Common use of Sunset Date Clause in Contracts

Sunset Date. 31.1 Settlement must occur by the Sunset Date. If settlement does not occur by the Sunset Date (or if the Buyer requests a later date for settlement and the Seller agrees to that date, the later date), then either the Seller or the Buyer can terminate the Contract by written notice to the other party and all monies paid by the Buyer shall be refunded to the Buyer and neither party shall have any Claim against the other by reason of that termination. 31.2 The Buyer may not terminate the Contract under clause 31.1 if settlement has not occurred by the Sunset Date as a result of the Buyer’s default.

Sunset Date. 31.1 11.1 Settlement must occur by the Sunset Date. If settlement does not occur by the Sunset Date (or if the Buyer requests a later date for settlement and the Seller agrees to that date, the that later date), then either the Seller or the Buyer can terminate the Contract by written notice to the other party and all monies moneys paid by the Buyer shall be refunded to the Buyer and neither party shall have any Claim against the other by reason of that termination. 31.2 11.2 The Buyer may not terminate the Contract under clause 31.1 11.1 if settlement has not occurred by the Sunset Date as a result of the Buyer’s default.