Common use of Efforts to Fulfil Conditions Precedent Clause in Contracts

Efforts to Fulfil Conditions Precedent. Purchaser and Vendor shall proceed diligently and in good faith and use all reasonable efforts to satisfy and comply with and assist in the satisfaction and compliance with the conditions precedent. If there is a condition precedent that is to be satisfied or complied with prior to the Closing Time, and if, by the time the condition precedent is to be satisfied or complied with, the Party for whose benefit the condition precedent exists fails to notify the other Party whether or not the condition precedent has been satisfied or complied with, the condition precedent shall be conclusively deemed to have been satisfied or complied with.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Efl Overseas, Inc.), Agreement (Efl Overseas, Inc.), Share Purchase Agreement (Paramount Energy Trust)

AutoNDA by SimpleDocs

Efforts to Fulfil Conditions Precedent. Purchaser and Vendor Vendors shall proceed diligently and in good faith and use all reasonable efforts to satisfy and comply with and assist in the satisfaction and compliance with the conditions precedent. If there is a condition precedent that is to be satisfied or complied with prior to the Closing Time, and if, by the time the condition precedent is to be satisfied or complied with, the Party for whose benefit the condition precedent exists fails to notify the other Party whether or not the condition precedent has been satisfied or complied with, the condition precedent shall be conclusively deemed to have been satisfied or complied with.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Devon Energy Corp/De)

Efforts to Fulfil Conditions Precedent. Purchaser and Vendor shall proceed diligently and in good faith and use all reasonable best efforts to satisfy and comply with and assist in the satisfaction and compliance with the conditions precedent. If there is a condition precedent that is to be satisfied or complied with prior to the Closing Time, and if, by the time the condition precedent is to be satisfied or complied with, the Party for whose benefit the condition precedent exists fails to notify the other Party whether or not the condition precedent has been satisfied or complied with, the condition precedent shall be conclusively deemed to have been satisfied or complied with.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Lone Pine Resources Inc.)

AutoNDA by SimpleDocs

Efforts to Fulfil Conditions Precedent. Purchaser and Vendor shall proceed diligently and in iii good faith and use all reasonable best efforts to satisfy and comply with and assist in the satisfaction and compliance with the conditions precedent. If there is a condition precedent that is to be satisfied or complied with prior to the Closing Time, and if, by the time the condition precedent is to be satisfied or complied with, the Party for whose benefit the condition precedent exists fails to notify the other Party whether or not the condition precedent has been satisfied or complied with, the condition precedent shall be conclusively deemed to have been satisfied or complied with.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Alberta Star Development Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!