Common use of Termination of Option and no interest acquired in the Assets Clause in Contracts

Termination of Option and no interest acquired in the Assets. If the Option is so terminated in accordance with either of sections 1.2 or 1.3 hereinabove then the Optionee shall have no right, entitlement or interest, legally or equitably, in and to any of the Assets, and all Option Cash Payments, Option Share Issuances and any consideration provided under the proposed Consulting Arrangements theretofore made to the Optionor and the Consultants by the Optionee shall be non-refundable for which the Optionee shall have no recourse whatsoever.

Termination of Option and no interest acquired in the Assets. If the Option is so terminated in accordance with either of sections 1.2 or 1.3 hereinabove hereinabove, then the Optionee shall have no right, entitlement or interest, legally or equitably, in and to any of the Assets, and all (i) any Option Cash Payments, Option Share Issuances and any consideration provided under the proposed Consulting Arrangements Price payments or reimbursement(s) theretofore made to the Optionor and the Consultants by the Optionee shall continue to be non-refundable refundable, for which the Optionee shall have no recourse whatsoever.

Termination of Option and no interest acquired in the Assets. If the Option is so terminated in accordance with either of sections 1.2 or 1.3 hereinabove then the Optionee shall have no right, entitlement or interest, legally or equitably, in and to any of the Assets, and all Option Cash Payments, Option Share Issuances and any consideration provided under the proposed Consulting Arrangements Non-Refundable Payment(s) theretofore made to the Optionor and the Consultants by the Optionee shall continue to be non-refundable for which the Optionee shall have no recourse whatsoever.