Schedules and Other Instruments. Each Schedule to this Agreement and Exhibit to this Agreement shall be considered a part hereof as if set forth herein in full. From the date hereof until the Closing Date, Seller may update the Schedules to this Agreement and or Buyer may update Buyer’s Schedules, subject to the other party’s approval rights described below. Any other provision herein to the contrary notwithstanding, the Schedules to this Agreement and all other Schedules or, Exhibits, or related document provided for in this Agreement and not delivered at the time of execution of this Agreement or which are incomplete at the time of execution of this Agreement shall be delivered or completed within ten (10) days after the date hereof or prior to the Closing, whichever is sooner. It shall be deemed a condition precedent to the obligations of the parties hereto that any material updating to Schedules, Exhibits or related Document shall meet with the good faith approval of the non-updating party, no such approval to be unreasonably withheld, delayed or conditioned. Each of the parties hereto, acting reasonably and in good faith, shall have three (3) Business Days following the date of receipt of each updating, amendment or change to any such Schedule, Exhibit or related Document within which to approve or disapprove such updating, amendment or change. If within such three (3) Business Day period either party gives written notice to the other of disapproval of any such updating, amendment or change that would have a material and adverse impact (giving the specific reasons therefor) on: (i) Trace Real Property, or the ability of Buyer to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Seller, or (ii) Seller or the ability of Seller to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Xxxxx, the other party shall have three (3) Business Days within which to modify or correct or to withdraw the updating, amendment or change disapproved. If the party to whom notice of disapproval is delivered is either unwilling or unable to modify or correct or to withdraw the disapproved updating, amendment or change and thereby remove the reasons for the material and adverse impact specified for disapproval, then the disapproving party shall have three (3) Business Days within which to terminate this Agreement by giving written notice of such termination to the other party in which event this Agreement shall be terminated. Absent any such termination, the proposed updating, amendment or change shall be deemed accepted.
Appears in 2 contracts
Samples: Real Estate Purchase Agreement (Sunlink Health Systems Inc), Real Estate Purchase Agreement (Sunlink Health Systems Inc)
Schedules and Other Instruments. Each Schedule to this Agreement Lease and Exhibit to this Agreement Lease shall be considered a part hereof as if set forth herein in full. From the date hereof until the Closing Lease Commencement Date, Seller Lessor may update the Schedules to this Agreement Lease and or Buyer Lessee may update Buyer’s Schedulesany Lessee Schedule, subject to the other party’s approval rights described below. Any other provision herein to the contrary notwithstanding, the Schedules to this Agreement Lease and all other Schedules or, Exhibits, or related document provided for in this Agreement Lease and not delivered at the time of execution of this Agreement Lease or which are incomplete at the time of execution of this Agreement Lease shall be delivered or completed within ten (10) days after the date hereof or prior to the ClosingLease Commencement, whichever is sooner. It shall be deemed a condition precedent to the obligations of the parties hereto that any material updating to Schedules, Exhibits or related Document shall meet with the good faith approval of the non-updating party, no such approval to be unreasonably withheld, delayed or conditioned. Each of the parties hereto, acting reasonably and in good faith, shall have three (3) Business Days following the date of receipt of each updating, amendment or change to any such Schedule, Exhibit or related Document within which to approve or disapprove such updating, amendment or change. If within such three (3) Business Day period either party gives written notice to the other of disapproval of any such updating, amendment or change that would have a material and adverse impact (giving the specific reasons therefor) on:
(i) Trace Real Propertythe Lease Premises, or the ability of Buyer Lessee to perform its obligations under this AgreementLease, in the case of an updating, amendment or change proposed by SellerXxxxxx, or
(ii) Seller Lessor or the ability of Seller Lessor to perform its obligations under this AgreementLease, in the case of an updating, amendment or change proposed by XxxxxXxxxxx, the other party shall have three (3) Business Days within which to modify or correct or to withdraw the updating, amendment or change disapproved. If the party to whom notice of disapproval is delivered is either unwilling or unable to modify or correct or to withdraw the disapproved updating, amendment or change and thereby remove the reasons for the material and adverse impact specified for disapproval, then the disapproving party shall have three (3) Business Days within which to terminate this Agreement Lease by giving written notice of such termination to the other party in which event this Agreement Lease shall be terminated. Absent any such termination, the proposed updating, amendment or change shall be deemed accepted.
