Promptly upon receipt Clause Samples
The "Promptly upon receipt" clause requires a party to take a specified action as soon as they receive something, such as a notice, document, or payment. In practice, this means that once the relevant item is received, the recipient must act without undue delay, for example by acknowledging receipt, forwarding information, or beginning a required process. This clause ensures timely responses and helps prevent unnecessary delays, thereby promoting efficiency and clarity in contractual obligations.
Promptly upon receipt of Buyer of a notice of a claim by a third party which may give rise to a claim for indemnification, Buyer shall give written notice thereof to Seller. If Seller gives to Buyer an agreement in writing, in a form satisfactory to B▇▇▇▇’s counsel, to defend such claim, Seller may, at their sole expense, undertake the defense against such claim and may contest or settle such claim on such terms, at such time and in such manner, as Seller in its sole discretion shall elect and Buyer shall execute such documents and take such steps as may be reasonable necessary in the opinion of counsel for Seller to enable Seller to conduct the defense of such claims. In any event, each of the parties hereto shall have such access to the records and files of the other party hereto relating to any such claim as may be reasonably necessary to defend or participate in the defense thereof effectively.
Promptly upon receipt the Borrower will give the Lender copies of all registrations and filings with respect to its Intellectual Property Rights.
Promptly upon receipt. BY THE LESSEE OF NOTICE OR DISCOVERY BY THE LESSEE OF ANY FACT OR CIRCUMSTANCE WHICH MIGHT RESULT IN A BREACH OR VIOLATION OF ANY COVENANT OR AGREEMENT, THE LESSEE SHALL NOTIFY THE LESSOR IN WRITING OF SUCH FACT OR CIRCUMSTANCE; AND
Promptly upon receipt of the Notice of Purchase, Borrower shall execute the acknowledge of exercise in the form attached hereto as EXHIBIT F (the "Acknowledgement of Purchase") indicating the number of shares which remain subject to future purchases, if any. Upon receipt of the Purchase Price in accordance with the terms set forth above, the Borrower shall issue to the Lender a certificate for the number of shares of Preferred Stock purchased, no later than twenty-one (21) days thereafter.
Promptly upon receipt of written notice from the Union, the Employer shall discharge any employee who fails to become or is not a member of the Union on the prescribed day, provided membership was available under the same terms and conditions as generally applicable to other members. Further, all employees who fail to maintain their Union membership in good dues standing shall be similarly discharged by the Employer. The Union agrees to indemnify, defend, and hold the Employer harmless from any claim arising from any such discharge.
Promptly upon receipt of Supplier's response to the request for accelerated delivery, Applied will review such response and consult with Supplier regarding any additional information needed by Applied or Supplier. Upon agreement of the parties pursuant to such request and response, Applied shall issue a revised Authorized Demand Signal and include in such revised Authorized Demand Signal the new Committed Delivery Date and all changes in price or other cost, established in accordance with the request and response.