidental Costs incurred by Purchasers in obtaining replacement coke supplies.
Purchasers’ Termination for Breach. Upon the occurrence of a Seller Default, then, in addition to pursuing its remedies pursuant to Section 12.3, Purchaser may terminate this Agreement effective immediately upon delivery of Written notice thereof to Seller. Upon such termination, Purchaser shall be relieved of its obligations in respect of the Coke Supply and Purchase Obligation and its obligation (if any) to pay Government Mandated Additional Expenditures and Seller shall pay to Purchaser Purchaser's Damages within thirty (30) calendar days after the date on which such amounts have been determined in accordance with the provisions of Section 12.6
Purchasers’ Termination for Breach. Upon the occurrence of (a) a Seller Default under Section 11.2(a) that is not cured by Seller prior to the expiration of the cure period set forth in Section 11.2(a), (b) Seller becoming Bankrupt, or (c) such other Seller Default that is not cured prior to the expiration of the cure period set forth in Section 11.2(c), then, in addition to pursuing their remedies pursuant to Section 11.3, Purchaser may terminate this Agreement effective immediately upon the delivery of Written notice thereof to Seller. Purchaser’s damages upon such a termination, or upon a rejection of this Agreement by a trustee in bankruptcy, will be equal to the product of (A) the excess (if any) of (x) the commercially reasonable price of Purchaser