Examples of Seller Termination Fee in a sentence
If Buyer terminates this Agreement pursuant to Section 7.1(b)(iii), then Seller shall pay or cause to be paid to Buyer the Seller Termination Fee within three (3) Business Days after such termination.
In no event shall Seller be obligated to pay the Seller Termination Fee on more than one occasion.
For the avoidance of doubt, under no circumstances shall either party be permitted or entitled to receive both a grant of specific performance to cause the Closing to occur and payment of the Buyer Termination Fee (in the case of Seller) or the Seller Termination Fee (in the case of Buyer).
In no event will Seller be required to pay the Seller Termination Fee other than in the instance described in this Section 9.3(a) and in no event will Seller be required to pay the Seller Termination Fee on more than one occasion.
Accessed 22 December 2020.[4] Ministry of Agriculture, Forestry and Fisheries.