Termination By Surrender. A party may surrender its applicable rights under either Part A or Part B, and thereby terminate that applicable Part of this Combined Lease Agreement at any time by delivering written notice to the other party. In such case, each party may retain the benefit of performance of all past obligations as full liquidation damages. The remaining Parts shall continue in force unless and until the parties have surrendered both Part A and Part B. Upon surrender of both Parts, all rights and privileges, on the one hand, and all obligations and commitments on the other hand, shall immediately cease.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Ivanhoe Electric Inc.), Purchase and Sale Agreement (Ivanhoe Electric Inc.)