Common use of Leakage Clause in Contracts

Leakage. The Seller shall notify the Purchaser in writing promptly, but no later than five (5) Banking Days after becoming aware of any payments constituting a Leakage. In the event of a Leakage, the Seller shall repay to the Company on a USD for USD basis an amount equal to the Leakage plus any Taxes fee or expenses triggered or incurred by any ▇▇▇▇▇▇▇ Companies in connection with the Leakage.

Appears in 3 contracts

Sources: Share Purchase Agreement (Golar LNG LTD), Share Purchase Agreement (Cool Co Ltd.), Share Purchase Agreement (Cool Co Ltd.)