Common use of Consequences of Non-Satisfaction Clause in Contracts

Consequences of Non-Satisfaction. 2.2.1 If the Condition in clause 2.1.1 has not been satisfied within 3 months after the date of this Agreement, (or such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party.

Appears in 1 contract

Samples: Sale Agreement (Tag Oil LTD)

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Consequences of Non-Satisfaction. 2.2.1 If If: the Condition in clause 2.1.1 2.1.1(a) has not been satisfied within 30 days after the date of this Agreement; or the Condition in clause 2.1.1(b) has not been satisfied within 3 months after the date of this Agreement, (or or, in either case, such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the relevant Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party.

Appears in 1 contract

Samples: Farmout Agreement (Tag Oil LTD)

Consequences of Non-Satisfaction. 2.2.1 If the Condition in clause 2.1.1 has not been satisfied within 3 18 months after the the, date of this Agreement, (Agreement or such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party.writing then:

Appears in 1 contract

Samples: Farmout Agreement (Indo Pacific Energy LTD)

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Consequences of Non-Satisfaction. 2.2.1 If the Condition in clause 2.1.1 has not been satisfied within 3 18 months after the date of this Agreement, (Agreement or such later date as the Parties may agree in writing), then either Party may, at any time thereafter and for so long as the Condition remains unsatisfied, terminate this Agreement by giving not less than 30 days' prior notice to the other Party.then:

Appears in 1 contract

Samples: Asset Sale Agreement (Austral Pacific Energy LTD)

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