Term definition
Examples of Term in a sentence
If, by the end of the Term, the Seller has not sold and delivered to the Purchasers an amount of Refined Gold sufficient to reduce the Uncredited Balance to nil, as calculated in accordance with Section 3.4(a), then the Seller shall pay to the Purchasers, in accordance with each Purchaser's Applicable Percentage, within five (5) days of the expiry of the Term, the Uncredited Balance then outstanding as of the expiry of the Term.
The term of this Agreement shall commence on the Execution Date and, subject to Section 11.2, shall continue until the No-Buydown Delivery Threshold and the Buydown Delivery Threshold have been reduced to zero in accordance with the terms of this Agreement (the "Term").
For greater certainty, the obligations of the Seller and the Purchasers under this Agreement that occurred prior to the end of the Term and any obligations of the Seller under Section 5.2 shall continue after the expiry of the Term until such obligations have been satisfied in full.
The term of this Agreement shall commence on the Signing Date and, subject to Section 9.2(1)(c), shall continue until the date that is ten years after the Signing Date (the "Initial Term").
Purchaser may terminate this Agreement at the end of the Initial Term by providing the Seller PSA Entities, prior to the expiry of the Initial Term, with written notice of its intention to terminate.