Notice of Satisfaction or Failure of Conditions Sample Clauses

Notice of Satisfaction or Failure of Conditions. (a) Seller shall provide prompt notice to Buyer of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(a) to be satisfied or waived (such notice, the “Seller Conditions Precedent Notice”), and Buyer shall provide prompt notice to Seller of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(b) to be satisfied or waived (such notice, the “Buyer Conditions Precedent Notice”), but in no event shall such notice be provided later than five (5) Business Days after the occurrence of the satisfaction or waiver of the last of the conditions set forth in Section 2.3(a) or Section 2.3(b), as applicable. (b) Seller shall give prompt notice to Buyer in the event that a condition set forth in Section 2.3(a), and Buyer shall give prompt notice to Seller in the event that a condition set forth in Section 2.3(b), cannot be satisfied and will not be waived by such notifying Party. The notifying Party shall specify in such notice the condition that cannot be satisfied and will not be waived by the notifying Party. (c) Each Party shall keep the other reasonably apprised of its progress with respect to satisfaction of the conditions of such Party hereunder.
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Notice of Satisfaction or Failure of Conditions. (a) Buyer shall provide prompt notice to Seller of the satisfaction or waiver (in accordance with the requirements of Section 15.6) of the last of the conditions set forth in Section 2.3 to be satisfied or waived, but in no event shall such notice be provided later than five
Notice of Satisfaction or Failure of Conditions. (a) Buyer shall provide prompt notice to Seller of the satisfaction or waiver (in accordance with the requirements of Section 15.6) of the last of the conditions set forth in Section 2.3 to be satisfied or waived (such notice, the “Buyer Conditions Precedent Notice”), but in no event shall such notice be provided later than five (5) Business Days after the occurrence of the satisfaction or waiver of the last of the conditions set forth in Section 2.3. (b) Buyer shall give prompt notice to Seller in the event that a condition set forth in Section 2.3 cannot be satisfied and will not be waived by Buyer. Buyer shall specify in such notice the condition that cannot be satisfied and will not be waived. (c) Buyer shall keep Seller reasonably apprised of its progress with respect to satisfaction of the conditions of Buyer hereunder.

Related to Notice of Satisfaction or Failure of Conditions

  • Failure to Satisfy Conditions Precedent If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

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