Common use of NOTICE TO VENDOR Clause in Contracts

NOTICE TO VENDOR. If, by the Submission Date, the Purchaser is of the opinion that any of the conditions set forth in Article 8.1 have not been fulfilled and the Purchaser is unwilling to waive the conditions, the Purchaser shall deliver to the Vendor a notice: (a) specifying in what respect the conditions have not been fulfilled; and (b) advising the Vendor that the Purchaser will not be submitting a copy of this Agreement to the Superintendent in accordance with Article 9.2 hereof. In such event, the Purchaser shall not be required to proceed with the transactions contemplated hereunder and this Agreement shall be of no further force and effect whatsoever.

Appears in 6 contracts

Samples: Asset Transfer Agreement, Asset Transfer Agreement, Asset Transfer Agreement

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