Terminal Interests definition
Examples of Terminal Interests in a sentence
If Seller elects to cure any Alleged Title Defect with respect to Assets under this Agreement or any alleged title defect with respect to the “Assets” under the Terminal Interests ASPA, the Closing shall be extended, as necessary, until the date which is five (5) Business Days following Seller's completion of such cure, provided, that in no event shall Closing be extended beyond a date which is ninety (90) days after the originally scheduled Closing.
Notwithstanding anything to the contrary, in no event shall there be any adjustments to the Purchase Price or other remedies provided by Seller (or NWTC) for any individual Alleged Title Defect under this Agreement or the Terminal Interests ASPA for which the value of such Alleged Title Defect under this Agreement or the Terminal Interests ASPA does not exceed One Hundred Thousand U.S. Dollars (US$100,000) (the “Individual Title Deductible”).
In the event that the aggregate amount the Consolidated Casualty Losses is reasonably determined by Seller to be less than Four Million U.S. Dollars (US$4,000,000), the transactions contemplated by this Agreement and the Terminal Interests ASPA shall nevertheless close and Seller shall have no obligation regarding the casualty.
The transactions contemplated by the Terminal Interests ASPA shall have been consummated or can be consummated simultaneously with the Closing, in each case, in accordance with the terms of the Terminal Interests ASPA.
With respect to Lessor's business and the Facilities, Pipeline System Interests and Terminal Interests, Lessor has filed or will timely file or send all applicable federal, state, county and local returns, declarations and reports and information returns and statements required to be filed by or with respect to them in respect of any Taxes for any period ending on or before the date hereof (collectively, "Returns") where the failure to so file would have a Material Adverse Effect.