Termination by Glencore Clause Samples
The 'Termination by Glencore' clause grants Glencore the explicit right to end the contract under specified circumstances. Typically, this clause outlines the conditions or events—such as breach of contract, insolvency, or failure to meet obligations—under which Glencore may exercise its termination rights. By clearly defining when and how Glencore can terminate the agreement, this clause provides a mechanism for Glencore to manage risk and exit the contract if the counterparty fails to perform or if certain adverse events occur.
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Termination by Glencore. Glencore may terminate the Agreement by giving written notice to PolyMet at any time if:
(a) PolyMet fails to: (i) obtain final listing approval from the TSX or NYSE MKT for the Rights at least two days prior to the date named as the Record Date in the Final Prospectus; (ii) obtain conditional listing approval from the TSX and NYSE MKT in respect of the Shares issuable upon exercise of the Rights and the Standby Shares, prior to or on the Rights Offering Closing Date, subject to receipt of customary final documentation; and (iii) satisfy any of the conditions set out in Section 5.4 of this Schedule 2 on or before the Rights Offering Closing Date;
(b) the Shares are de-listed or suspended or halted for trading for a period greater than one Business Day for any reason by the TSX or NYSE MKT at any time; or
(c) if the Rights Offering is otherwise terminated or cancelled.
Termination by Glencore. Glencore may terminate the Agreement by giving written notice to PolyMet at any time if:
(a) PolyMet fails to: (i) obtain final listing approval from the TSX or NYSE American for the Rights at least two days prior to the date named as the Record Date in the Rights Offering Notice and the Rights Offering Circular; (ii) obtain (or maintain) conditional listing approval from the TSX and NYSE American in respect of the Shares issuable upon exercise of the Rights and the Standby Shares, prior to or on the Rights Offering Closing Date, subject to receipt of customary final documentation;
(b) any of the conditions set out in Section 6.4 of this Schedule 2 are not satisfied on or before the Rights Offering Closing Date;
(c) the Rights Offering Closing Date shall not have occurred on or before April 28, 2023;
(d) the Shares are de-listed or suspended or halted for trading for a period greater than one Business Day for any reason by the TSX or NYSE American at any time; or
(e) if the Rights Offering is otherwise terminated or cancelled.
Termination by Glencore. Glencore may terminate this Agreement by providing notice to EPOS as set forth herein immediately upon the occurrence of any of the following events:
Termination by Glencore. Glencore may terminate the Agreement by giving written notice to PolyMet at any time if:
(a) PolyMet fails to: (i) obtain final listing approval from the TSX or NYSE American for the Rights at least two days prior to the date named as the Record Date in the Final Prospectus; (ii) obtain conditional listing approval from the TSX and NYSE American in respect of the Shares issuable upon exercise of the Rights and the Standby Shares, prior to or on the Rights Offering Closing Date, subject to receipt of customary final documentation;