Refusal to Purchase Sample Clauses
The Refusal to Purchase clause establishes the right of one party to decline the acquisition of goods, services, or property as outlined in an agreement. In practice, this clause may specify the conditions under which a buyer can refuse to complete a purchase, such as failure to meet quality standards, delivery deadlines, or other contractual obligations. Its core function is to protect the buyer from being compelled to accept or pay for items that do not conform to agreed terms, thereby allocating risk and ensuring accountability in the transaction.
Refusal to Purchase. If, to the knowledge of the Company, all filings required by Rule 424 in connection with this offering shall not have been made or the representations in Section 5(a)(1) shall not be true and correct on the applicable Settlement Date, the Company will offer to any person who has agreed to purchase Securities from the Company as the result of an offer to purchase solicited by the Agent the right to refuse to purchase and pay for such Securities.
Refusal to Purchase. The Cooperative may, at certain times and as operating conditions warrant, reasonably refuse to accept part or all of the output of the Producer's facility. Such refusal shall be based on system emergency constraints, special operating requirements, adverse effects of the Producer's facility on the Cooperative's system or violation by the Producer of the terms of the Agreement for Interconnection and Parallel Operation of Cogeneration and Small Power Installations; 100 KW or Less.