Common use of Termination by Shareholder Clause in Contracts

Termination by Shareholder. The Shareholder may, in its sole discretion, terminate this Agreement by written notice to HudBay if: (a) any of the representations and warranties of HudBay under this Agreement are not true and correct in all material respects as at the date of this Agreement; or (b) HudBay has not complied in all material respects with any its covenants to the Shareholder contained in this Agreement; provided, however, that such termination shall be without prejudice to any rights which the Shareholder may have as a result of any default by HudBay prior to such termination.