Common use of Termination Entitlement Clause in Contracts

Termination Entitlement. If the Seller wishes to terminate the delivery of Payable Gold to the Purchaser during the Delivery Period in accordance with the terms and conditions of this Agreement (a “Seller Termination Event”), it shall provide written notice thereof to the Purchaser and the purchase of Refined Gold not delivered shall be cancelled and the Purchaser shall be entitled to receive a one-time termination amount (the “Termination Amount”) [Commercially sensitive information redacted].

Appears in 4 contracts

Samples: Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)

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Termination Entitlement. If the Seller wishes to terminate the delivery of Payable Gold to the Purchaser Purchasers during the Delivery Period in accordance with the terms and conditions of this Agreement (a “Seller Termination Event”), it shall provide written notice thereof to the Purchaser Purchasers and the purchase of Refined Gold not delivered shall be cancelled and the Purchaser Purchasers shall be entitled to receive a one-time termination amount (the “Termination Amount”) [Commercially sensitive information redacted].

Appears in 2 contracts

Samples: Namoya Ii Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)

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Termination Entitlement. If the Seller wishes to terminate the delivery of Payable Gold to the Purchaser during the Delivery Period in accordance with the terms and conditions of this Agreement (a “Seller Termination Event”), it shall provide written notice thereof to the Purchaser and the purchase of Refined Gold not delivered shall be cancelled and the Purchaser shall be entitled to receive a one-time termination amount (the “Termination Amount”) [Commercially sensitive information redacted].

Appears in 1 contract

Samples: Gold Purchase and Sale Agreement (Banro Corp)

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