Customer Approvals Sample Clauses
The Customer Approvals clause establishes the requirement for the customer to review and formally accept certain deliverables, milestones, or actions before the project or service can proceed to the next stage. In practice, this means that after the provider completes a specified task or delivers a product, the customer must provide written or documented approval, often within a set timeframe. This process ensures that the customer is satisfied with the work at each critical point, helping to prevent misunderstandings and disputes by confirming mutual agreement before moving forward.
Customer Approvals. The Company and the Subsidiaries shall use commercially reasonable efforts to obtain the consents and approvals necessary or provide the notices necessary to satisfy the Assignment Requirements with respect to all Advisory Contracts in accordance with the requirements of each such Advisory Contract, the Investment Advisers Act and other applicable Law, and as and to the extent applicable all Insurance Arrangements in accordance with the requirements of each such Insurance Arrangement, and state insurance Laws and regulations. As soon as reasonably practicable following the date of this Agreement (but in no event later than fifteen (15) days after the date hereof), the Company shall send a written notice, substantially in the form attached hereto as Exhibit F (the “Negative Consent Notice”), to each Customer under an Advisory Contract, requesting consent to the assignment or deemed assignment of such Advisory Contract and informing such Customer: (i) of the intention to complete the transactions contemplated by this Agreement, on a date at least sixty (60) days from the date the Negative Consent Notice is transmitted or mailed or such other period as determined by Buyer in its sole discretion, which will result in an assignment or deemed assignment of such Advisory Contract; (ii) of the intention of the Company and the Subsidiaries to continue to provide the advisory services pursuant to the existing Advisory Contract with such Customer after the Closing if such Customer does not terminate such agreement prior to a date specified in the Negative Consent Notice; and (iii) that the consent of such Customer to each of the foregoing matters will be deemed to have been granted if such Customer does not object in writing or terminate the Advisory Contract prior to a date specified in the Negative Consent Notice, which date shall be at least sixty (60) days from the date the Negative Consent Notice is transmitted or mailed or such other period as determined by Buyer in its sole discretion. At all times prior to Closing, the Company and the Subsidiaries shall take reasonable steps to keep Buyer informed of the status of Customer responses to the Negative Consent Notice and, upon Buyer’s request, make available to Buyer any evidence of Persons terminating services or otherwise objecting or declining to Consent, or withdrawing any Consents. Buyer shall be provided a reasonable opportunity to review and comment on all Consent and/or notice materials, including the Neg...
Customer Approvals. The Parties acknowledge that Triple-S must obtain approvals from certain customers in order for certain of the Functions and geographic scope that the Parties contemplate to be included in the scope of this Agreement to be actually included in the scope of this Agreement after the Effective Date. If Triple-S is not able to obtain any such approval, and the Parties are unable to agree upon an equitable adjustment in the Charges or the scope of the affected Services and other terms of this Agreement that would enable Triple-S to obtain such approval (without adverse impact to Triple-S), then Triple-S shall have the right to remove any impacted Services or volumes from the scope of the Agreement in accordance with Section 2.7(a).
Customer Approvals. In addition to this Specification, the documents listed in Annex “A” shall be approved by the Customer. Specification No. : BCC-GX-302 Date : June 20, 2002 Page No. : 8