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Satisfaction of Condition Sample Clauses

Satisfaction of Condition. If Supplier agrees to perform the additional or extraordinary testing and such testing results in a “no-pass” result, Supplier will investigate the cause of the “no-pass” result. Buyer and Supplier will agree on resolution of and responsibility for the cost to correct the problem. In no event will any payment due to Supplier upon FAT Acceptance or SAT Acceptance be delayed due to a “no-pass” result under this Section 6.
Satisfaction of ConditionEach party must: (a) use all reasonable endeavours to procure that the Condition is satisfied as soon as possible and in any event before the End Date; and (b) not take any action that will or is likely to hinder or prevent the satisfaction of the Condition.
Satisfaction of Condition. NESR shall, at its own cost, use its best endeavours to ensure that the Condition in Article VII of this Agreement is satisfied promptly after the date of this Agreement (and, in any event, before the Long-stop Date), including by soliciting proxies as promptly as practicable in accordance with applicable Law for the purpose of obtaining the De-SPAC Approval, and shall promptly notify the Selling Stockholders of the satisfaction of the Condition. Without prejudice to the foregoing, NESR shall and shall cause its Affiliates: (a) to promptly prepare the Proxy in a form and substance that complies with applicable requirements of the Exchange Act and the rules and regulations thereunder to be sent to the stockholders of NESR, for the purpose of, amongst other things, solicitation of proxies from the stockholders of NESR with respect to the De-SPAC Stockholder Voting Matters in an effort to obtain the De-SPAC Approval and providing the stockholders of NESR with the opportunity to have their Company Shares redeemed; (b) to take all actions that are necessary or reasonably advisable or as may be required by the SEC or by applicable Law in order to give effect expeditiously to the transactions contemplated by this Agreement; (c) to disclose in writing to the Selling Stockholders any event, fact or circumstance which will or may prevent the Condition from being satisfied on or prior to the Long-stop Date promptly after such event, factor circumstance comes to its attention; (d) make any necessary filings to the SEC as promptly as possible after the date of this Agreement and any filings with respect to the transactions contemplated hereby under the Securities Act and the Exchange Act and applicable “blue skylaws and rules and regulations thereunder, to re-submit any such filings as promptly as possible (and in any event within the timeframe mandated by the SEC), and use its best efforts to have the Proxy cleared by the SEC under the Exchange Act as soon as possible after filing; (e) provide any additional information and documentary material that may be requested by the SEC and respond to any SEC comments as promptly as possible following receipt of such request or comments; (f) promptly notify the Selling Stockholders of any communications (whether written or oral) with the SEC in connection with obtaining the De-SPAC Approval, including in connection with the approval by the SEC of the Proxy, any filing of any supplement or amendment to the Proxy, the issuance ...
Satisfaction of ConditionBorrower shall have satisfied the condition described in Section 2.6 and shall provide Lender with a written waiver of such condition.
Satisfaction of ConditionTo the extent that it is within its power to do so, each of Fortescue and Chichester will use its reasonable best endeavours to procure that the Condition is satisfied as soon as reasonably practicable following the date hereof and in any event by not later than the End Date. Fortestcue and Chichester shall notify Leucadia and Xxxxxxx in writing immediately upon satisfaction of the Financial Close.
Satisfaction of Condition. For the purposes of the condition in clauses 3.1(a)(iv) and (b)(iv), the parties agree that the occurrence of one or more of the following events shall not, of itself, prevent the satisfaction of that condition: (a) ASIC appearing as amicus curiae at the Court on either or both of the First Court Dates; (b) ASIC appearing as amicus curiae at the Court on either or both of the Second Court Dates; (c) ASIC objecting to the Share Scheme under Part 5.1 of the Act on either or both of the First Court Date or the Second Court Date in relation to the Share Scheme or ASIC not providing a statement under section 411(17)(b) of the Act; or (d) ASIC objecting to the Note Scheme under Part 5.1 of the Act on either or both of the First Court Date or the Second Court Date in relation to the Note Scheme.
Satisfaction of Condition. Precedent (CP) 2.8.3.1 The Conditions Precedent shall be completed/ achieved within the Condition Precedent Period 2.8.3.2 Within 15 days of completion of their respective CPs each party shall issue a notice of satisfaction notifying other party about the completion of its CPs. Other party within a period of 15 days from receipt of such notice shall confirm its acceptance of the same. The later of two dates on which acceptance letter is issued by Seller or Purchaser, as the case may be, or the last date of Condition Precedent period, whichever occurs earlier shall be the Effective Date. 2.8.3.3 If a Party is prevented from fulfilling a Condition Precedent because of the occurrence of an event of Force Majeure within the Condition Precedent Period and the affected party provides documents to other party’s satisfaction establishing the Force Majeure period , then such Condition Precedent Period shall stand extended by the number of days such Party is delayed from fulfilling its Condition Precedent. Such extension due to Force Majeure however shall not exceed a total of 180 days 2.8.3.4 The CPs set out in Clause 2.8.1 above shall be fulfilled to the satisfaction of Seller or waived by Seller at its sole discretion without affecting the Seller in any way to honour the obligations under this agreement. Within 15 days of achieving or waving the CPs set out in Clause 2.8. 1. as the case may be, the Seller shall issue a notice of satisfaction and notify to Purchaser in writing. The Purchaser within 15 days from receipt of such notification shall issue a letter accepting the same. 2.8.3.5 The CPs set out in Clause 2.8.2. above shall be fulfilled to the satisfaction of both the Parties or waived jointly by both the Parties in writing, as the case may be. Within 15 days of completion of achieving the CPs set out in Clause 2.8.2 the Purchaser shall issue a written notice of satisfaction and notify to Seller. The Seller within 15 days from receipt of such notification by Purchaser shall issue a letter accepting the same. 2.8.3.6 In the event that any of the Conditions Precedent stipulated have not been satisfied or waived within the Condition Precedent Period or any extended period as mutually agreed by both the Parties, the non defaulting party shall have the right to extend the Condition Precedent period at its discretion or terminate the agreement by providing a written notice of 30 days provided the non defaulting party has completed/ achieved its CPs as set out in...
Satisfaction of Condition. PRECEDENT TO AGREEMENT
Satisfaction of Condition. The representations and warranties of ------------------------- each Seller contained in this Agreement shall be true and correct on and as of the Closing Date; each of the conditions specified in this Section 6 shall have been fulfilled to the Purchaser's satisfaction or waived in writing by the Purchaser; and, on the Closing Date, certificates to such effect executed by the President and Chief Financial Officer of each Corporate Seller, Trust Seller and each Individual Seller, as applicable, shall have been delivered to the Purchaser.
Satisfaction of ConditionThe parties hereby agree that the Company’s payment of the Settlement Amount on or before the Deadline satisfies the Company’s obligations under the Transaction Documents in full.