Common use of Purchase Termination Date Clause in Contracts

Purchase Termination Date. If all of the conditions to Closing set forth in Sections 13.1 and 14.1 (other than, in each case, conditions to be satisfied on the Closing Date) have not been satisfied and/or waived on or before the earlier of: (a) if Barrick does not acquire any Placer Shares pursuant to the Bid, the Bid Expiration Date; (b) if Barrick acquires any Placer Shares pursuant to the Bid, five months after the Bid Expiration Date; and (c) October 31, 2006, (the “Purchase Termination Date”) then the obligation of Barrick to sell, and the obligation of Goldcorp to purchase, the Transferred Assets shall terminate; provided that the Purchase Termination Date may be extended once by up to 30 days by a party if all of the conditions of Closing in favour of the other party (other than those conditions to be satisfied on the Closing Date) have been satisfied or waived on or before the Purchase Termination Date and the conditions of Closing in favour of the extending party (other than those conditions to be satisfied on the Closing Date) have not been satisfied by the Purchase Termination Date and are reasonably expected to be satisfied in the 30-day period after the initial Purchase Termination Date. Such termination shall not affect any of the other rights and obligations or remedies of the parties under this Agreement.

Purchase Termination Date. If all of the conditions to Closing set forth in Sections 13.1 and 14.1 (other than, in each case, conditions to be satisfied on the Closing Date) have not been satisfied and/or waived on or before the earlier of: (a) if Barrick does not acquire any Placer Shares pursuant to the Bid, the Bid Expiration Date; (b) if Barrick acquires any Placer Shares pursuant to the Bid, five months after the Bid Expiration Date; and (c) October 31, 2006, (the “Purchase Termination Date”"PURCHASE TERMINATION DATE") then the obligation of Barrick to sell, and the obligation of Goldcorp to purchase, the Transferred Assets shall terminate; provided that the Purchase Termination Date may be extended once by up to 30 days by a party if all of the conditions of Closing in favour of the other party (other than those conditions to be satisfied on the Closing Date) have been satisfied or waived on or before the Purchase Termination Date and the conditions of Closing in favour of the extending party (other than those conditions to be satisfied on the Closing Date) have not been satisfied by the Purchase Termination Date and are reasonably expected to be satisfied in the 30-day period after the initial Purchase Termination Date. Such termination shall not affect any of the other rights and obligations or remedies of the parties under this Agreement.