英语翻译-EQUITY-Inenteringintothiscontract,sellerandbuyerrecongnizethatitisimpracticaltomakeprovisionforeverycontingencywhichmayariseduringthelifeofthiscontract.sellerandbuyerconcurintheprinciplethatthiscontract
英语翻译
-EQUITY-
Inenteringintothiscontract,sellerandbuyerrecongnizethatitisimpracticaltomakeprovisionforeverycontingencywhichmayariseduringthelifeofthiscontract.sellerandbuyerconcurintheprinciplethatthiscontractshallbecarriedoutbetweenthetwopartieswithfairnessandwithoutdetrimenttotheinterestsofeitherparty,andifinthecourseoftheperformanceofthecontractanyinfringementofthisprincipleisanticipatedordisclosed,thensellerandbuyershallpromptlyconferinthegoodfaithwitheachothertoagreeuponsuchanactionasmatbenecessarytoremovetheclauseorclauseofsuchinfringement.
-LICENSES-
Buyeruudertakethatallthenecessaryimportlicensesandallotherauthorizationsrequiredforcopperconcentrateshavebeenobtained(and/orwillbeobtained)fortheentirequantitycoveredbythiscontract.buyerfurthermoreguaranteesthatsuchlicenseswillremaininforceforthefulllifeofthecontract.
-SUCCESSIONANDASSIGNMENT-
Withoutthepriorwrittenconsentoftheother,whichconsentshallnotbeunreasonablywithheld,neitherpartymayassignitsrightsorobligationsunderthisagreementinfullorinpart.
-DEFAULT-
Intheeventparty(thenon-performingparty)shall:
(1).defaultinthepaymentorperformanceofanyobligationstotheotherpartyunderthiscontractoranyothercontractbetweentheparties.
(2).Fileapetitionorotherwisecommenceorauthorizethecommencementofaproceedingunderanybankruptcyorsimilarlawfortheprotectionofcreditorsorhaveanysuchpetitionfiledorproceedingcommencedagainstitoritsassets.
(3).otherwisebecomebankruptorinsolvent,howeverevidenced.
(4).beunabletopayitsdebtsastheyfalldue
(5).0failtogiveadequateassuranceofitsabilitytoperformallofitsobligationsunderthistransactionoranyothertransactionbetweenthepartieswhthin48hoursofareasonablerequestthereof.
Theninanysucheventtheotherparty(theperformingparty)shallhavetherightimmediatelyandatanytimethereaftertoliquidateandterminateanyorallcontractsthenoutstandingbetweentheparties.
Uponsuchliquidationo