Common use of Redemption on Failure to Agree Clause in Contracts

Redemption on Failure to Agree. Within ten (10) Business Days of any Failure to Agree under Section 9 of the Purchase Agreement, the Company shall fully redeem the Debenture by paying to the Holder a cash redemption price equal to 120% of the outstanding Principal Amount being redeemed, and the provisions of Sections 3(b) and (c) shall apply to such redemption mutatis mutandis.

Appears in 6 contracts

Samples: Security Agreement (Polymet Mining Corp), Polymet Mining Corp, Glencore Holding Ag

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Redemption on Failure to Agree. Within ten (10) Business Days of any Failure to Agree under Section 9 of the Purchase Agreement, the Company shall fully redeem the Debenture by paying to the Holder a cash redemption price equal to 120% of the outstanding Principal Amount being redeemed, and the provisions of Sections 3(b) and (c) shall apply to such redemption mutatis mutandis.

Appears in 6 contracts

Samples: Relating to Purchase Agreement (Glencore PLC), Relating to Purchase Agreement (Polymet Mining Corp), Polymet Mining Corp

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