Common use of Acceptance by Recipient Clause in Contracts

Acceptance by Recipient. This Agreement must be signed by the Chief Executive Officer of the Recipient and returned to, and received by, the OSGCIC within forty-five (45) days of the date written on the first page of this Agreement. Failure of the Recipient to return a fully executed copy of this Agreement to the OSGCIC within the forty-five (45) day limit will result in this Agreement being declared null and void. However, upon the Recipient presenting the Administrator with a written explanation of the need to extend this forty-five (45) day limit, the Administrator, in his sole discretion, may extend the forty-five (45) day limit.

Acceptance by Recipient. This Agreement must be signed by the Chief Executive Officer of the Recipient and returned to, and received by, the OSGCIC Administrator within forty-five (45) days of the date written on the first page of this Agreement. Failure of the Recipient to return a fully executed copy of this Agreement to the OSGCIC Administrator within the forty-five (45) day limit will result in this Agreement being declared null and void. However, upon the Recipient presenting the Administrator with a written explanation of the need to extend this forty-five (45) day limit, the Administrator, in his sole discretion, may extend the forty-five (45) day limit.