Common use of Return of Delivery Term Security Clause in Contracts

Return of Delivery Term Security. Buyer shall return the unused portion of Delivery Term Security, including the payment of any Interest Amount due thereon pursuant to Section 10.4(d) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section 7.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full. Buyer shall return to Seller the Delivery Term Security promptly after Xxxxx’s Notice of termination due to Force Majeure pursuant to Section 8.1(f).

Appears in 7 contracts

Samples: Distribution Services Agreement, Distribution Services Agreement, Distribution Services Agreement

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Return of Delivery Term Security. Buyer shall return the unused portion of Delivery Term Security, including the payment of any Interest Amount due thereon pursuant to Section 10.4(d) above, to Seller promptly after the following has occurred: (i) the Term has ended, or subject to Section 7.2, an Early Termination Date has occurred, as applicable; and (ii) all payment obligations of the Seller arising under this Agreement, including the Termination Payment, indemnification payments or other damages are paid in full. Buyer shall return to Seller the Delivery Term Security promptly after Xxxxx’s Notice of termination due to Force Majeure pursuant to Section 8.1(f)8.6.

Appears in 1 contract

Samples: Distribution Services Agreement

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