Common use of Notice of Unfulfilled Conditions Clause in Contracts

Notice of Unfulfilled Conditions. If any party hereto shall determine at any time prior to the Closing Date that it intends to terminate this Agreement because of any unfulfilled and/or unperformed condition precedent contained in this Agreement on the part of the other party to be fulfilled and/or performed, it shall so notify the other party forthwith upon making such determination to the end that such other party shall have the right and opportunity to take such steps, at its own expense, as may be necessary for the purpose of fulfilling and/or performing such condition precedent within a reasonable period of time, but in no event later than 14 Business Days after the receipt of such written notice by such other party of its intention to terminate this Agreement.

Appears in 8 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement

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Notice of Unfulfilled Conditions. If any party hereto shall determine at any time prior to the Closing Date that it intends to terminate this Agreement because of any unfulfilled and/or unperformed condition precedent contained in this Agreement on the part of the other party to be fulfilled and/or performed, it shall so notify the other party forthwith upon making such determination to the end that such other party shall have the right and opportunity to take such steps, at its own expense, as may be necessary for the purpose of fulfilling and/or performing such condition precedent within a reasonable period of time, but in no event later than 14 Business Days 30 days after the receipt of such written Written notice by such other party of its intention to terminate this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Benz Energy LTD /Can/)

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