Appears in 1 contract
Schedules and Other Instruments. Each Schedule to this Agreement and Exhibit to this Agreement shall be considered a part hereof as if set forth herein in full. From the date hereof until the Closing Date, Seller may update the Schedules to this Agreement and or Buyer may update Buyer’s Schedules, subject to the other party’s approval rights described below. Any other provision herein to the contrary notwithstanding, the Schedules to this Agreement and all other Schedules or, Exhibits, or related document provided for in this Agreement and not delivered at the time of execution of this Agreement or which are incomplete at the time of execution of this Agreement shall be delivered or completed within ten (10) days after the date hereof or prior to the Closing, whichever is sooner. It shall be deemed a condition precedent to the obligations of the parties hereto that any material updating to Schedules, Exhibits or related and related, Document shall meet with the good faith approval of the non-updating party, no such approval to be unreasonably withheld, delayed withheld or conditioneddelayed. Each of the parties hereto, acting reasonably and in good faith, shall have three (3) Business Days following the date of receipt of each updating, amendment or change to any such Schedule, Exhibit or related Document document within which to approve or disapprove such updating, amendment or change. If within such three (3) Business Day period either party gives written notice to the other of disapproval of any such updating, amendment or change that would have a material and adverse impact (giving the specific reasons therefor) on:
(i) Southern or Trace Real PropertyRegional, or the ability of Buyer to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Seller, or
(ii) Seller or the ability of Seller to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Xxxxx, the other party shall have three five (35) Business Days within which to modify or correct or to withdraw the updating, amendment or change disapproved. If the party to whom notice of disapproval is delivered is either unwilling or unable to modify or correct or to withdraw the disapproved updating, amendment or change and thereby remove the reasons for the material and adverse impact specified for disapproval, then the disapproving party shall have three five (35) Business Days within which to terminate this Agreement by giving written notice of such termination to the other party in which event this Agreement shall be terminated. Absent any such termination, the proposed updating, amendment or change shall be deemed accepted.
Appears in 1 contract
Samples: Stock Purchase Agreement (Sunlink Health Systems Inc)
Schedules and Other Instruments. (a) Each Schedule to this Agreement and Exhibit to this Agreement shall be considered a part hereof as if set forth herein in full. From the date hereof until the Closing Date, Seller may update the Seller’s Schedules to this Agreement reflect the occurrence of a development occurring after the delivery of such Schedules or newly discovered information, and or Buyer may update Buyer’s SchedulesSchedules to reflect the occurrence of a development occurring after the delivery of such Schedules or newly discovered information, in each case subject to the other party’s approval rights described below. Any other provision herein to the contrary notwithstanding; provided, the Schedules to this Agreement and however, that all other Schedules or, Exhibits, or related document provided for in this Agreement and not delivered at the time of execution of this Agreement or which are incomplete at the time of execution of this Agreement such updating shall be delivered or completed within no later than ten (10) days after the date hereof or Business Days prior to the Closing, whichever is sooner. .
