Buyback Notice Clause Samples

Buyback Notice. (A) If the Seller wishes to reduce the Designated Metal Percentage by 50%, it shall deliver a notice (“Buyback Notice”) to the Purchaser at least 45 days before the relevant anniversary that states: (1) its intention to reduce the Designated Metal Percentage by 50%; and (2) the calculation of the Buyback Fee (“Provisional Calculation”), together with all supporting materials relating to such calculation. (B) Once delivered, the Buyback Notice cannot be revoked, except with the written consent of the Seller and the Purchaser.