Examples of Minimum Required Consents Application Target Date in a sentence
If Seller has not completed and filed the applications for the Minimum Required Consents by the Minimum Required Consents Application Target Date, then Seller shall pay Buyer Liquidated Damages equal to Daily Delay Liquidated Damages for each Day of delay following the Minimum Required Consents Application Target Date until Seller has completed and filed the applications for the Minimum Required Consents, up to a maximum amount equivalent to ninety (90) Days’ Liquidated Damages.
In the event Seller fails to complete and file its applications for Consents required to commence development of the Project, on or before ninety (90) Days after the Minimum Required Consents Application Target Date other than for reasons beyond Seller’s control, Buyer shall have the right to terminate this Agreement by written notice to Seller.