Examples of Exclusivity Payment in a sentence
Mithril agrees, within 3 business days of the satisfaction of Conditions (a) and (b) by the Due Diligence Date, to pay Sun Minerals the cash sum of $150,000 (Exclusivity Payment) to an account nominated by Sun Minerals in writing.
Exclusivity Payment The Company had negotiated with AIN for AIN to pay the Company an exclusivity payment of NZD$25,000 in consideration for the Company dealing exclusively with AIN until 31 March 2020 (Exclusivity Payment).
The Seller The Seller is [ ] of [ ] The Buyer The Buyer is [ ] of [ ] The Exclusivity Payment The Buyer on the [ ] day of [ ] 2006 hereby acknowledges that he has made the Exclusivity Payment of £[ ] to the Seller under the Exclusivity Agreement dated [ ] The Seller on the [ ] day of [ ] 2006 hereby acknowledges safe receipt of the Exclusivity Payment of £[ ] from the Buyer under the Exclusivity Agreement dated [ ] Signed Buyer ………………………………………………………..
If the Purchase Agreement is cancelled because Shareholders vote against the necessary resolutions to approve the Proposed Transactions or the Company defaults in any material respect in the performance of any obligations under the Purchase Agreement, then the Company will refund to AIN the Exclusivity Payment to AIN within three months of such cancellation taking effect.
If the Purchase Agreement is cancelled for any reason other than the reasons described above, the Company will retain the Exclusivity Payment.