Sales Deficiency. In the event less than $1,000,000 of Gold Purchase cash proceeds have been deposited in the Trust Accounts after 180-days from the Effective Date of this Gold-Ore Purchase Agreement, Gold-Ore Owner shall have the option of requesting the immediate return of all or part of its Gold Purchase funds and/or continuing with the project for an additional 180-days. In the event Gold-Ore Owner elected to continue with the project and less than $1,000,000 of Gold Purchase proceeds have been deposited in the Trust Accounts after 360-days from the Effective Date of this Gold-Ore Purchase Agreement, Gold-Ore Owner’s Gold Purchase payments shall be immediately returned in certified funds (USD).
Appears in 4 contracts
Samples: Purchase Agreement, Gold Ore Purchase Agreement, Gold Ore Purchase Agreement
