Common use of Reduction in Services Clause in Contracts

Reduction in Services. (a) If the Corporation elects to terminate its right to receive, and thereby its corresponding obligation to pay for, any Services, any amounts payable for Services under this Agreement shall be reduced by the amount attributed to such terminated Services. (b) In the event of the termination or the expiration of one or more Services, this Agreement shall continue in full force and effect with respect to any Services being provided by Equinox Gold that have not been terminated or expired.

Appears in 1 contract

Sources: Arrangement Agreement (Equinox Gold Corp.)

Reduction in Services. (a) If the Corporation elects Purchasers elect to terminate its right to receive, and thereby its corresponding obligation to pay for, any Services, any amounts payable for Services under this Agreement shall be reduced by the amount attributed to such terminated Services. (b) In the event of the termination or the expiration of one or more Services, this Agreement shall continue in full force and effect with respect to any Services being provided by Equinox Gold the Vendor Parent that have not been terminated or expired.

Appears in 1 contract

Sources: Share Purchase Agreement (Endeavour Silver Corp)