Common use of Notice to complete Clause in Contracts

Notice to complete. (a) If the Seller or the Buyer (“Defaulting Party”) fails to satisfy its obligations under clause 7.2 and Schedule 3 on the day and at the place and time for Completion determined under clause 7.1 then the other party (“Notifying Party”) may give the Defaulting Party a notice requiring the Defaulting Party to satisfy those obligations within a period of five (5) Business Days from the date of the notice and time will be deemed to be of the essence in relation to any such notice given under this clause 7.3(a).

Appears in 1 contract

Samples: PRL 15 Sale Agreement (Interoil Corp)

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Notice to complete. (a) If either the Seller Purchaser or the Buyer (“Defaulting Party”) Vendor fails to satisfy its obligations under clause clauses 7.2 and Schedule 3 on or 7.3 (as applicable) by the day and at Scheduled Completion Date (such party being the place and time for Completion determined under clause 7.1 Defaulting Party), then the other party (“Notifying Non-Defaulting Party) may give the Defaulting Party a notice requiring the Defaulting Party to satisfy those obligations within a period of five (5) 10 Business Days from the date of the notice and declaring time will be deemed to be of the essence in relation to any such notice given under this clause 7.3(a)essence.

Appears in 1 contract

Samples: Peabody Energy Corp

Notice to complete. (a) If the a Seller or the Buyer (Defaulting Party) fails to satisfy its obligations under clause 7.2 and Schedule 3 on the day and at the place and time for Completion determined under clause 7.1 then the other party (Notifying Party) may give the Defaulting Party a notice requiring the Defaulting Party to satisfy those obligations within a period of five (5) 5 Business Days from the date of the notice and declaring time will be deemed to be of the essence in relation to any such notice given under this clause 7.3(a)essence.

Appears in 1 contract

Samples: Escrow Agreement (Magellan Petroleum Corp /De/)

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Notice to complete. (a) If the Seller or the Buyer (“Defaulting Party”) fails to satisfy its obligations under clause 7.2 5.2 and Schedule 3 on the day and at the place and time for Completion determined under clause 7.1 those obligations are due then the other party (“Notifying Party”) may give the Defaulting Party a notice requiring the Defaulting Party to satisfy those obligations within a period of five (5) Business Days from the date of the notice and time will be deemed to be of the essence in relation to any such notice given under this clause 7.3(a5.3(a).

Appears in 1 contract

Samples: Share Purchase Agreement (Interoil Corp)

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