(b) It shall be deemed a condition precedent to the obligations of the parties hereto that that: (i) any material updating to of Schedules, Exhibits or Exhibits, and/or related Document documents, instruments, books, and records shall meet with the good faith approval of the non-updating party, no such approval to be unreasonably withheld, delayed or conditioned. Each of the parties hereto, acting reasonably ; and in good faith, shall have three (3) Business Days following the date of receipt of each updating, amendment or change to any such Schedule, Exhibit or related Document within which to approve or disapprove such updating, amendment or change. If within such three (3) Business Day period either party gives written notice to the other of disapproval of any such updating, amendment or change that would have a material and adverse impact (giving the specific reasons therefor) on:
(i) Trace Real Property, or the ability of Buyer to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Seller, or
(ii) Schedule 1.1(h) (Assumed Contracts) shall not be updated without the express written consent of Buyer; provided, however, that Seller may update any schedule in accordance with Section 12.1(a) if any liability reflected on such updated schedule is less than or the ability is reasonably likely to be less than $100,000 (in which event such updated shall not constitute a breach by Seller of Seller to perform its obligations representations and warranties under this Agreement, Agreement and Buyer shall continue to be obligated to close) but any Loss arising with respect to the matters identified on such Schedule update shall reduce the Threshold in the case aggregate amount of an updatingsuch liability(ies); and further provided, amendment that Seller may update any schedule in accordance with Section 12.1(a) if any pre-existing liability reflected on such updated Schedule is more than or change proposed by Xxxxx, the other party is reasonably likely to be more than $100,000 in which event Buyer shall have three the option to either (3y) Business Days within which proceed with the closing of the transactions contemplated by this Agreement but with any Loss arising with respect to modify the matters identified on such Schedule update first reducing the Threshold in the amount of such liability (but not below zero) with Seller retaining liability under Article 11 for any Loss above $100,000 otherwise in accordance with the terms of such Article 11 or correct or to withdraw the updating, amendment or change disapproved. If the party to whom notice of disapproval is delivered is either unwilling or unable to modify or correct or to withdraw the disapproved updating, amendment or change and thereby remove the reasons for the material and adverse impact specified for disapproval, then the disapproving party shall have three (3z) Business Days within which to terminate this Agreement by giving written notice of such termination to the other party in which event this Agreement shall be terminated. Absent any such termination, the proposed updating, amendment or change shall be deemed acceptedaccordance with Section 10.1(h).
Appears in 1 contract
Samples: Asset Purchase Agreement (Sunlink Health Systems Inc)
Schedules and Other Instruments. Each Schedule to this Agreement and Exhibit to this Agreement shall be considered a part hereof as if set forth herein in full. From the date hereof until the Closing Date, Seller may update the Schedules to this Agreement and or Buyer may update Buyer’s Schedules, subject to the other party’s approval rights described below. Any other provision herein to the contrary notwithstanding, the Schedules to this Agreement and all other Schedules or, Exhibits, or related document provided for in this Agreement and not delivered at the time of execution of this Agreement or which are incomplete at the time of execution of this Agreement shall be delivered or completed within ten (10) days after the date hereof or prior to the Closing, whichever is sooner. It shall be deemed a condition precedent to the obligations of the parties hereto that any material updating to Schedules, Exhibits or related Document shall meet with the good faith approval of the non-updating party, no such approval to be unreasonably withheld, delayed delayed, or conditioned. Each of the parties hereto, acting reasonably and in good faith, shall have three (3) Business Days following the date of receipt of each updating, amendment or change to any such Schedule, Exhibit Exhibit, or related Document within which to approve or disapprove such updating, amendment or change. If within such three (3) Business Day period either party gives written notice to the other of disapproval of any such updating, amendment or change that would have a material and adverse impact (giving the specific reasons therefor) on:
(i) Seller or Trace Real PropertyRegional, or the ability of Buyer to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Seller, or
(ii) Seller or the ability of Seller to perform its obligations under this Agreement, in the case of an updating, amendment or change proposed by Xxxxx, the other party shall have three (3) Business Days within which to modify or correct or to withdraw the updating, amendment or change disapproved. If the party to whom notice of disapproval is delivered is either unwilling or unable to modify or correct or to withdraw the disapproved updating, amendment or change and thereby remove the reasons for the material and adverse impact specified for disapproval, then the disapproving party shall have three (3) Business Days within which to terminate this Agreement by giving written notice of such termination to the other party in which event this Agreement shall be terminated. Absent any such termination, the proposed updating, amendment or change shall be deemed accepted.
Appears in 1 contract
Samples: Asset Purchase Agreement (Sunlink Health Systems Inc)